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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRnext payment $0.20 per $10,000 · paid last 24h −0.044%
Price spread now: Jupiter Perps against StandX−0.044%7-day average +0.019% · 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)−0.146%−$15 on $10k
Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.044%, 7d avg +0.019%
Together, before fees−0.101%+ Points / potential airdropStandX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Jupiter Perps is 0.063% cheaper against StandX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,401.30.0100pay 0.0013% / 1h2m 19s$30.1M$207.3M40x
ShortJupiter Perps WBTC-PERP85,363.6L +0.0104% / S +0.0056%pay 0.0007% / 1h2m 19s$104.3M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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
−$32.76
Price spread: −0.044% → +0.019%
−$6.29
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$59.05
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: StandX: 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 StandX live order book, 2 min ago1.00 bp5.5 bp −$57.2 bp −$728.4 bp −$8449.8 bp −$4,895
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
Phoenix BTC−0.0082%1h85,520+0.139%$2.3M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,360−0.048%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0032%8h85,348.3−0.062%$928.2M$773.2M125xas long as short
BloFin BTC-USDT−0.0023%8h85,381.7−0.023%$421.4M$680.9M150xas long as short
Aster BTCUSDT−0.0004%8h85,335.4−0.077%$512.2M$1.09B200xas long as short
01 Exchange BTCUSD0.0000%1h85,358.3−0.050%$352K$2.4M50xas long as short
Perpl BTC0.0000%43m85,392.5−0.010%$492K$18.3M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h85,372.9−0.033%$849.7M$1.64B50xas long as short
dYdX BTC-USD+0.0001%1h85,384.6−0.020%$16.7M$21.0M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,362.3−0.046%$36.5M200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0048%1h85,342.9−0.068%$24.1M$219.7M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,420+0.022%$339K$26.8M52xas long as short
BingX BTC-USDC+0.0074%8h85,317.2−0.098%$17.4Mas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,350.7−0.059%$185.9M$951.9M100xas long as short
Bybit BTCUSDT+0.0091%8h85,333.1−0.080%$5.13B$9.97B150xas long as short
SoDEX BTC-USD+0.0091%1h85,340−0.072%$59.7M$336.6M40xas long as short
Bitget BTCUSDT+0.0091%8h85,340.5−0.071%$2.96B$5.15B150xas long as short
Lighter BTC+0.0096%1h85,353.2−0.056%$169.7M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,350.8−0.059%$23.6M$149.1M50xas long as short
Popdex BTCUSDT+0.0096%1h85,351−0.059%$8.4M$57.2M100xas long as short
Aevo BTC-PERP+0.0096%1h85,340.5−0.071%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,346−0.065%$5.03B$5.79B500xas long as short
Binance BTCUSDT+0.0097%8h85,341.1−0.070%$9.42B$24.87B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,337−0.075%$245K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,392.4−0.010%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,425+0.028%$3.75B$5.06B40xas long as short
Pacifica BTC+0.0100%1h85,383.6−0.021%$40.4M$603.0M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,345−0.066%$2.60B$12.18B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,361−0.047%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,349.3−0.061%$5.1M$96.0M40xas long as short
Gate BTC_USDT+0.0100%8h85,356.6−0.052%$5.54B$11.09B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,351.7−0.058%$37.4M$182.7M75xas long as short
Variational Omni BTC+0.0100%8h85,432.9+0.037%$156.6M$557.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,433.6+0.038%$279.9M$953.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,439+0.044%$214.5M$163.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,433.9+0.038%$139.7M$313.2M100xas long as short
StandX BTC-USDlong+0.0100%1h85,401.3long leg$30.1M$207.3M40x
Vest BTC-PERP+0.0100%1h85,407.8+0.008%$9.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,348−0.062%$11.0M$14.7M50xas long as short
Bullet BTC-USD+0.0100%1h85,346.7−0.064%$198K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,343.5−0.068%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,376.1−0.030%$194K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,383.8−0.021%$30.0M$46.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,352.2−0.058%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,342.7−0.069%$2.26B$963.2M200xas long as short
Phemex BTCUSDT+0.0100%8h85,357.9−0.051%$157.5M$512.3M150xas long as short
Bulk BTC-USD+0.0100%1h85,413.1+0.014%$689.0M$342.5M40xas long as short
Extended BTC-USD+0.0104%1h85,316.6−0.099%$45.2M$240.1M50xas long as short
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0056%1h85,363.6−0.044%$104.3M500x
Coinbase International BTC-PERP-INTX+0.0104%1h85,369−0.038%$112.9M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0135%1h85,336.4−0.076%$6.6M$147.5M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0148%1h85,357−0.052%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0175%8h85,373−0.033%$11.9M$739.1M6.4xas long as short
RISEx BTC/USDC+0.0193%1h85,378.7−0.027%$8.8M$42.7M25xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,443.3+0.049%$685K$7.8M30xas long as short
Aftermath Perps BTCUSD+0.0274%1h85,430.6+0.034%$79K$246K20xas long as short