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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.008%
Price spread now: Aevo against Aster−0.050%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.282% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.050%, 7d avg −0.017%
Together, before fees−0.123%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.033% cheaper against Aster than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.017%). If the spread goes back, that is −$3 on $10k: about 43 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.020% in total) that is about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT85,748.90.0018pay 0.0018% / 8h5h 18m$516.7M$1.10B200x
ShortAevo BTC-PERP85,705.90.0080get 0.0010% / 1h18m 01s$2.5M$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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
$12.97
Price spread: −0.050% → −0.017%
−$3.31
Slippage, 4 orders
−$4.17
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$18.51
Costs to cover
0.282%
Break-even
17.0 days
Slippage from Aster: live order book, 6 min ago; Aevo: live order book, 1 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 Aster live order book, 6 min ago0.01 bp4.0 bp −$44.1 bp −$415.0 bp −$4976.7 bp −$3,328
Sell Aevo live order book, 1 min ago0.79 bp8.9 bp −$912.2 bp −$12214.1 bp −$1,406doesn't fit

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
Bluefin BTC-PERP−0.0863%1h85,757.7+0.010%$196K$722K40xas long as short
Phoenix BTC−0.0160%1h85,789+0.047%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,768+0.022%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h85,737−0.014%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0034%8h85,764.8+0.019%$416.5M$665.3M150xas long as short
dYdX BTC-USD0.0000%1h85,796.5+0.056%$16.8M$21.2M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,730.5−0.021%$36.6M200xas long as short
KuCoin XBTUSDTM+0.0005%8h85,740.7−0.010%$918.4M$751.3M125xas long as short
Nado BTC-PERP+0.0010%1h85,737.8−0.013%$22.7M$219.7M50xas long as short
Aster BTCUSDTlong+0.0018%8h85,748.9long leg$516.7M$1.10B200x
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0055%8h85,745.8−0.004%$1.53Bas long as short
Bitget BTCUSDT+0.0070%8h85,772+0.027%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0071%1h85,718.6−0.035%$6.7M$146.5M40xas long as short
Deribit BTC-PERPETUAL+0.0078%1h85,756.1+0.008%$891.6M$1.53B50xas long as short
Injective BTC/USDC PERP+0.0079%1h85,807+0.068%$341K$26.9M52xas long as short
Phemex BTCUSDT+0.0079%8h85,737.6−0.013%$148.4M$479.7M150xas long as short
Aevo BTC-PERPshort+0.0080%1h85,705.9−0.050%$2.5M$1.7M20x
HTX BTC-USDT+0.0083%8h85,725−0.028%$2.27B$935.6M200xas long as short
MEXC BTC_USDT+0.0086%8h85,764.8+0.019%$5.06B$5.64B500xas long as short
Binance BTCUSDT+0.0086%8h85,755.2+0.007%$9.36B$23.87B150xas long as short
SunX BTC-USDT+0.0093%8h85,727.5−0.025%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0095%1h85,720−0.034%$60.0M$336.1M40xas long as short
Lighter BTC+0.0096%1h85,743.6−0.006%$170.3M$995.1M50xas long as short
Lighter RH BTC+0.0096%1h85,753.1+0.005%$24.0M$148.8M50xas long as short
Popdex BTCUSDT+0.0096%1h85,731−0.021%$8.4M$52.2M100xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,793.7+0.052%$3.8M$8.2M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,716−0.038%$199K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,820+0.083%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,774.6+0.030%$40.2M$577.3M50xas long as short
Bybit BTCUSDT+0.0100%8h85,763.2+0.017%$5.33B$9.56B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,774.3+0.030%$2.58B$12.11B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,741−0.009%$3.9M$18.0M25xas long as short
Arcus BTC-USD+0.0100%1h85,715.7−0.039%$6.7M$97.5M40xas long as short
Gate BTC_USDT+0.0100%8h85,747.2−0.002%$5.56B$10.55B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,724.8−0.028%$35.2M$173.0M75xas long as short
Variational Omni BTC+0.0100%8h85,772.2+0.027%$155.9M$551.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,770.5+0.025%$280.2M$921.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,717.9−0.036%$215.3M$166.0M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,808.4+0.069%$140.4M$314.6M100xas long as short
StandX BTC-USD+0.0100%1h85,748.2−0.001%$30.3M$209.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,785.3+0.042%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,729−0.023%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,727.8−0.025%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,708.1−0.048%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,713−0.042%$30.0M$50.9M15xas long as short
Bulk BTC-USD+0.0100%1h85,681.9−0.078%$628.9M$439.0M40xas long as short
Extended BTC-USD+0.0104%1h85,750.2+0.001%$44.2M$226.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,779.1+0.035%$106.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,757+0.009%$130.4M$5.09B50xas long as short
RISEx BTC/USDC+0.0120%1h85,767.3+0.021%$8.4M$42.1M25xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,756.4+0.009%$188.8M$951.5M100xas long as short
Aftermath Perps BTCUSD+0.0200%1h85,755+0.007%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,783.5+0.040%$703K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0178%1h85,725.6−0.027%$13.5M200xas long as short
Kalshi KXBTCPERP+0.0218%8h85,760+0.013%$10.5M$758.1M6.4xas long as short
Perpl BTC+0.0447%43m85,788.2+0.046%$509K$19.2M6.7xas long as short