Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.009%

Price spread now: StandX against Aster+0.068%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.068%, 7d avg −0.006%

Together, before fees−0.026%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.073% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,543.4	0.0009	pay 0.0009% / 8h	2h 38m	$505.4M	$1.16B	200x
Short	StandX BTC-USD	86,602	0.0100	get 0.0013% / 1h	38m 36s	$30.8M	$205.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $19.19
Price spread: +0.068% → −0.006%: $7.32
Slippage, 4 orders: −$4.06
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: $6.46
Costs to cover: 0.201%
Break-even: 4.6 days

Slippage from Aster: live order book, 6 min ago; StandX: live order book, 1 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, 6 min ago	0.01 bp	5.3 bp −$5	5.6 bp −$56	5.9 bp −$590	7.5 bp −$3,726
Sell StandX live order book, 1 min ago	0.75 bp	5.4 bp −$5	5.9 bp −$59	6.8 bp −$680	8.2 bp −$4,092

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
Perpl BTC	−0.0223%	43m	86,583.4	+0.046%	$429K	$24.9M	6.7x	as long as short
Aftermath Perps BTCUSD	−0.0219%	1h	86,610.4	+0.077%	$85K	$188K	20x	as long as short
Phoenix BTC	−0.0103%	1h	86,607	+0.073%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0100%	1h	86,558	+0.017%	$17.6M	$20.5M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,514	−0.034%	$9K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0001%	8h	86,525.1	−0.021%	$844.5M	$707.5M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,578.8	+0.041%	$361K	$2.4M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,566.2	+0.026%	$936.5M	$1.43B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,571.8	+0.033%	$36.6M	—	200x	as long as short
Aster BTCUSDTlong	+0.0009%	8h	86,543.4	long leg	$505.4M	$1.16B	200x

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0021%	1h	86,537.1	−0.007%	$6.7M	$144.2M	40x	as long as short
BingX BTC-USDT	+0.0022%	8h	86,543.2	0.000%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0026%	8h	86,530.7	−0.015%	$149.6M	$470.7M	150x	as long as short
Bitget BTCUSDT	+0.0028%	8h	86,539.9	−0.004%	$2.94B	$5.07B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,539.9	−0.004%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,732	+0.218%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0050%	8h	86,535.1	−0.010%	$5.19B	$5.66B	500x	as long as short
Binance BTCUSDT	+0.0050%	8h	86,554	+0.012%	$9.43B	$24.30B	150x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,554.3	+0.013%	$9.3M	$41.9M	25x	as long as short
Gate BTC_USDT	+0.0068%	8h	86,544.8	+0.002%	$5.84B	$10.61B	200x	as long as short
OKX BTC-USDT-SWAP	+0.0068%	8h	86,567.6	+0.028%	$2.56B	$12.68B	100x	as long as short
Bybit BTCUSDT	+0.0079%	8h	86,552.7	+0.011%	$5.27B	$9.66B	150x	as long as short
Variational Omni BTC	+0.0091%	8h	86,619.6	+0.088%	$160.0M	$567.4M	—	as long as short
Lighter BTC	+0.0096%	1h	86,530.6	−0.015%	$171.9M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,538.2	−0.006%	$24.0M	$153.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,554	+0.012%	$8.5M	$52.1M	100x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,566.6	+0.027%	$4.8M	$8.2M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,541	−0.003%	$196K	$6.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,520	−0.027%	$21.7M	$235.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,591	+0.055%	$3.82B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,564.3	+0.024%	$41.2M	$490.3M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,540	−0.004%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,608	+0.075%	$7.4M	$93.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,606.9	+0.073%	$571.9M	$22.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,527.3	−0.019%	$38.0M	$148.2M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,603.7	+0.070%	$279.8M	$949.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,620.3	+0.089%	$217.5M	$188.3M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,631.1	+0.101%	$141.6M	$323.0M	100x	as long as short
StandX BTC-USDshort	+0.0100%	1h	86,602	+0.068%	$30.8M	$205.7M	40x
Vest BTC-PERP	+0.0100%	1h	86,630.5	+0.101%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,552	+0.010%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,550	+0.008%	$193K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,555.5	+0.014%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,561.7	+0.021%	$140K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,552.3	+0.010%	$30.0M	$61.7M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,572.6	+0.034%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,535	−0.010%	$60.4M	$336.4M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,530.7	−0.015%	$2.30B	$956.7M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,528	−0.018%	$46.4M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,568.3	+0.029%	—	$98.2M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	86,567.1	+0.027%	$190.4M	$930.3M	100x	as long as short
Kalshi KXBTCPERP	+0.0120%	8h	86,578	+0.040%	$8.8M	$723.8M	6.4x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,578.9	+0.041%	$131.9M	$5.86B	50x	as long as short
BloFin BTC-USDT	+0.0171%	8h	86,555	+0.013%	$416.9M	$646.9M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0185%	1h	86,566.8	+0.027%	$14.9M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0224%	1h	86,648.2	+0.121%	$602K	$7.2M	30x	as long as short