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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: StandX against SoDEX+0.007%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.190% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.018%+$2 on $10k
Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.007%, 7d avg −0.004%
Together, before fees+0.015%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BTC-USD85,5170.0100pay 0.0013% / 1h17m 07s$59.9M$336.8M40x
ShortStandX BTC-USD85,5230.0100get 0.0013% / 1h17m 07s$30.1M$205.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against SoDEX. 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: +0.007% → −0.004%
$1.12
Slippage, 4 orders
−$3.04
Fee SoDEX: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$17.92
Costs to cover
0.190%
Break-even
never at this rate
Slippage from SoDEX: live order book, 2 min ago; StandX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 2 min ago0.06 bp4.1 bp −$44.1 bp −$415.3 bp −$53043.1 bp −$21.5K
Sell StandX live order book, 2 min ago1.46 bp5.5 bp −$56.7 bp −$677.8 bp −$77910.0 bp −$5,009

BTC on 55 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−0.0082%1h85,513−0.005%$2.2M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,511−0.007%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0039%8h85,516.2−0.001%$929.7M$775.3M125xas long as short
BloFin BTC-USDT−0.0022%8h85,517.20.000%$420.1M$682.9M150xas long as short
Aster BTCUSDT−0.0004%8h85,510.5−0.008%$513.6M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,533.4+0.019%$353K$2.4M50xas long as short
Perpl BTC0.0000%43m85,539.1+0.026%$490K$18.4M6.7xas long as short
dYdX BTC-USD+0.0001%1h85,517.7+0.001%$16.8M$21.2M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,530.2+0.015%$36.6M200xas long as short
Nado BTC-PERP+0.0041%1h85,515.4−0.002%$24.3M$222.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex BTCUSDT+0.0048%1h85,528+0.013%$8.4M$56.6M100xas long as short
Deribit BTC-PERPETUAL+0.0049%1h85,551.3+0.040%$861.5M$1.63B50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,247−0.316%$338K$26.8M52xas long as short
BingX BTC-USDT+0.0073%8h85,513.9−0.004%$1.57Bas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,531.3+0.017%$186.2M$960.0M100xas long as short
Bitget BTCUSDT+0.0091%8h85,518.3+0.002%$2.97B$5.17B150xas long as short
Lighter BTC+0.0096%1h85,532.6+0.018%$170.2M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,533.2+0.019%$23.6M$148.4M50xas long as short
MEXC BTC_USDT+0.0096%8h85,517.10.000%$5.03B$5.77B500xas long as short
Aevo BTC-PERP+0.0096%1h85,513.5−0.004%$2.4M$6.7M20xas long as short
Binance BTCUSDT+0.0098%8h85,5170.000%$9.43B$24.99B150xas long as short
Bybit BTCUSDT+0.0099%8h85,509−0.009%$5.15B$10.00B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,502−0.018%$243K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,570.9+0.063%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,600+0.097%$3.75B$5.08B40xas long as short
Pacifica BTC+0.0100%1h85,553.1+0.042%$40.1M$603.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,518.1+0.001%$2.60B$12.27B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,527+0.012%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,514.7−0.003%$5.1M$97.4M40xas long as short
Bulk BTC-USD+0.0100%1h85,499.5−0.020%$686.3M$379.3M40xas long as short
Gate BTC_USDT+0.0100%8h85,519.2+0.003%$5.57B$11.06B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,508.4−0.010%$37.3M$179.2M75xas long as short
Variational Omni BTC+0.0100%8h85,463.4−0.063%$155.5M$557.6Mas long as short
edgeX BTCUSDC+0.0100%4h85,506.8−0.012%$280.1M$952.9M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,525+0.009%$214.7M$164.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,499.2−0.021%$139.8M$313.4M100xas long as short
StandX BTC-USDshort+0.0100%1h85,523+0.007%$30.1M$205.6M40x
Vest BTC-PERP+0.0100%1h85,588.4+0.084%$10.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,523+0.007%$11.0M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,523.1+0.007%$201K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,519.4+0.003%$2.6M$9.7M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,561.9+0.053%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,5170.000%$2.9M$6.1M100xas long as short
SoDEX BTC-USDlong+0.0100%1h85,517long leg$59.9M$336.8M40x
HTX BTC-USDT+0.0100%8h85,514.7−0.003%$2.26B$966.7M200xas long as short
Phemex BTCUSDT+0.0100%8h85,524.3+0.009%$154.5M$512.1M150xas long as short
Extended BTC-USD+0.0104%1h85,493.3−0.028%$44.9M$240.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,529+0.014%$104.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,550.6+0.039%$114.5M$5.50B50xas long as short
Reya BTCRUSDPERP+0.0131%1h85,513−0.005%$6.6M$147.7M40xas long as short
Kalshi KXBTCPERP+0.0184%8h85,540+0.027%$12.0M$742.0M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,546.2+0.034%$8.8M$42.7M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0200% / S −0.0176%1h85,529.2+0.014%$13.1M200xas long as short
Hibachi BTC/USDT-P+0.0224%1h85,537.7+0.024%$685K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0249%1h85,501.9−0.018%$79K$230K20xas long as short