BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Binance+0.017%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.017%, 7d avg 0.000%

Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, 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	Binance BTCUSDT	86,792.2	0.0060	pay 0.0060% / 8h	2h 16m	$9.44B	$24.36B	150x
Short	Aster BTCUSDT	86,807	0.0008	get 0.0008% / 8h	2h 16m	$506.9M	$1.16B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$10.9
Price spread: +0.017% → 0.000%: $1.74
Slippage, 4 orders: −$0.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.55
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Aster: live order book, 3 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 Binance live order book, 13 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.7 bp −$567	7.5 bp −$3,742
Sell Aster live order book, 3 min ago	0.01 bp	4.4 bp −$4	5.0 bp −$50	5.7 bp −$572	8.2 bp −$4,079

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
Aftermath Perps BTCUSD	−0.0241%	1h	86,779.3	−0.015%	$85K	$188K	20x	as long as short
Perpl BTC	−0.0223%	43m	86,837.5	+0.052%	$426K	$24.7M	6.7x	as long as short
Phoenix BTC	−0.0103%	1h	86,739	−0.061%	$2.2M	$12.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,814	+0.025%	$9K	$3K	50x	as long as short
dYdX BTC-USD	−0.0062%	1h	86,831.2	+0.045%	$17.6M	$20.6M	50x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,828.3	+0.042%	$362K	$2.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,815.7	+0.027%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0005%	8h	86,799.6	+0.008%	$851.2M	$707.3M	125x	as long as short
Aster BTCUSDTshort	+0.0008%	8h	86,807	+0.017%	$506.9M	$1.16B	200x
Deribit BTC-PERPETUAL	+0.0014%	1h	86,823	+0.035%	$931.7M	$1.47B	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BTCUSDT	+0.0021%	8h	86,781.5	−0.012%	$150.4M	$472.4M	150x	as long as short
Reya BTCRUSDPERP	+0.0021%	1h	86,786.2	−0.007%	$6.8M	$144.4M	40x	as long as short
BingX BTC-USDC	+0.0028%	8h	86,786.8	−0.006%	—	$15.2M	—	as long as short
Bitget BTCUSDT	+0.0036%	8h	86,783.5	−0.010%	$2.96B	$5.08B	150x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,639	−0.177%	$315K	$26.8M	52x	as long as short
MEXC BTC_USDT	+0.0060%	8h	86,792.1	0.000%	$5.19B	$5.71B	500x	as long as short
Binance BTCUSDTlong	+0.0060%	8h	86,792.2	long leg	$9.44B	$24.36B	150x
RISEx BTC/USDC	+0.0063%	1h	86,814.3	+0.025%	$9.2M	$41.8M	25x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,790.2	−0.002%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,795.8	+0.004%	$5.85B	$10.68B	200x	as long as short
Bybit BTCUSDT	+0.0085%	8h	86,790	−0.003%	$5.29B	$9.71B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0088%	8h	86,795.8	+0.004%	$2.56B	$12.76B	100x	as long as short
Lighter BTC	+0.0096%	1h	86,838.6	+0.053%	$172.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,845.6	+0.061%	$24.2M	$154.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,801	+0.010%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,791	−0.001%	$201K	$6.8M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,872.7	+0.093%	$4.8M	$8.2M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,820.8	+0.033%	$21.8M	$235.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,872	+0.092%	$3.83B	$5.12B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,856.9	+0.074%	$41.0M	$494.9M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,814	+0.025%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,874.7	+0.095%	$7.5M	$94.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,792.1	0.000%	$573.3M	$22.0M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,826.2	+0.039%	$38.2M	$148.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,754.4	−0.044%	$159.6M	$567.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,765.9	−0.030%	$280.3M	$952.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,759.3	−0.038%	$217.9M	$187.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,779.4	−0.015%	$141.7M	$322.6M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,754.7	−0.043%	$30.8M	$204.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,862.8	+0.081%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,806	+0.016%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,795	+0.003%	$195K	$3.4M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,809.2	+0.020%	$2.5M	$8.5M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,816.8	+0.028%	$141K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,800.1	+0.009%	$30.1M	$61.8M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,824.2	+0.037%	$3.4M	$5.5M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,782	−0.012%	$60.6M	$336.5M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,785	−0.008%	$2.31B	$959.0M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,770.5	−0.025%	$46.3M	$226.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,816.7	+0.028%	—	$98.9M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0116%	1h	86,815.3	+0.027%	$188.2M	$934.1M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,824.6	+0.037%	$132.1M	$5.86B	50x	as long as short
Kalshi KXBTCPERP	+0.0151%	8h	86,834	+0.048%	$9.8M	$727.3M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0209%	1h	86,810.6	+0.021%	$15.0M	—	200x	as long as short
BloFin BTC-USDT	+0.0180%	8h	86,825.5	+0.038%	$415.9M	$656.5M	150x	as long as short
Hibachi BTC/USDT-P	+0.0208%	1h	86,850.2	+0.067%	$645K	$7.6M	30x	as long as short