Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h +0.001%
Price spread now: Aster against Gate−0.018%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.018%, 7d avg +0.003%
=Together, before fees+0.038%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.021% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTC_USDT | 85,541.2 | 0.0100 | pay 0.0100% / 8h | 4h 32m | $5.51B | $10.68B | 200x |
| Short | Aster BTCUSDT | 85,525.5 | 0.0013 | get 0.0013% / 8h | 4h 32m | $515.4M | $1.10B | 200x |
Gate BTC_USDT
Aster BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Gate. 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
- −$18.3
- Price spread: −0.018% → +0.003%
- −$2.12
- Slippage, 4 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$43.44
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Aster: live order book, 2 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 Gate live order book, 2 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 8.4 bp −$839 | 11.0 bp −$5,520 |
| Sell Aster live order book, 2 min ago | 0.01 bp | 4.0 bp −$4 | 5.3 bp −$53 | 6.6 bp −$662 | 13.8 bp −$6,892 |
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 | −0.0179% | 1h | 85,363 | −0.208% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,528 | −0.015% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,506 | −0.041% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0027% | 8h | 85,495.5 | −0.053% | $417.6M | $667.5M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0013% | 8h | 85,513.1 | −0.033% | $920.4M | $750.4M | 125x | as long as short |
| Bluefin BTC-PERP | −0.0013% | 1h | 85,567.6 | +0.031% | $207K | $738K | 40x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,534 | −0.008% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDTshort | +0.0013% | 8h | 85,525.5 | −0.018% | $515.4M | $1.10B | 200x | |
| dYdX BTC-USD | +0.0016% | 1h | 85,489 | −0.061% | $16.7M | $21.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,487.5 | −0.063% | $5.0M | $97.8M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
Bluefin BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0042% | 1h | 85,516.4 | −0.029% | $25.7M | $221.6M | 50x | as long as short |
| BingX BTC-USDT | +0.0061% | 8h | 85,540.7 | −0.001% | — | $1.55B | — | as long as short |
| Bitget BTCUSDT | +0.0076% | 8h | 85,545.9 | +0.005% | $2.95B | $5.06B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0081% | 1h | 85,511 | −0.035% | $6.7M | $146.7M | 40x | as long as short |
| Phemex BTCUSDT | +0.0087% | 8h | 85,521.4 | −0.023% | $148.3M | $486.0M | 150x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,542.8 | +0.002% | $5.07B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0094% | 8h | 85,542.9 | +0.002% | $9.36B | $24.10B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,535.8 | −0.006% | $173.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,541.4 | 0.000% | $23.8M | $148.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,524 | −0.020% | $8.4M | $52.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,522.4 | −0.022% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,484 | −0.067% | $212K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,565.1 | +0.028% | $4.5M | $8.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,615 | +0.086% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,539 | −0.003% | $40.1M | $578.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,534.4 | −0.008% | $5.23B | $9.76B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,545.6 | +0.005% | $2.57B | $12.15B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,502 | −0.046% | $3.9M | $18.1M | 25x | as long as short |
| Gate BTC_USDTlong | +0.0100% | 8h | 85,541.2 | long leg | $5.51B | $10.68B | 200x | |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,530.9 | −0.012% | $35.7M | $176.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,260.9 | −0.328% | $153.4M | $563.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,356.5 | −0.216% | $278.9M | $919.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,388.8 | −0.178% | $214.3M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,399.6 | −0.166% | $139.7M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,390.4 | −0.176% | $30.2M | $207.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,559.8 | +0.022% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,517 | −0.028% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,527.6 | −0.016% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,529.5 | −0.014% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,519.7 | −0.025% | $30.0M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,483.1 | −0.068% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,532 | −0.011% | $59.9M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,525 | −0.019% | $2.26B | $942.2M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,369.3 | −0.201% | $653.8M | $618.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,497.7 | −0.051% | $44.1M | $226.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,523.3 | −0.021% | — | $107.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,572.1 | +0.036% | $116.9M | $5.18B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0119% | 1h | 85,571 | +0.035% | $894.6M | $1.54B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | −0.003% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,554 | +0.015% | $187.6M | $955.8M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,536.8 | −0.005% | $8.3M | $42.5M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,502.6 | −0.045% | $697K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0202% | 1h | 85,467.5 | −0.086% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0178% | 1h | 85,533.6 | −0.009% | $13.4M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,558 | +0.020% | $10.4M | $758.9M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,525.1 | −0.019% | $506K | $18.8M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC