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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.003%
Price spread now: SoDEX against Aster−0.068%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$160.164% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.068%, 7d avg −0.006%
Together, before fees−0.120%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.062% cheaper against Aster than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 2.6 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT85,5580.0021pay 0.0021% / 8h5h 41m$515.6M$1.11B200x
ShortSoDEX BTC-USD85,5000.0100get 0.0013% / 1h41m 06s$59.9M$336.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$16.62
Price spread: −0.068% → −0.006%
−$6.22
Slippage, 4 orders
−$0.41
Fee Aster: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$6
Costs to cover
0.164%
Break-even
9.5 days
Slippage from Aster: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago0.01 bp4.0 bp −$44.1 bp −$414.4 bp −$4406.2 bp −$3,101
Sell SoDEX live order book, 3 min ago0.06 bp4.1 bp −$44.1 bp −$415.0 bp −$50542.2 bp −$21.1K

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−0.0160%1h85,485−0.085%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,569+0.013%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,540.4−0.021%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0033%8h85,512.5−0.053%$414.8M$661.8M150xas long as short
dYdX BTC-USD0.0000%1h85,593.3+0.041%$16.7M$20.9M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,527.1−0.036%$36.6M200xas long as short
Nado BTC-PERP+0.0010%1h85,533.6−0.028%$22.7M$221.7M50xas long as short
KuCoin XBTUSDTM+0.0013%8h85,495.6−0.073%$917.9M$749.7M125xas long as short
Aster BTCUSDTlong+0.0021%8h85,558long leg$515.6M$1.11B200x
BingX BTC-USDC+0.0053%8h85,546−0.014%$17.0Mas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0055%1h85,539.9−0.021%$893.3M$1.52B50xas long as short
Reya BTCRUSDPERP+0.0066%1h85,516.5−0.049%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0067%8h85,579.2+0.025%$2.95B$5.02B150xas long as short
HTX BTC-USDT+0.0071%8h85,501.8−0.066%$2.26B$933.1M200xas long as short
Injective BTC/USDC PERP+0.0079%1h85,617+0.069%$340K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,494.2−0.075%$2.4M$1.7M20xas long as short
SunX BTC-USDT+0.0084%8h85,517.4−0.047%$2.9M$6.1M100xas long as short
MEXC BTC_USDT+0.0087%8h85,531.9−0.031%$5.04B$5.60B500xas long as short
Binance BTCUSDT+0.0087%8h85,575+0.020%$9.33B$23.91B150xas long as short
Phemex BTCUSDT+0.0091%8h85,511.7−0.054%$148.2M$478.5M150xas long as short
Lighter BTC+0.0096%1h85,500.9−0.067%$169.4M$987.2M50xas long as short
Lighter RH BTC+0.0096%1h85,519−0.046%$23.9M$147.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,541−0.020%$8.4M$52.0M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,583.3+0.030%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,515−0.050%$203K$7.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,606+0.056%$3.77B$4.94B40xas long as short
Pacifica BTC+0.0100%1h85,579.6+0.025%$40.1M$571.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,582.1+0.028%$5.33B$9.59B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,586.2+0.033%$2.56B$12.12B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,536−0.026%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,514.3−0.051%$7.2M$97.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,562.7+0.005%$616.1M$358.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,570+0.014%$5.55B$10.46B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,518.2−0.047%$35.0M$171.7M75xas long as short
Variational Omni BTC+0.0100%8h85,503.7−0.064%$154.4M$549.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,579.7+0.025%$278.9M$926.5M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,591.1+0.039%$214.8M$164.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,603.5+0.053%$140.0M$316.2M100xas long as short
StandX BTC-USD+0.0100%1h85,631+0.085%$30.3M$211.0M40xas long as short
Vest BTC-PERP+0.0100%1h85,610+0.061%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,528−0.035%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,525−0.039%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,500.4−0.067%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,540.9−0.020%$196K$721K40xas long as short
Derive BTC-PERP+0.0100%1h85,497.1−0.071%$29.9M$52.5M15xas long as short
SoDEX BTC-USDshort+0.0100%1h85,500−0.068%$59.9M$336.2M40x
Extended BTC-USD+0.0104%1h85,467.4−0.106%$44.1M$227.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,664.8+0.125%$106.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,548.4−0.011%$130.8M$5.08B50xas long as short
RISEx BTC/USDC+0.0120%1h85,565.1+0.008%$8.3M$42.2M25xas long as short
Kraken Futures PF_XBTUSD+0.0139%1h85,531.3−0.031%$187.6M$948.0M100xas long as short
Aftermath Perps BTCUSD+0.0195%1h85,571.8+0.016%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,675.7+0.138%$704K$7.9M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0180%1h85,525.7−0.038%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0212%8h85,576+0.021%$10.6M$760.4M6.4xas long as short
Perpl BTC+0.0447%43m85,587+0.034%$522K$19.5M6.7xas long as short