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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Vest against SunX+0.023%49s7-day average +0.024% · you sell dearer than you buy
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)−0.037%−$4 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.023%, 7d avg +0.024%
Together, before fees−0.005%+ Points / potential airdropVest: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT85,441.40.0100pay 0.0100% / 8h4h 18m$2.9M$6.1M100x
ShortVest BTC-PERP85,461.40.0100get 0.0013% / 1h18m 24s$11.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.023% → +0.024%
−$0.02
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
−$10.02
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; Vest: 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 SunX live order book, 10 min ago0.01 bp4.7 bp −$55.5 bp −$557.9 bp −$79510.5 bp −$5,268
Sell Vest no order-book sample
Vest: 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−0.0179%1h85,530+0.104%$2.1M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,411−0.036%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,401.2−0.047%$364K$2.3M50xas long as short
KuCoin XBTUSDTM−0.0024%8h85,372.5−0.081%$918.3M$752.0M125xas long as short
BloFin BTC-USDT−0.0022%8h85,447.7+0.007%$416.2M$667.6M150xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,409−0.038%$36.5M200xas long as short
Aster BTCUSDT+0.0011%8h85,391.1−0.059%$514.8M$1.10B200xas long as short
dYdX BTC-USD+0.0013%1h85,408.8−0.038%$16.7M$21.2M50xas long as short
Nado BTC-PERP+0.0018%1h85,388.2−0.062%$25.2M$222.0M50xas long as short
Arcus BTC-USD+0.0021%1h85,397.3−0.052%$4.4M$98.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0062%8h85,399.1−0.050%$1.54Bas long as short
Phemex BTCUSDT+0.0075%8h85,440−0.002%$147.5M$488.2M150xas long as short
Bitget BTCUSDT+0.0078%8h85,400−0.048%$2.94B$5.07B150xas long as short
Reya BTCRUSDPERP+0.0084%1h85,383.4−0.068%$6.7M$146.8M40xas long as short
Lighter BTC+0.0096%1h85,409.4−0.037%$172.3M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,408.9−0.038%$23.8M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,405−0.043%$8.6M$53.2M100xas long as short
Aevo BTC-PERP+0.0096%1h85,444.7+0.004%$2.4M$1.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,401.7−0.046%$5.06B$5.65B500xas long as short
Binance BTCUSDT+0.0098%8h85,394.5−0.055%$9.35B$24.16B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,378−0.074%$211K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,486.7+0.053%$4.9M$9.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,478+0.043%$3.74B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,432.7−0.010%$40.1M$579.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,391.1−0.059%$5.20B$9.80B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,408.6−0.038%$2.58B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,389−0.061%$3.9M$18.2M25xas long as short
Bulk BTC-USD+0.0100%1h85,516+0.087%$659.1M$647.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,398.5−0.050%$5.50B$10.74B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,427−0.017%$35.7M$176.6M75xas long as short
Variational Omni BTC+0.0100%8h85,443.5+0.003%$153.4M$565.7Mas long as short
edgeX BTCUSDC+0.0100%4h85,504+0.073%$279.3M$921.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,513.1+0.084%$214.6M$168.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,457.2+0.019%$139.7M$314.5M100xas long as short
StandX BTC-USD+0.0100%1h85,491.9+0.059%$30.2M$208.2M40xas long as short
Vest BTC-PERPshort+0.0100%1h85,461.4+0.023%$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,394−0.055%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,396−0.053%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,394.2−0.055%$2.4M$8.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,437.7−0.004%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,442.4+0.001%$29.9M$50.3M15xas long as short
SunX BTC-USDTlong+0.0100%8h85,441.4long leg$2.9M$6.1M100x
SoDEX BTC-USD+0.0100%1h85,448+0.008%$59.9M$336.2M40xas long as short
HTX BTC-USDT+0.0100%8h85,450+0.010%$2.26B$942.8M200xas long as short
Extended BTC-USD+0.0104%1h85,390.2−0.060%$44.6M$230.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,408.9−0.038%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,481.6+0.047%$117.2M$5.19B50xas long as short
Deribit BTC-PERPETUAL+0.0149%1h85,493.3+0.061%$891.3M$1.58B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,475+0.039%$339K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,464.2+0.027%$187.5M$955.3M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0152%1h85,405.2−0.042%$13.3M200xas long as short
RISEx BTC/USDC+0.0194%1h85,422.8−0.022%$8.2M$42.5M25xas long as short
Hibachi BTC/USDT-P+0.0216%1h85,497.8+0.066%$703K$7.9M30xas long as short
Kalshi KXBTCPERP+0.0218%8h85,480+0.045%$10.3M$756.2M6.4xas long as short
Aftermath Perps BTCUSD+0.0225%1h85,486.5+0.053%$78K$219K20xas long as short
Perpl BTC+0.0447%43m85,417.3−0.028%$498K$18.8M6.7xas long as short