Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.010%

Price spread now: Vest against Aster+0.054%7-day average +0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.054%, 7d avg +0.005%

Together, before fees−0.063%+ Points / potential airdropAster: Stage 5 · Vest: Active · farm board−$6 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 Vest is 0.049% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,474.2	−0.0001	get 0.0001% / 8h	31m 10s	$501.8M	$1.15B	200x
Short	Vest BTC-PERP	86,521.1	0.0100	get 0.0013% / 1h	31m 10s	—	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.054%Rate

Funding earned: $21.11
Price spread: +0.054% → +0.005%: $4.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: $16
Costs to cover: 0.100%
Break-even: 1.7 days

Slippage unknown: Aster: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.

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, 3 min ago	0.01 bp	4.0 bp −$4	4.6 bp −$46	4.9 bp −$491	7.2 bp −$3,615
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	86,471	−0.004%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,467	−0.008%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,568	+0.108%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,490.9	+0.019%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,491.8	+0.020%	$358K	$2.5M	50x	as long as short
Aster BTCUSDTlong	−0.0001%	8h	86,474.2	long leg	$501.8M	$1.15B	200x
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,501.9	+0.032%	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0016%	8h	86,472.9	−0.002%	$850.4M	$715.4M	125x	as long as short
Reya BTCRUSDPERP	+0.0030%	1h	86,486.2	+0.014%	$6.7M	$145.5M	40x	as long as short
BingX BTC-USDC	+0.0042%	8h	86,452.6	−0.025%	—	$15.4M	—	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BTC-PERPETUAL	+0.0045%	1h	86,514.6	+0.047%	$915.1M	$1.48B	50x	as long as short
Phemex BTCUSDT	+0.0049%	8h	86,482.7	+0.010%	$150.7M	$478.6M	150x	as long as short
dYdX BTC-USD	+0.0051%	1h	86,493.3	+0.022%	$17.0M	$21.1M	50x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,463.6	−0.012%	$2.96B	$5.13B	150x	as long as short
MEXC BTC_USDT	+0.0070%	8h	86,470.8	−0.004%	$5.16B	$5.66B	500x	as long as short
Binance BTCUSDT	+0.0071%	8h	86,470.9	−0.004%	$9.43B	$24.57B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,464.8	−0.011%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,468.1	−0.007%	$5.87B	$10.76B	200x	as long as short
SoDEX BTC-USD	+0.0090%	1h	86,469	−0.006%	$60.4M	$337.8M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,480.7	+0.008%	$170.2M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,494.2	+0.023%	$24.0M	$152.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,483	+0.010%	$8.5M	$52.4M	100x	as long as short
Bybit BTCUSDT	+0.0099%	8h	86,468.4	−0.007%	$5.26B	$9.81B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,458	−0.019%	$198K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,502.4	+0.033%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,465.1	−0.011%	$21.9M	$234.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,544	+0.081%	$3.80B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,507.6	+0.039%	$40.8M	$527.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,472.4	−0.002%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,490	+0.018%	$3.9M	$18.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,518.5	+0.051%	$7.6M	$95.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,467.9	−0.007%	$38.2M	$155.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,474.8	+0.001%	$157.5M	$568.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,477.1	+0.003%	$279.3M	$947.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,492.7	+0.021%	$217.2M	$171.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,488.9	+0.017%	$141.4M	$323.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,474.4	0.000%	$30.7M	$205.3M	40x	as long as short
Vest BTC-PERPshort	+0.0100%	1h	86,521.1	+0.054%	—	$11.9M	50x
Polymarket Perps BTC-USD	+0.0100%	1h	86,480	+0.007%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,484.7	+0.012%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,475.5	+0.001%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,508.7	+0.040%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,508.9	+0.040%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,482.8	+0.010%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,462.9	−0.013%	$2.29B	$969.6M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,562.5	+0.102%	$572.7M	$17.7M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,453.6	−0.024%	$45.5M	$227.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,492.4	+0.021%	—	$98.8M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,503.1	+0.033%	$194.0M	$952.2M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,485.1	+0.013%	$416K	$23.1M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,517	+0.049%	$132.3M	$5.66B	50x	as long as short
Aftermath Perps BTCUSD	+0.0139%	1h	86,535.8	+0.071%	$79K	$218K	20x	as long as short
BloFin BTC-USDT	+0.0191%	8h	86,467.5	−0.008%	$415.6M	$658.4M	150x	as long as short
Hibachi BTC/USDT-P	+0.0192%	1h	86,519.9	+0.053%	$728K	$8.1M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0195% / S −0.0217%	1h	86,495.6	+0.025%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0208%	8h	86,507	+0.038%	$9.7M	$745.7M	6.4x	as long as short