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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: HTX against SunX+0.004%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.004%, 7d avg −0.004%
Together, before fees−0.035%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT85,248.30.0100pay 0.0100% / 8h1h 47m$2.9M$6.1M100x
ShortHTX BTC-USDT85,251.70.0100get 0.0100% / 8h1h 47m$2.25B$968.9M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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: +0.004% → −0.004%
$0.82
Slippage, 4 orders
−$1.21
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$20.39
Costs to cover
0.212%
Break-even
never at this rate
Slippage from SunX: live order book, 12 min ago; HTX: 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 SunX live order book, 12 min ago0.16 bp5.0 bp −$57.0 bp −$709.2 bp −$92213.6 bp −$6,778
Sell HTX live order book, 2 min ago0.01 bp6.0 bp −$66.1 bp −$617.7 bp −$76910.7 bp −$5,329

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%1h85,370+0.143%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,282+0.040%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0048%8h85,249.7+0.002%$926.3M$772.4M125xas long as short
BloFin BTC-USDT−0.0026%8h85,251.2+0.003%$421.3M$683.5M150xas long as short
Aster BTCUSDT−0.0011%8h85,252.1+0.005%$512.4M$1.09B200xas long as short
dYdX BTC-USD0.0000%1h85,295.6+0.056%$16.7M$21.5M50xas long as short
01 Exchange BTCUSD0.0000%1h85,279.2+0.036%$354K$2.4M50xas long as short
Perpl BTC0.0000%43m85,274.8+0.031%$524K$18.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,270.8+0.026%$36.4M200xas long as short
Deribit BTC-PERPETUAL+0.0040%1h85,297.5+0.058%$864.2M$1.63B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0043%1h85,282.1+0.040%$24.5M$222.6M50xas long as short
Injective BTC/USDC PERP+0.0057%1h85,405+0.184%$339K$26.8M52xas long as short
ApeX Omni BTCUSDT+0.0064%1h85,295.8+0.056%$139.4M$314.6M100xas long as short
BingX BTC-USDT+0.0070%8h85,252.7+0.005%$1.56Bas long as short
Bitget BTCUSDT+0.0088%8h85,248.20.000%$2.95B$5.18B150xas long as short
Kraken Futures PF_XBTUSD+0.0089%1h85,270.3+0.026%$186.7M$956.3M100xas long as short
Binance BTCUSDT+0.0094%8h85,251.5+0.004%$9.42B$24.99B150xas long as short
Phemex BTCUSDT+0.0095%8h85,267.5+0.023%$150.1M$508.7M150xas long as short
MEXC BTC_USDT+0.0095%8h85,258.1+0.011%$5.01B$5.74B500xas long as short
Lighter BTC+0.0096%1h85,267.5+0.023%$170.0M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,267.3+0.022%$23.6M$147.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,269+0.024%$8.3M$56.0M100xas long as short
Aevo BTC-PERP+0.0096%1h85,250.8+0.003%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,242−0.007%$238K$8.6M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,330+0.096%$5.8M$9.6M50xas long as short
Hyperliquid BTC+0.0100%1h85,328+0.093%$3.74B$5.09B40xas long as short
Pacifica BTC+0.0100%1h85,304.7+0.066%$39.9M$602.6M50xas long as short
Bybit BTCUSDT+0.0100%8h85,246.6−0.002%$5.14B$9.99B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,251.7+0.004%$2.60B$12.24B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,267+0.022%$3.8M$17.1M25xas long as short
Arcus BTC-USD+0.0100%1h85,271.1+0.027%$4.6M$98.6M40xas long as short
Gate BTC_USDT+0.0100%8h85,260.7+0.015%$5.49B$10.96B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,245.4−0.003%$36.7M$178.9M75xas long as short
Variational Omni BTC+0.0100%8h85,300.3+0.061%$155.0M$558.9Mas long as short
edgeX BTCUSDC+0.0100%4h85,293.8+0.053%$279.5M$952.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,305.3+0.067%$214.1M$167.2M50xas long as short
StandX BTC-USD+0.0100%1h85,333.2+0.100%$30.1M$205.6M40xas long as short
Vest BTC-PERP+0.0100%1h85,331.4+0.098%$10.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,264+0.018%$11.0M$14.5M50xas long as short
Bullet BTC-USD+0.0100%1h85,259+0.013%$204K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,262.1+0.016%$2.6M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,289.5+0.048%$193K$795K40xas long as short
Derive BTC-PERP+0.0100%1h85,236.1−0.014%$29.9M$47.9M15xas long as short
SunX BTC-USDTlong+0.0100%8h85,248.3long leg$2.9M$6.1M100x
SoDEX BTC-USD+0.0100%1h85,259+0.013%$59.6M$336.9M40xas long as short
HTX BTC-USDTshort+0.0100%8h85,251.7+0.004%$2.25B$968.9M200x
Bulk BTC-USD+0.0100%1h85,294.8+0.054%$682.6M$475.0M40xas long as short
Extended BTC-USD+0.0104%1h85,233.1−0.018%$44.6M$240.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,274.7+0.031%$106.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,297.4+0.058%$116.9M$5.46B50xas long as short
Reya BTCRUSDPERP+0.0124%1h85,253.1+0.006%$6.6M$147.6M40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0175% / S −0.0152%1h85,269.4+0.025%$13.0M200xas long as short
RISEx BTC/USDC+0.0193%1h85,298.4+0.059%$8.7M$43.2M25xas long as short
Kalshi KXBTCPERP+0.0195%8h85,295+0.055%$11.5M$742.8M6.4xas long as short
Hibachi BTC/USDT-P+0.0240%1h85,327.4+0.093%$689K$8.0M30xas long as short
Aftermath Perps BTCUSD+0.0254%1h85,336.1+0.103%$79K$229K20xas long as short