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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.5% APRnext payment +$0.69 per $10,000 · paid last 24h +0.007%
Price spread now: HTX against Aster−0.019%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.200% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.019%, 7d avg −0.016%
Together, before fees−0.017%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT86,291.50.0031pay 0.0031% / 8h7h 15m$500.4M$1.13B200x
ShortHTX BTC-USDT86,274.70.0100get 0.0100% / 8h7h 15m$2.29B$959.1M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$14.43
Price spread: −0.019% → −0.016%
−$0.34
Slippage, 4 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$5.93
Costs to cover
0.200%
Break-even
9.9 days
Slippage from Aster: live order book, 4 min ago; HTX: 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 −$44.2 bp −$425.0 bp −$5036.7 bp −$3,372
Sell HTX live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$607.1 bp −$71311.3 bp −$5,638

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−0.0129%1h86,239−0.061%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,299+0.009%$9K$3K50xas long as short
Bluefin BTC-PERP−0.0049%1h86,329.8+0.044%$144K$667K40xas long as short
01 Exchange BTCUSD−0.0040%1h86,286.3−0.006%$363K$2.3M50xas long as short
Perpl BTC0.0000%43m86,286.3−0.006%$538K$21.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,307.7+0.019%$36.9M200xas long as short
dYdX BTC-USD+0.0023%1h86,288.1−0.004%$16.9M$20.5M50xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358+0.077%$343K$26.9M52xas long as short
Aster BTCUSDTlong+0.0031%8h86,291.5long leg$500.4M$1.13B200x
KuCoin XBTUSDTM+0.0043%8h86,291−0.001%$831.6M$718.4M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0048%1h86,289−0.003%$6.7M$145.8M40xas long as short
BingX BTC-USDT+0.0051%8h86,300+0.010%$1.58Bas long as short
RISEx BTC/USDC+0.0052%1h86,287.3−0.005%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0065%8h86,300.3+0.010%$2.97B$5.05B150xas long as short
SoDEX BTC-USD+0.0078%1h86,305+0.016%$60.4M$338.2M40xas long as short
Aevo BTC-PERP+0.0080%1h86,292.5+0.001%$2.5M$1.8M20xas long as short
MEXC BTC_USDT+0.0083%8h86,290.9−0.001%$5.10B$5.74B500xas long as short
Binance BTCUSDT+0.0084%8h86,296.7+0.006%$9.40B$24.32B150xas long as short
Lighter BTC+0.0096%1h86,288.3−0.004%$170.5M$990.6M50xas long as short
Lighter RH BTC+0.0096%1h86,291.30.000%$23.6M$151.6M50xas long as short
Popdex BTCUSDT+0.0096%1h86,283−0.010%$8.4M$52.1M100xas long as short
Gate BTC_USDT+0.0099%8h86,300.7+0.011%$5.77B$10.61B200xas long as short
Katana Perps BTC-USD+0.0100%8h86,259−0.038%$196K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,308.5+0.020%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,275.1−0.019%$22.0M$227.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,362+0.082%$3.78B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,315.1+0.027%$40.6M$558.6M50xas long as short
Bybit BTCUSDT+0.0100%8h86,300+0.010%$5.26B$9.64B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,311.2+0.023%$2.57B$12.46B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,280−0.013%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,304.8+0.015%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.169%$580.3M$59.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,244.5−0.054%$35.7M$160.6M75xas long as short
Variational Omni BTC+0.0100%8h86,226.1−0.076%$156.7M$559.2Mas long as short
edgeX BTCUSDC+0.0100%4h86,200.2−0.106%$278.4M$953.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,212.1−0.092%$216.4M$165.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,240.1−0.060%$141.3M$320.8M100xas long as short
StandX BTC-USD+0.0100%1h86,233.9−0.067%$30.6M$208.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,318.1+0.031%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,288−0.004%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,295.1+0.004%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,294.9+0.004%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,318.4+0.031%$30.3M$56.9M15xas long as short
SunX BTC-USDT+0.0100%8h86,257.2−0.040%$3.3M$5.4M100xas long as short
HTX BTC-USDTshort+0.0100%8h86,274.7−0.019%$2.29B$959.1M200x
Phemex BTCUSDT+0.0100%8h86,305.1+0.016%$155.2M$473.1M150xas long as short
Extended BTC-USD+0.0104%1h86,281−0.012%$46.0M$222.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,278.2−0.015%$99.1M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,345.8+0.063%$132.3M$5.32B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,337.2+0.053%$191.4M$947.1M100xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,254.4−0.043%$712K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0168%1h86,314.8+0.027%$77K$217K20xas long as short
BloFin BTC-USDT+0.0203%8h86,184.8−0.124%$415.3M$641.0M150xas long as short
Kalshi KXBTCPERP+0.0204%8h86,277−0.017%$10.5M$765.8M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,303.2+0.014%$14.5M200xas long as short
Deribit BTC-PERPETUAL+0.0226%1h86,352.3+0.070%$902.2M$1.51B50xas long as short