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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.009%
Price spread now: Extended against Aster−0.028%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.131% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 7 days+0.024%+$2 · spread now −0.028%, 7d avg −0.037%
Together, before fees+0.106%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT86,5050.0000get 0.0000% / 8h35m 08s$501.7M$1.15B200x
ShortExtended BTC-USD86,4810.0104get 0.0013% / 1h35m 08s$45.5M$227.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$21.84
Price spread: −0.028% → −0.037%
$0.94
Slippage, 4 orders
−$0.13
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$9.66
Costs to cover
0.131%
Break-even
3.9 days
Slippage from Aster: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago0.01 bp4.0 bp −$44.6 bp −$464.9 bp −$4867.1 bp −$3,546
Sell Extended live order book, 4 min ago0.06 bp2.6 bp −$32.9 bp −$294.3 bp −$43210.9 bp −$5,473

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−0.0118%1h86,543+0.044%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,515+0.012%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.073%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,531.3+0.030%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0024%1h86,523.9+0.022%$360K$2.5M50xas long as short
Aster BTCUSDTlong0.0000%8h86,505long leg$501.7M$1.15B200x
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,531.4+0.031%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0015%8h86,499.4−0.006%$850.4M$715.2M125xas long as short
Reya BTCRUSDPERP+0.0029%1h86,516+0.013%$6.7M$145.4M40xas long as short
Deribit BTC-PERPETUAL+0.0032%1h86,536.6+0.037%$915.4M$1.48B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX BTC-USD+0.0032%1h86,539+0.039%$17.0M$21.1M50xas long as short
BingX BTC-USDT+0.0042%8h86,498.1−0.008%$1.59Bas long as short
Phemex BTCUSDT+0.0048%8h86,510+0.006%$150.6M$478.9M150xas long as short
Bitget BTCUSDT+0.0052%8h86,489.7−0.018%$2.96B$5.13B150xas long as short
MEXC BTC_USDT+0.0071%8h86,497.2−0.009%$5.16B$5.65B500xas long as short
Binance BTCUSDT+0.0072%8h86,501.5−0.004%$9.43B$24.57B150xas long as short
Aevo BTC-PERP+0.0072%1h86,489.9−0.017%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0082%8h86,505.10.000%$5.87B$10.75B200xas long as short
SoDEX BTC-USD+0.0095%1h86,495−0.012%$60.5M$337.8M40xas long as short
Lighter BTC+0.0096%1h86,502.7−0.003%$170.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,514.1+0.011%$24.0M$151.9M50xas long as short
Popdex BTCUSDT+0.0096%1h86,514+0.010%$8.5M$52.5M100xas long as short
Bybit BTCUSDT+0.0100%8h86,504.90.000%$5.26B$9.82B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,493−0.014%$198K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,541.6+0.042%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,520.2+0.018%$21.8M$234.8M50xas long as short
Hyperliquid BTC+0.0100%1h86,575+0.081%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,547.5+0.049%$40.8M$527.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,513.6+0.010%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,515+0.012%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,552.9+0.055%$7.6M$95.2M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,494.6−0.012%$38.3M$155.1M75xas long as short
Variational Omni BTC+0.0100%8h86,514.5+0.011%$157.4M$567.9Mas long as short
edgeX BTCUSDC+0.0100%4h86,535.4+0.035%$279.5M$947.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,546.5+0.048%$217.3M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,550+0.052%$141.5M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,517.4+0.014%$30.7M$205.0M40xas long as short
Vest BTC-PERP+0.0100%1h86,563.1+0.067%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,512+0.008%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,516+0.013%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,501−0.005%$2.4M$9.0M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,529.1+0.028%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,532.7+0.032%$30.6M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,487.2−0.021%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,499.4−0.006%$2.30B$969.5M200xas long as short
Bulk BTC-USD+0.0100%1h86,562.5+0.066%$572.7M$17.7M40xas long as short
Extended BTC-USDshort+0.0104%1h86,481−0.028%$45.5M$227.3M50x
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,545.7+0.047%$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,524.3+0.022%$194.1M$952.3M100xas long as short
Perpl BTC+0.0112%43m86,534.7+0.034%$416K$23.2M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,540.1+0.041%$132.4M$5.66B50xas long as short
Aftermath Perps BTCUSD+0.0132%1h86,571.4+0.077%$79K$218K20xas long as short
BloFin BTC-USDT+0.0192%8h86,513.4+0.010%$415.5M$658.4M150xas long as short
Hibachi BTC/USDT-P+0.0192%1h86,559.8+0.063%$728K$8.1M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0194% / S −0.0216%1h86,526.1+0.024%$15.0M200xas long as short
Kalshi KXBTCPERP+0.0208%8h86,543+0.044%$9.7M$744.9M6.4xas long as short