Settings8H · net · $10k
Funding arb · Price arb /

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Ondo Perps−0.043%7-day average −0.012% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.043%, 7d avg −0.012%
Together, before fees−0.056%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.032% cheaper against Ondo Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BTC-USD.P85,4600.0100pay 0.0013% / 1h48m 29s$3.8M$17.6M25x
ShortSunX BTC-USDT85,423.10.0100get 0.0100% / 8h2h 48m$2.9M$6.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.043% → −0.012%
−$3.15
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.15
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell SunX live order book, 10 min ago0.75 bp4.8 bp −$55.2 bp −$526.9 bp −$6879.5 bp −$4,774
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0111%1h85,432−0.033%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,459−0.001%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0054%8h85,450.4−0.011%$921.0M$760.8M125xas long as short
01 Exchange BTCUSD−0.0032%1h85,469.9+0.012%$381K$2.3M50xas long as short
BloFin BTC-USDT−0.0030%8h85,428.7−0.037%$420.6M$676.4M150xas long as short
Aster BTCUSDT−0.0011%8h85,454.6−0.006%$514.1M$1.10B200xas long as short
Perpl BTC0.0000%43m85,437.8−0.026%$531K$18.8M6.7xas long as short
dYdX BTC-USD+0.0002%1h85,452.6−0.009%$16.8M$21.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,479.3+0.023%$36.5M200xas long as short
Nado BTC-PERP+0.0009%1h85,457.6−0.003%$24.7M$223.8M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0023%1h85,449−0.013%$339K$26.8M52xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,441.7−0.021%$187.6M$954.6M100xas long as short
BingX BTC-USDC+0.0064%8h85,445.1−0.017%$17.3Mas long as short
Bullet BTC-USD+0.0069%1h85,462.7+0.003%$203K$3.3M20xas long as short
Phemex BTCUSDT+0.0071%8h85,431.1−0.034%$149.4M$500.8M150xas long as short
ApeX Omni BTCUSDT+0.0076%1h85,463+0.003%$139.7M$315.4M100xas long as short
Bitget BTCUSDT+0.0081%8h85,468.6+0.010%$2.96B$5.15B150xas long as short
SoDEX BTC-USD+0.0083%1h85,426−0.040%$59.9M$335.9M40xas long as short
Aevo BTC-PERP+0.0088%1h85,424.5−0.042%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0090%8h85,463.6+0.004%$5.08B$5.67B500xas long as short
Binance BTCUSDT+0.0090%8h85,466.4+0.008%$9.45B$24.71B150xas long as short
Lighter BTC+0.0096%1h85,457.4−0.003%$171.9M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,459−0.001%$23.9M$147.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,469+0.011%$8.4M$55.4M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,459.90.000%$117.0M$5.31B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,440−0.023%$238K$8.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,507+0.055%$5.6M$9.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,544+0.098%$3.78B$5.03B40xas long as short
Pacifica BTC+0.0100%1h85,478.7+0.022%$40.1M$595.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,458.3−0.002%$5.18B$9.89B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,475.3+0.018%$2.59B$12.14B100xas long as short
Ondo Perps BTC-USD.Plong+0.0100%1h85,460long leg$3.8M$17.6M25x
Arcus BTC-USD+0.0100%1h85,469.7+0.011%$4.7M$99.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,466.7+0.008%$5.54B$10.81B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,418.7−0.048%$36.6M$175.3M75xas long as short
Variational Omni BTC+0.0100%8h85,453.4−0.008%$154.3M$564.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,371.3−0.104%$279.2M$937.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,475.7+0.018%$214.8M$169.0M50xas long as short
StandX BTC-USD+0.0100%1h85,466.1+0.007%$30.1M$206.2M40xas long as short
Vest BTC-PERP+0.0100%1h85,521.2+0.072%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,464+0.005%$11.1M$14.4M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,428−0.037%$2.5M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,485.9+0.030%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,412.8−0.055%$30.0M$50.3M15xas long as short
SunX BTC-USDTshort+0.0100%8h85,423.1−0.043%$2.9M$6.1M100x
HTX BTC-USDT+0.0100%8h85,425.5−0.040%$2.26B$952.0M200xas long as short
Bulk BTC-USD+0.0100%1h85,429−0.036%$679.8M$655.7M40xas long as short
Extended BTC-USD+0.0104%1h85,439.8−0.024%$45.7M$236.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,472.6+0.015%$106.8M500xas long as short
Reya BTCRUSDPERP+0.0109%1h85,459.60.000%$6.6M$147.3M40xas long as short
Deribit BTC-PERPETUAL+0.0147%1h85,472.6+0.015%$872.2M$1.60B50xas long as short
Kalshi KXBTCPERP+0.0174%8h85,470+0.012%$11.4M$750.0M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,475.1+0.018%$13.0M200xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,506.5+0.054%$695K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0242%1h85,460.30.000%$78K$225K20xas long as short
RISEx BTC/USDC+0.0257%1h85,500.1+0.047%$8.8M$43.1M25xas long as short