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−0.0077%/8h= −8.5% APRnext payment $0.77 per $10,000 · paid last 24h +0.003%
Price spread now: Aster against Bitget+0.014%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as 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+0.001%$0 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.014%, 7d avg +0.002%
Together, before fees−0.019%+ 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 +0.002%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT85,493.50.0081pay 0.0081% / 8h3h 34m$2.95B$5.12B150x
ShortAster BTCUSDT85,505.90.0004get 0.0004% / 8h3h 34m$514.9M$1.10B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
−$16.22
Price spread: +0.014% → +0.002%
$1.26
Slippage, 4 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$34.99
Costs to cover
0.200%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Aster: live order book, 5 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 Bitget live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$606.6 bp −$656doesn't fit
Sell Aster live order book, 5 min ago0.01 bp4.0 bp −$44.1 bp −$415.6 bp −$5567.9 bp −$3,971

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−0.0140%1h85,514+0.024%$2.1M$10.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,542+0.057%$8K$3K50xas long as short
KuCoin XBTUSDTM−0.0041%8h85,506.4+0.015%$918.2M$756.7M125xas long as short
BloFin BTC-USDT−0.0020%8h85,525.2+0.037%$419.5M$675.2M150xas long as short
01 Exchange BTCUSD−0.0008%1h85,511.5+0.021%$364K$2.3M50xas long as short
dYdX BTC-USD+0.0001%1h85,527.6+0.040%$16.8M$21.2M50xas long as short
Aster BTCUSDTshort+0.0004%8h85,505.9+0.014%$514.9M$1.10B200x
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,514+0.024%$36.5M200xas long as short
Nado BTC-PERP+0.0006%1h85,534.1+0.047%$24.7M$222.7M50xas long as short
Deribit BTC-PERPETUAL+0.0019%1h85,536.5+0.050%$884.5M$1.59B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0044%1h85,525+0.037%$339K$26.9M52xas long as short
BingX BTC-USDT+0.0065%8h85,504.9+0.013%$1.54Bas long as short
Phemex BTCUSDT+0.0071%8h85,509.9+0.019%$148.1M$493.6M150xas long as short
Bitget BTCUSDTlong+0.0081%8h85,493.5long leg$2.95B$5.12B150x
SoDEX BTC-USD+0.0088%1h85,509+0.018%$59.9M$336.0M40xas long as short
ApeX Omni BTCUSDT+0.0095%1h85,536.5+0.050%$139.9M$315.7M100xas long as short
Lighter BTC+0.0096%1h85,536.9+0.051%$171.9M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,531.6+0.045%$24.0M$148.4M50xas long as short
Popdex BTCUSDT+0.0096%1h85,509+0.018%$8.4M$55.1M100xas long as short
Aevo BTC-PERP+0.0096%1h85,501.7+0.010%$2.4M$1.7M20xas long as short
Reya BTCRUSDPERP+0.0097%1h85,489.7−0.004%$6.6M$147.0M40xas long as short
Katana Perps BTC-USD+0.0100%8h85,485−0.010%$200K$8.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,573.1+0.093%$5.7M$9.4M50xas long as short
Hyperliquid BTC+0.0100%1h85,588+0.111%$3.79B$5.01B40xas long as short
Pacifica BTC+0.0100%1h85,556.4+0.074%$40.3M$584.0M50xas long as short
Binance BTCUSDT+0.0100%8h85,505+0.013%$9.41B$24.34B150xas long as short
Bybit BTCUSDT+0.0100%8h85,498.9+0.006%$5.18B$9.84B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,516+0.026%$2.59B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,526+0.038%$3.8M$17.7M25xas long as short
Arcus BTC-USD+0.0100%1h85,513.8+0.024%$4.5M$99.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,511.5+0.021%$5.54B$10.79B200xas long as short
MEXC BTC_USDT+0.0100%8h85,500+0.008%$5.07B$5.65B500xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,507.2+0.016%$36.2M$178.9M75xas long as short
Variational Omni BTC+0.0100%8h85,486−0.009%$153.7M$565.7Mas long as short
edgeX BTCUSDC+0.0100%4h85,512.5+0.022%$279.4M$926.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,499.4+0.007%$214.9M$168.9M50xas long as short
StandX BTC-USD+0.0100%1h85,538.4+0.053%$30.2M$207.4M40xas long as short
Vest BTC-PERP+0.0100%1h85,568.4+0.088%$11.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,506+0.015%$11.0M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,502+0.010%$196K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,505.8+0.014%$2.4M$8.7M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,550.4+0.067%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,494+0.001%$30.0M$50.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,504.1+0.012%$2.9M$6.1M100xas long as short
HTX BTC-USDT+0.0100%8h85,499.9+0.007%$2.26B$946.8M200xas long as short
Bulk BTC-USD+0.0100%1h85,580.4+0.102%$679.0M$730.0M40xas long as short
Extended BTC-USD+0.0104%1h85,474.7−0.022%$44.9M$233.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,533.5+0.047%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,545+0.060%$117.4M$5.23B50xas long as short
Kraken Futures PF_XBTUSD+0.0135%1h85,528.3+0.041%$187.7M$954.8M100xas long as short
RISEx BTC/USDC+0.0174%1h85,550.5+0.067%$8.7M$42.9M25xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0153%1h85,514.3+0.024%$13.1M200xas long as short
Kalshi KXBTCPERP+0.0211%8h85,547+0.063%$11.8M$755.1M6.4xas long as short
Hibachi BTC/USDT-P+0.0248%1h85,554.6+0.071%$697K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0252%1h85,544.3+0.059%$78K$221K20xas long as short
Perpl BTC+0.0335%43m85,525.5+0.037%$505K$18.7M6.7xas long as short