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 −0.006%
Price spread now: OKX against StandX−0.034%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 7 days+0.031%+$3 · spread now −0.034%, 7d avg +0.006%
Together, before fees+0.002%+ Points / potential airdropStandX: Active · farm board$0 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: OKX is 0.040% cheaper against StandX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BTC-USD85,466.10.0100pay 0.0013% / 1h49m 16s$30.1M$206.2M40x
ShortOKX BTC-USDT-SWAP85,4370.0100get 0.0100% / 8h2h 49m$2.59B$12.14B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.034% → +0.006%
−$4.02
Slippage, 4 orders
−$2.32
Fee StandX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$24.34
Costs to cover
0.203%
Break-even
never at this rate
Slippage from StandX: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago0.53 bp4.9 bp −$55.7 bp −$577.9 bp −$7859.3 bp −$4,655
Sell OKX live order book, 5 min ago0.01 bp5.0 bp −$55.0 bp −$505.5 bp −$5557.0 bp −$3,492

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%1h85,432−0.040%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,459−0.008%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0054%8h85,422.8−0.051%$921.0M$760.8M125xas long as short
01 Exchange BTCUSD−0.0032%1h85,441.9−0.028%$381K$2.3M50xas long as short
BloFin BTC-USDT−0.0030%8h85,477.4+0.013%$421.3M$677.4M150xas long as short
Aster BTCUSDT−0.0011%8h85,430.4−0.042%$514.0M$1.10B200xas long as short
Perpl BTC0.0000%43m85,435.4−0.036%$532K$18.8M6.7xas long as short
dYdX BTC-USD+0.0003%1h85,452.6−0.016%$16.8M$21.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,447.4−0.022%$36.5M200xas long as short
Nado BTC-PERP+0.0009%1h85,445−0.025%$24.6M$223.8M50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0023%1h85,449−0.020%$339K$26.8M52xas long as short
Kraken Futures PF_XBTUSD+0.0056%1h85,441.7−0.029%$187.6M$954.6M100xas long as short
BingX BTC-USDC+0.0064%8h85,420.3−0.054%$17.3Mas long as short
Bullet BTC-USD+0.0067%1h85,431−0.041%$203K$3.3M20xas long as short
Phemex BTCUSDT+0.0072%8h85,438.9−0.032%$149.5M$500.4M150xas long as short
ApeX Omni BTCUSDT+0.0076%1h85,463−0.004%$139.7M$315.4M100xas long as short
Bitget BTCUSDT+0.0081%8h85,439.1−0.032%$2.95B$5.15B150xas long as short
SoDEX BTC-USD+0.0083%1h85,426−0.047%$59.9M$335.9M40xas long as short
Aevo BTC-PERP+0.0088%1h85,424.5−0.049%$2.4M$6.7M20xas long as short
MEXC BTC_USDT+0.0090%8h85,435.3−0.036%$5.08B$5.66B500xas long as short
Binance BTCUSDT+0.0090%8h85,433.5−0.038%$9.44B$24.71B150xas long as short
Lighter BTC+0.0096%1h85,457.9−0.010%$171.8M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,459.4−0.008%$23.9M$147.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,442−0.028%$8.4M$55.4M100xas long as short
Coinbase International BTC-PERP-INTX+0.0096%1h85,460−0.007%$117.2M$5.31B50xas long as short
Katana Perps BTC-USD+0.0100%8h85,414−0.061%$238K$8.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,515.4+0.058%$5.6M$9.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,518+0.061%$3.78B$5.03B40xas long as short
Pacifica BTC+0.0100%1h85,478+0.014%$40.1M$595.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,432.1−0.040%$5.18B$9.89B150xas long as short
OKX BTC-USDT-SWAPshort+0.0100%8h85,437−0.034%$2.59B$12.14B100x
Ondo Perps BTC-USD.P+0.0100%1h85,421−0.053%$3.8M$17.6M25xas long as short
Arcus BTC-USD+0.0100%1h85,443.1−0.027%$4.7M$99.1M40xas long as short
Gate BTC_USDT+0.0100%8h85,438−0.033%$5.54B$10.80B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,420.5−0.053%$36.6M$175.3M75xas long as short
Variational Omni BTC+0.0100%8h85,453.4−0.015%$154.3M$564.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,371.3−0.111%$279.2M$937.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,475.7+0.011%$214.8M$169.0M50xas long as short
StandX BTC-USDlong+0.0100%1h85,466.1long leg$30.1M$206.2M40x
Vest BTC-PERP+0.0100%1h85,504.5+0.045%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,432−0.040%$11.1M$14.4M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,428−0.045%$2.5M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,485.9+0.023%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,412.8−0.062%$30.0M$50.3M15xas long as short
SunX BTC-USDT+0.0100%8h85,423.1−0.050%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,426.3−0.047%$2.26B$952.3M200xas long as short
Bulk BTC-USD+0.0100%1h85,429−0.043%$679.8M$655.7M40xas long as short
Extended BTC-USD+0.0104%1h85,407.6−0.068%$45.8M$236.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,457.5−0.010%$106.8M500xas long as short
Reya BTCRUSDPERP+0.0109%1h85,427.1−0.046%$6.6M$147.3M40xas long as short
Deribit BTC-PERPETUAL+0.0147%1h85,472.6+0.008%$872.2M$1.60B50xas long as short
Kalshi KXBTCPERP+0.0174%8h85,501+0.041%$11.4M$750.1M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,445.7−0.024%$13.0M200xas long as short
Aftermath Perps BTCUSD+0.0237%1h85,472.2+0.007%$78K$225K20xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,506.5+0.047%$695K$7.9M30xas long as short
RISEx BTC/USDC+0.0257%1h85,469.4+0.004%$8.8M$43.1M25xas long as short