Funding you earn now, next payment 00:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.009%
Price spread now: Aster against Bullet+0.012%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 3 days (all we have)−0.012%−$1 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now +0.012%, 7d avg −0.006%
=Together, before fees−0.035%+ 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 −0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BTC-USD | 86,429 | 0.0100 | pay 0.0013% / 1h | 58m 18s | $190K | $3.3M | 20x |
| Short | Aster BTCUSDT | 86,439.1 | −0.0007 | pay 0.0007% / 8h | 58m 18s | $503.3M | $1.15B | 200x |
Bullet BTC-USD
Aster BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$22.5
- Price spread: +0.012% → −0.006%
- $1.78
- Slippage, 4 orders
- −$2.09
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$38.8
- Costs to cover
- 0.181%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 1 min ago; Aster: live order book, 6 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 Bullet live order book, 1 min ago | 0.41 bp | 5.0 bp −$5 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Aster live order book, 6 min ago | 0.01 bp | 4.0 bp −$4 | 5.1 bp −$51 | 6.0 bp −$598 | 8.3 bp −$4,139 |
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 | −0.0159% | 1h | 86,352 | −0.089% | $2.2M | $11.7M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,416 | −0.015% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,424 | −0.006% | $332K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,447.7 | +0.022% | $8.4M | $42.8M | 25x | as long as short |
| Aster BTCUSDTshort | −0.0007% | 8h | 86,439.1 | +0.012% | $503.3M | $1.15B | 200x | |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,461.2 | +0.037% | $357K | $2.5M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,444.8 | +0.018% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0008% | 8h | 86,439.9 | +0.013% | $849.6M | $713.6M | 125x | as long as short |
| Deribit BTC-PERPETUAL | +0.0022% | 1h | 86,450.9 | +0.025% | $916.9M | $1.49B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0024% | 1h | 86,439.8 | +0.012% | $6.7M | $145.1M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0038% | 8h | 86,420.8 | −0.009% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0042% | 8h | 86,400.4 | −0.033% | $149.7M | $477.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0050% | 8h | 86,418.4 | −0.012% | $2.95B | $5.11B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,409.7 | −0.022% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0067% | 8h | 86,435.6 | +0.008% | $5.12B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0068% | 8h | 86,435.6 | +0.008% | $9.42B | $24.50B | 150x | as long as short |
| Aftermath Perps BTCUSD | +0.0079% | 1h | 86,412.1 | −0.020% | $79K | $220K | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,442.2 | +0.015% | $5.84B | $10.68B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,435.7 | +0.008% | $170.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,442.8 | +0.016% | $24.0M | $151.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,450 | +0.024% | $8.5M | $52.4M | 100x | as long as short |
| dYdX BTC-USD | +0.0098% | 1h | 86,400.8 | −0.033% | $17.0M | $21.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,426.2 | −0.003% | $5.26B | $9.80B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,425 | −0.005% | $203K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,483.4 | +0.063% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,420 | −0.010% | $21.8M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,519 | +0.104% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,461.9 | +0.038% | $41.1M | $521.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,430.1 | +0.001% | $2.54B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,446 | +0.020% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,476 | +0.054% | $7.6M | $94.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,382.9 | −0.053% | $571.1M | $18.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,413 | −0.019% | $37.8M | $154.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,337.9 | −0.105% | $155.6M | $568.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,361.4 | −0.078% | $279.1M | $946.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,348.3 | −0.093% | $216.7M | $173.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,372.8 | −0.065% | $141.2M | $323.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,396.8 | −0.037% | $30.7M | $204.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,484.2 | +0.064% | — | $11.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,448 | +0.022% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USDlong | +0.0100% | 1h | 86,429 | long leg | $190K | $3.3M | 20x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,428.5 | −0.001% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,453.1 | +0.028% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,454 | +0.029% | $30.6M | $62.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,419.1 | −0.011% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,414 | −0.017% | $60.4M | $337.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,388.2 | −0.047% | $2.29B | $969.1M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,396.7 | −0.037% | $45.4M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,460.7 | +0.037% | — | $99.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,438.8 | +0.011% | $192.1M | $947.6M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,453.9 | +0.029% | $418K | $23.4M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,452.9 | +0.028% | $132.1M | $5.68B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,437.8 | +0.010% | $718K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0188% | 8h | 86,418.8 | −0.012% | $414.8M | $654.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0189% / S −0.0213% | 1h | 86,438.9 | +0.011% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0200% | 8h | 86,439 | +0.012% | $9.7M | $737.4M | 6.4x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Aftermath Perps BTCUSD
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
dYdX BTC-USD
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP