Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Aster+0.001%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.001%, 7d avg +0.007%

Together, before fees+0.039%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,487.9	−0.0001	get 0.0001% / 8h	31m 32s	$501.6M	$1.15B	200x
Short	ApeX Omni BTCUSDT	86,488.9	0.0100	get 0.0013% / 1h	31m 32s	$141.4M	$323.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee AsterbpFee ApeX OmnibpOrdersPrice spread, now +0.001%Rate

Funding earned: $21.11
Price spread: +0.001% → +0.007%: −$0.62
Slippage, 4 orders: −$1.86
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $0.62
Costs to cover: 0.199%
Break-even: 6.8 days

Slippage from Aster: live order book, 3 min ago; ApeX Omni: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.6 bp −$46	4.9 bp −$491	7.2 bp −$3,615
Sell ApeX Omni live order book, 3 min ago	0.92 bp	5.9 bp −$6	5.9 bp −$59	9.4 bp −$942	38.6 bp −$19.3K

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	−0.0118%	1h	86,471	−0.020%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,467	−0.024%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,568	+0.093%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,490.9	+0.003%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,491.8	+0.005%	$358K	$2.5M	50x	as long as short
Aster BTCUSDTlong	−0.0001%	8h	86,487.9	long leg	$501.6M	$1.15B	200x
Deribit BTC-PERPETUAL	+0.0001%	1h	86,510.4	+0.026%	$915.1M	$1.48B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,512.2	+0.028%	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0016%	8h	86,472	−0.018%	$850.4M	$715.5M	125x	as long as short
Reya BTCRUSDPERP	+0.0030%	1h	86,486.2	−0.002%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0042%	8h	86,465.5	−0.026%	—	$15.4M	—	as long as short
Phemex BTCUSDT	+0.0049%	8h	86,484.3	−0.004%	$150.7M	$478.6M	150x	as long as short
dYdX BTC-USD	+0.0051%	1h	86,493.3	+0.006%	$17.0M	$21.1M	50x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,478.2	−0.011%	$2.96B	$5.13B	150x	as long as short
MEXC BTC_USDT	+0.0070%	8h	86,465.1	−0.026%	$5.16B	$5.66B	500x	as long as short
Binance BTCUSDT	+0.0071%	8h	86,483.3	−0.005%	$9.43B	$24.56B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,462.6	−0.029%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,477.5	−0.012%	$5.87B	$10.76B	200x	as long as short
SoDEX BTC-USD	+0.0093%	1h	86,469	−0.022%	$60.5M	$337.8M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,481	−0.008%	$170.3M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,489.9	+0.002%	$24.0M	$151.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,483	−0.006%	$8.5M	$52.4M	100x	as long as short
Bybit BTCUSDT	+0.0099%	8h	86,478.5	−0.011%	$5.26B	$9.81B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,458	−0.035%	$198K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,502.4	+0.017%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,465.1	−0.026%	$21.9M	$234.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,556	+0.079%	$3.80B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,507.6	+0.023%	$40.8M	$527.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,489.5	+0.002%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,490	+0.002%	$3.9M	$18.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,518.5	+0.035%	$7.6M	$95.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,470.3	−0.020%	$38.2M	$155.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,514.5	+0.031%	$157.4M	$567.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,477.1	−0.012%	$279.3M	$947.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,492.7	+0.006%	$217.2M	$171.6M	50x	as long as short
ApeX Omni BTCUSDTshort	+0.0100%	1h	86,488.9	+0.001%	$141.4M	$323.2M	100x
StandX BTC-USD	+0.0100%	1h	86,474.4	−0.016%	$30.7M	$205.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,521.1	+0.038%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,480	−0.009%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,484.7	−0.004%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,496.1	+0.009%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,524.4	+0.042%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,508.8	+0.024%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,482.8	−0.006%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,470.1	−0.021%	$2.29B	$969.8M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,562.5	+0.086%	$572.7M	$17.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,461.2	−0.031%	$45.5M	$227.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,507.2	+0.022%	—	$98.8M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,500.3	+0.014%	$194.0M	$952.2M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,485.1	−0.003%	$416K	$23.1M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,518.8	+0.036%	$132.2M	$5.66B	50x	as long as short
Aftermath Perps BTCUSD	+0.0137%	1h	86,545.1	+0.066%	$79K	$218K	20x	as long as short
BloFin BTC-USDT	+0.0191%	8h	86,490.5	+0.003%	$415.4M	$658.5M	150x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	86,519.9	+0.037%	$728K	$8.1M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0194% / S −0.0217%	1h	86,508.6	+0.024%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0208%	8h	86,519	+0.036%	$9.7M	$745.6M	6.4x	as long as short