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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: Arcus against StandX+0.043%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.152% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days+0.068%+$7 · spread now +0.043%, 7d avg +0.036%
Together, before fees+0.067%+ Points / potential airdropStandX: Active · farm board+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,786.70.0100pay 0.0013% / 1h8m 30s$30.2M$226.5M40x
ShortArcus BTC-USD85,823.30.0100get 0.0013% / 1h8m 30s$4.9M$91.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against StandX. 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% → +0.036%
$0.7
Slippage, 4 orders
−$2.66
Fee StandX: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$14.46
Costs to cover
0.152%
Break-even
never at this rate
Slippage from StandX: live order book, 4 min ago; Arcus: live order book, 4 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 StandX live order book, 4 min ago0.87 bp5.3 bp −$55.9 bp −$596.6 bp −$6597.8 bp −$3,895
Sell Arcus live order book, 4 min ago0.01 bp2.3 bp −$22.6 bp −$263.7 bp −$372doesn't fit

BTC on 55 exchanges

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−0.0133%1h85,779−0.009%$2.1M$7.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,195+0.476%$8K$2K50xas long as short
BloFin BTC-USDT−0.0043%8h85,800.1+0.016%$421.5M$548.9M150xas long as short
01 Exchange BTCUSD−0.0040%1h85,814.5+0.032%$367K$1.9M50xas long as short
SoDEX BTC-USD−0.0017%1h85,801+0.017%$65.8M$187.7M40xas long as short
Perpl BTC0.0000%43m85,799.2+0.015%$466K$13.4M6.7xas long as short
dYdX BTC-USD0.0000%1h85,844.4+0.067%$16.8M$13.6M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,798.4+0.014%$36.9M200xas long as short
Injective BTC/USDC PERP+0.0009%1h85,788+0.002%$320K$30.2M52xas long as short
Aster BTCUSDT+0.0013%8h85,800+0.016%$510.8M$846.7M200xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0030%1h85,820.8+0.040%$191.9M$751.2M100xas long as short
BingX BTC-USDC+0.0040%8h85,804.1+0.020%$16.1Mas long as short
Popdex BTCUSDT+0.0048%1h85,812+0.030%$8.6M$45.5M100xas long as short
KuCoin XBTUSDTM+0.0052%8h85,832.5+0.053%$940.2M$635.7M125xas long as short
Bybit BTCUSDT+0.0056%8h85,815+0.033%$5.13B$8.04B150xas long as short
HTX BTC-USDT+0.0066%8h85,784.7−0.002%$2.27B$787.1M200xas long as short
Phemex BTCUSDT+0.0071%8h85,810.8+0.028%$169.7M$476.0M150xas long as short
Gate BTC_USDT+0.0072%8h85,836.8+0.058%$5.51B$9.04B200xas long as short
MEXC BTC_USDT+0.0076%8h85,829.6+0.050%$5.15B$4.91B500xas long as short
Binance BTCUSDT+0.0076%8h85,815+0.033%$9.40B$20.28B150xas long as short
Aevo BTC-PERP+0.0080%1h85,782.8−0.005%$2.4M$6.8M20xas long as short
Bitget BTCUSDT+0.0088%8h85,831.9+0.053%$3.00B$3.89B150xas long as short
GRVT BTC_USDT_Perp+0.0091%8h85,780−0.008%$215.5M$132.8M50xas long as short
Bullet BTC-USD+0.0094%1h85,796.8+0.012%$212K$3.2M20xas long as short
Lighter BTC+0.0096%1h85,849.6+0.073%$173.1M$874.2M50xas long as short
Lighter RH BTC+0.0096%1h85,844+0.067%$23.7M$121.7M50xas long as short
Nado BTC-PERP+0.0097%1h85,781.8−0.006%$23.0M$190.6M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,790+0.004%$228K$8.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,864.8+0.091%$5.9M$7.3M50xas long as short
Pacifica BTC+0.0100%1h85,870.5+0.098%$40.0M$571.4M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,822.9+0.042%$2.62B$9.27B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,809+0.026%$3.9M$14.7M25xas long as short
Arcus BTC-USDshort+0.0100%1h85,823.3+0.043%$4.9M$91.5M40x
Bulk BTC-USD+0.0100%1h85,846.4+0.070%$713.8M$100.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,799.9+0.015%$38.0M$194.9M75xas long as short
Variational Omni BTC+0.0100%8h85,758.6−0.033%$155.2M$472.1Mas long as short
edgeX BTCUSDC+0.0100%4h85,762.7−0.028%$289.2M$737.2M100xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,763.4−0.027%$137.7M$288.4M100xas long as short
StandX BTC-USDlong+0.0100%1h85,786.7long leg$30.2M$226.5M40x
Vest BTC-PERP+0.0100%1h85,839.4+0.061%$10.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,796+0.011%$11.0M$11.9M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,799.3+0.015%$2.6M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,829.4+0.050%$143K$607K40xas long as short
SunX BTC-USDT+0.0100%8h85,781.6−0.006%$3.3M$6.7M100xas long as short
Extended BTC-USD+0.0104%1h85,799.8+0.015%$47.0M$192.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,789.6+0.003%$79.8M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h85,849.6+0.073%$112.5M$4.94B50xas long as short
Hyperliquid BTC+0.0147%1h85,917+0.152%$3.94B$4.17B40xas long as short
Kalshi KXBTCPERP+0.0157%8h85,808+0.025%$11.9M$735.3M6.4xas long as short
Reya BTCRUSDPERP+0.0170%1h85,785−0.002%$6.6M$129.1M40xas long as short
RISEx BTC/USDC+0.0187%1h85,806.2+0.023%$9.0M$35.7M25xas long as short
Deribit BTC-PERPETUAL+0.0202%1h85,851.9+0.076%$820.4M$1.50B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0211% / S −0.0250%1h85,780.6−0.007%$15.5M200xas long as short
Hibachi BTC/USDT-P+0.0320%1h85,841.6+0.064%$690K$6.7M30xas long as short
Aftermath Perps BTCUSD+0.0368%1h85,818.8+0.037%$79K$228K20xas long as short