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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.045%
Price spread now: Jupiter Perps against Pacifica−0.019%7-day average −0.021% · 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 3 days (all we have)−0.142%−$14 on $10k
Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.019%, 7d avg −0.021%
Together, before fees−0.163%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica BTC86,499.90.0100pay 0.0013% / 1h32m 07s$41.0M$505.2M50x
ShortJupiter Perps WBTC-PERP86,483.1L +0.0104% / S +0.0048%pay 0.0006% / 1h32m 07s$98.2M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Pacifica. 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
−$31.08
Price spread: −0.019% → −0.021%
$0.12
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$50.96
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 2 min ago; Jupiter Perps: no order-book sample. 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 Pacifica live order book, 2 min ago0.06 bp4.1 bp −$44.1 bp −$41doesn't fitdoesn't fit
Sell Jupiter Perps no order-book sample
Jupiter 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
Bluefin BTC-PERP−0.0534%1h86,457−0.050%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.147%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0101%1h86,569+0.080%$83K$216K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,461−0.045%$9K$3K50xas long as short
Aster BTCUSDT−0.0010%8h86,440−0.069%$504.4M$1.15B200xas long as short
01 Exchange BTCUSD−0.0008%1h86,476.6−0.027%$358K$2.4M50xas long as short
dYdX BTC-USD−0.0008%1h86,483.7−0.019%$17.1M$20.7M50xas long as short
KuCoin XBTUSDTM−0.0001%8h86,435.5−0.074%$851.5M$708.5M125xas long as short
Perpl BTC0.0000%43m86,500.30.000%$422K$23.8M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,487−0.015%$922.9M$1.48B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,470.9−0.033%$36.8M200xas long as short
RISEx BTC/USDC+0.0006%1h86,465.3−0.040%$8.5M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,427.6−0.084%$6.7M$144.9M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.068%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0032%8h86,464.9−0.040%$149.6M$475.9M150xas long as short
BingX BTC-USDC+0.0034%8h86,414−0.099%$15.3Mas long as short
Bitget BTCUSDT+0.0043%8h86,431.6−0.079%$2.94B$5.08B150xas long as short
Hibachi BTC/USDT-P+0.0048%1h86,530.4+0.035%$730K$8.2M30xas long as short
MEXC BTC_USDT+0.0060%8h86,458−0.048%$5.14B$5.66B500xas long as short
Binance BTCUSDT+0.0060%8h86,451.4−0.056%$9.41B$24.33B150xas long as short
Aevo BTC-PERP+0.0064%1h86,432.2−0.078%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0074%8h86,433−0.077%$5.84B$10.66B200xas long as short
Bybit BTCUSDT+0.0089%8h86,455.3−0.052%$5.27B$9.71B150xas long as short
SoDEX BTC-USD+0.0090%1h86,447−0.061%$60.4M$337.2M40xas long as short
Lighter BTC+0.0096%1h86,460.3−0.046%$171.3M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,475.6−0.028%$24.0M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,462−0.044%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,449−0.059%$200K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,495.1−0.006%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,455.6−0.051%$21.9M$233.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,504+0.005%$3.80B$5.09B40xas long as short
Pacifica BTClong+0.0100%1h86,499.9long leg$41.0M$505.2M50x
OKX BTC-USDT-SWAP+0.0100%8h86,430.7−0.080%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,466−0.039%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,538.1+0.044%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.235%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,432.2−0.078%$38.3M$153.6M75xas long as short
Variational Omni BTC+0.0100%8h86,541.3+0.048%$156.5M$566.0Mas long as short
edgeX BTCUSDC+0.0100%4h86,509.2+0.011%$279.5M$944.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,543.9+0.051%$217.3M$174.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,543.1+0.050%$141.5M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,497.5−0.003%$30.7M$203.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,498−0.002%$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,435−0.075%$11.0M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,446.8−0.061%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,457.1−0.049%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,449.2−0.059%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,462.6−0.043%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,442.7−0.066%$2.29B$965.2M200xas long as short
Extended BTC-USD+0.0104%1h86,432.2−0.078%$46.4M$225.4M50xas long as short
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0048%1h86,483.1−0.019%$98.2M500x
Coinbase International BTC-PERP-INTX+0.0112%1h86,502.9+0.004%$131.7M$5.70B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,498.6−0.001%$191.1M$937.7M100xas long as short
BloFin BTC-USDT+0.0180%8h86,473.2−0.031%$414.5M$651.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0183% / S −0.0216%1h86,463.2−0.042%$15.4M200xas long as short
Kalshi KXBTCPERP+0.0195%8h86,478−0.025%$9.8M$729.6M6.4xas long as short