BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.92 per $10,000 · paid last 24h +0.014%

Price spread now: Aster against GRVT+0.002%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$170.173% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.002%, 7d avg −0.002%

Together, before fees−0.022%+ Points / potential airdropGRVT: Active · Aster: 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: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BTC_USDT_Perp	86,427	0.0100	pay 0.0100% / 8h	11m 19s	$217.0M	$172.5M	50x
Short	Aster BTCUSDT	86,428.3	0.0008	get 0.0008% / 8h	11m 19s	$501.3M	$1.15B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$19.37
Price spread: +0.002% → −0.002%: $0.36
Slippage, 4 orders: −$0.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.3
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.01 bp	4.5 bp −$5	4.5 bp −$45	5.6 bp −$560	9.6 bp −$4,809
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	5.1 bp −$515	8.4 bp −$4,211

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	86,462	+0.040%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,422	−0.006%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,345	−0.095%	$332K	$26.9M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,433.4	+0.007%	$8.3M	$42.8M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,433.2	+0.007%	$358K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,463.4	+0.042%	$414K	$22.5M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,438.3	+0.013%	$36.8M	—	200x	as long as short
Aster BTCUSDTshort	+0.0008%	8h	86,428.3	+0.002%	$501.3M	$1.15B	200x
KuCoin XBTUSDTM	+0.0021%	8h	86,437.4	+0.012%	$833.7M	$728.5M	125x	as long as short
Reya BTCRUSDPERP	+0.0035%	1h	86,421.7	−0.006%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0042%	8h	86,406.3	−0.024%	—	$15.4M	—	as long as short
Phemex BTCUSDT	+0.0054%	8h	86,461.6	+0.040%	$150.6M	$478.2M	150x	as long as short
Bitget BTCUSDT	+0.0055%	8h	86,410.5	−0.019%	$2.96B	$5.13B	150x	as long as short
dYdX BTC-USD	+0.0065%	1h	86,456.7	+0.034%	$16.9M	$21.2M	50x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,411.8	−0.018%	$2.5M	$1.4M	20x	as long as short
MEXC BTC_USDT	+0.0073%	8h	86,418.1	−0.010%	$5.16B	$5.69B	500x	as long as short
Binance BTCUSDT	+0.0074%	8h	86,414.1	−0.015%	$9.43B	$24.55B	150x	as long as short
Gate BTC_USDT	+0.0081%	8h	86,421.4	−0.006%	$5.85B	$10.80B	200x	as long as short
Lighter BTC	+0.0096%	1h	86,432.4	+0.006%	$170.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,437.8	+0.012%	$23.9M	$152.7M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,418	−0.010%	$8.5M	$52.3M	100x	as long as short
Bybit BTCUSDT	+0.0099%	8h	86,422.1	−0.006%	$5.26B	$9.79B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,411	−0.019%	$196K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,461.8	+0.040%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,437.5	+0.012%	$21.8M	$234.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,497	+0.081%	$3.79B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,459.2	+0.037%	$41.1M	$535.5M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,429.9	+0.003%	$2.55B	$12.73B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,449	+0.025%	$3.9M	$18.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,463.9	+0.043%	$7.3M	$95.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,449	+0.025%	$572.1M	$12.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,443	+0.019%	$38.0M	$157.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,407.7	−0.022%	$157.0M	$567.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,408.7	−0.021%	$279.1M	$946.0M	100x	as long as short
GRVT BTC_USDT_Perplong	+0.0100%	8h	86,427	long leg	$217.0M	$172.5M	50x
ApeX Omni BTCUSDT	+0.0100%	1h	86,423.1	−0.005%	$141.3M	$323.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,450.5	+0.027%	$30.7M	$206.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,478.7	+0.060%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,424	−0.003%	$11.1M	$13.9M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,427	0.000%	$192K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,415.4	−0.013%	$2.5M	$9.4M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,447.2	+0.023%	$140K	$664K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,449.7	+0.026%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,434.9	+0.009%	$3.4M	$5.3M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,408	−0.022%	$60.4M	$338.0M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,437.9	+0.013%	$2.29B	$968.2M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,397.1	−0.035%	$45.7M	$227.5M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,463.9	+0.043%	—	$100.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,443	+0.019%	$192.8M	$953.2M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,456.3	+0.034%	$132.2M	$5.64B	50x	as long as short
Aftermath Perps BTCUSD	+0.0156%	1h	86,461.8	+0.040%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	86,476.8	+0.058%	$717K	$8.1M	30x	as long as short
BloFin BTC-USDT	+0.0193%	8h	86,431.3	+0.005%	$414.9M	$658.6M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0199% / S −0.0223%	1h	86,434	+0.008%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,478	+0.059%	$10.0M	$750.5M	6.4x	as long as short
Deribit BTC-PERPETUAL	+0.0275%	1h	86,469.1	+0.049%	$912.2M	$1.49B	50x	as long as short