Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.022%

Price spread now: edgeX against Aster−0.083%70s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.172% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.083%, 7d avg −0.040%

Together, before fees−0.094%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.044% cheaper against Aster than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.040%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,627	−0.0004	get 0.0004% / 8h	1h 54m	$505.8M	$1.16B	200x
Short	edgeX BTCUSDC	86,554.6	0.0100	get 0.0050% / 4h	1h 54m	$279.5M	$940.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $21.83
Price spread: −0.083% → −0.040%: −$4.4
Slippage, 4 orders: −$0.2
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $0.24
Costs to cover: 0.172%
Break-even: 6.9 days

Slippage from Aster: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago	0.01 bp	4.2 bp −$4	4.3 bp −$43	5.7 bp −$572	7.8 bp −$3,901
Sell edgeX live order book, 5 min ago	0.02 bp	4.5 bp −$5	4.5 bp −$45	4.7 bp −$470	5.7 bp −$2,841

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
Aftermath Perps BTCUSD	−0.0217%	1h	86,636.4	+0.011%	$79K	$197K	20x	as long as short
Phoenix BTC	−0.0103%	1h	86,639	+0.014%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,653	+0.030%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0032%	1h	86,684.5	+0.066%	$17.6M	$20.6M	50x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	86,664.1	+0.043%	$359K	$2.4M	50x	as long as short
Aster BTCUSDTlong	−0.0004%	8h	86,627	long leg	$505.8M	$1.16B	200x
Perpl BTC	0.0000%	43m	86,636.9	+0.011%	$421K	$24.2M	6.7x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,668.5	+0.048%	$926.2M	$1.47B	50x	as long as short
KuCoin XBTUSDTM	+0.0004%	8h	86,629.6	+0.003%	$851.8M	$709.6M	125x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,626.6	0.000%	$36.8M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0006%	1h	86,658.9	+0.037%	$8.5M	$43.3M	25x	as long as short
Hibachi BTC/USDT-P	+0.0008%	1h	86,685.8	+0.068%	$727K	$8.1M	30x	as long as short
Reya BTCRUSDPERP	+0.0022%	1h	86,610.2	−0.019%	$6.7M	$144.6M	40x	as long as short
Injective BTC/USDC PERP	+0.0024%	1h	86,587	−0.046%	$315K	$26.8M	52x	as long as short
Phemex BTCUSDT	+0.0030%	8h	86,642.6	+0.018%	$149.8M	$473.0M	150x	as long as short
BingX BTC-USDT	+0.0030%	8h	86,601.5	−0.029%	—	$1.59B	—	as long as short
Bitget BTCUSDT	+0.0038%	8h	86,620.9	−0.007%	$2.95B	$5.09B	150x	as long as short
Aevo BTC-PERP	+0.0056%	1h	86,646.5	+0.023%	$2.4M	$1.3M	20x	as long as short
MEXC BTC_USDT	+0.0059%	8h	86,620.1	−0.008%	$5.19B	$5.61B	500x	as long as short
Binance BTCUSDT	+0.0060%	8h	86,608.4	−0.021%	$9.43B	$24.39B	150x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,602.5	−0.028%	$5.85B	$10.61B	200x	as long as short
Bybit BTCUSDT	+0.0087%	8h	86,605.6	−0.025%	$5.27B	$9.74B	150x	as long as short
SoDEX BTC-USD	+0.0088%	1h	86,640	+0.015%	$60.5M	$336.7M	40x	as long as short
Nado BTC-PERP	+0.0096%	1h	86,662.7	+0.041%	$21.6M	$234.4M	50x	as long as short
Lighter BTC	+0.0096%	1h	86,674.3	+0.055%	$172.2M	$996.8M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,683.9	+0.066%	$24.1M	$151.5M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,644	+0.020%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,643	+0.019%	$201K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,698.1	+0.082%	$4.8M	$8.3M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,701	+0.085%	$3.81B	$5.08B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,697.7	+0.082%	$41.1M	$499.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,605.5	−0.025%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,643	+0.019%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,724.9	+0.113%	$7.4M	$94.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,590.2	−0.042%	$572.1M	$20.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,646.8	+0.023%	$38.3M	$152.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,582.6	−0.051%	$156.4M	$568.8M	—	as long as short
edgeX BTCUSDCshort	+0.0100%	4h	86,554.6	−0.083%	$279.5M	$940.9M	100x
GRVT BTC_USDT_Perp	+0.0100%	8h	86,561	−0.076%	$217.2M	$183.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,556.4	−0.081%	$141.5M	$322.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,647.8	+0.024%	$30.7M	$203.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,680.9	+0.062%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,632	+0.006%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,607.9	−0.022%	$193K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,614.1	−0.015%	$2.5M	$8.6M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,665.4	+0.044%	$141K	$618K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,638.5	+0.013%	$30.0M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,624.2	−0.003%	$3.4M	$5.5M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,645.2	+0.021%	$2.30B	$960.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,643.2	+0.019%	$46.4M	$226.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,674.6	+0.055%	—	$98.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,677.8	+0.059%	$131.8M	$5.81B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,676.4	+0.057%	$191.5M	$937.5M	100x	as long as short
BloFin BTC-USDT	+0.0180%	8h	86,642.7	+0.018%	$417.2M	$655.6M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0210%	1h	86,619.9	−0.008%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0183%	8h	86,663	+0.042%	$9.7M	$726.6M	6.4x	as long as short