BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h −0.011%

Price spread now: Gate against Aster−0.003%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.003%, 7d avg −0.003%

Together, before fees−0.012%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$2 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	86,523.9	0.0000	pay 0.0000% / 8h	36m 46s	$501.9M	$1.15B	200x
Short	Gate BTC_USDT	86,521.6	0.0083	get 0.0083% / 8h	36m 46s	$5.88B	$10.75B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.003%Rate

Funding earned: $17.43
Price spread: −0.003% → −0.003%: $0.03
Slippage, 4 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.57
Costs to cover: 0.230%
Break-even: 9.2 days

Slippage from Aster: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	0.01 bp	4.0 bp −$4	4.6 bp −$46	4.9 bp −$486	7.1 bp −$3,546
Sell Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	7.5 bp −$75	8.4 bp −$838	10.6 bp −$5,306

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	86,598	+0.086%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,532	+0.009%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,568	+0.051%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,560.7	+0.043%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	86,568.9	+0.052%	$359K	$2.5M	50x	as long as short
Aster BTCUSDTlong	0.0000%	8h	86,523.9	long leg	$501.9M	$1.15B	200x
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,557.6	+0.039%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0014%	8h	86,531.8	+0.009%	$850.6M	$715.3M	125x	as long as short
Reya BTCRUSDPERP	+0.0028%	1h	86,544.7	+0.024%	$6.7M	$145.4M	40x	as long as short
dYdX BTC-USD	+0.0030%	1h	86,582.8	+0.068%	$17.0M	$21.1M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0042%	8h	86,524.9	+0.001%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0046%	8h	86,537.3	+0.015%	$150.6M	$479.1M	150x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,520	−0.005%	$2.96B	$5.13B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0053%	1h	86,572.9	+0.057%	$915.5M	$1.48B	50x	as long as short
MEXC BTC_USDT	+0.0071%	8h	86,521.6	−0.003%	$5.16B	$5.65B	500x	as long as short
Binance BTCUSDT	+0.0072%	8h	86,521.5	−0.003%	$9.43B	$24.58B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,528.4	+0.005%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDTshort	+0.0083%	8h	86,521.6	−0.003%	$5.88B	$10.75B	200x
Lighter BTC	+0.0096%	1h	86,534.2	+0.012%	$170.4M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,546	+0.026%	$24.0M	$151.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,556	+0.037%	$8.5M	$52.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,533	+0.011%	$60.5M	$337.8M	40x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,524.4	+0.001%	$5.26B	$9.82B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,530	+0.007%	$197K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,564	+0.046%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,540.7	+0.019%	$21.8M	$234.9M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,600	+0.088%	$3.80B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,561	+0.043%	$40.8M	$527.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,530.9	+0.008%	$2.55B	$12.75B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,543	+0.022%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,568.1	+0.051%	$7.6M	$95.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,526.3	+0.003%	$38.4M	$155.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,585.8	+0.072%	$157.4M	$570.0M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,532.3	+0.010%	$279.5M	$946.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,600.3	+0.088%	$217.5M	$171.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,533.8	+0.011%	$141.4M	$323.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,558	+0.039%	$30.7M	$204.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,593.4	+0.080%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,553	+0.034%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,544	+0.023%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,543.6	+0.023%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,564.1	+0.046%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,566.7	+0.049%	$30.6M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,525.2	+0.002%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,534.9	+0.013%	$2.30B	$971.0M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,562.5	+0.045%	$572.7M	$17.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,509.3	−0.017%	$45.4M	$227.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,571.7	+0.055%	—	$98.8M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,561.8	+0.044%	$194.2M	$952.4M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,553.3	+0.034%	$416K	$23.2M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,574.8	+0.059%	$132.6M	$5.67B	50x	as long as short
Aftermath Perps BTCUSD	+0.0128%	1h	86,585.6	+0.071%	$79K	$218K	20x	as long as short
BloFin BTC-USDT	+0.0191%	8h	86,533.2	+0.011%	$415.7M	$658.3M	150x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	86,567.2	+0.050%	$728K	$8.1M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0193% / S −0.0215%	1h	86,552.8	+0.033%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0209%	8h	86,577	+0.061%	$9.6M	$744.5M	6.4x	as long as short