Settings8H · net · $10k
Funding arb · Price arb /

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.044%
Price spread now: Aster against Hotstuff0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BTC-PERP86,380−0.0080get 0.0010% / 1h0m 38s$9K$3K50x
ShortAster BTCUSDT86,380.3−0.0008pay 0.0008% / 8h1h 00m$503.0M$1.15B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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
$15.09
Price spread: 0.000% → 0.000%
$0.03
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
$2.12
Costs to cover
0.130%
Break-even
6.0 days
Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Aster live order book, 4 min ago0.01 bp4.0 bp −$45.1 bp −$516.0 bp −$5988.3 bp −$4,139
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin BTC-PERP−0.0417%1h86,381.3+0.002%$140K$663K40xas long as short
Phoenix BTC−0.0159%1h86,366−0.016%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERPlong−0.0080%1h86,380long leg$9K$3K50x
01 Exchange BTCUSD−0.0016%1h86,428.8+0.056%$357K$2.5M50xas long as short
Aster BTCUSDTshort−0.0008%8h86,380.30.000%$503.0M$1.15B200x
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,366.5−0.016%$36.8M200xas long as short
RISEx BTC/USDC+0.0006%1h86,419.7+0.046%$8.4M$42.8M25xas long as short
KuCoin XBTUSDTM+0.0007%8h86,400.9+0.024%$849.6M$713.4M125xas long as short
dYdX BTC-USD+0.0011%1h86,400.8+0.024%$17.0M$21.1M50xas long as short
Reya BTCRUSDPERP+0.0023%1h86,335.7−0.051%$6.7M$145.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BTC/USDC PERP+0.0024%1h86,403+0.027%$332K$26.8M52xas long as short
Deribit BTC-PERPETUAL+0.0034%1h86,386.1+0.007%$916.6M$1.49B50xas long as short
BingX BTC-USDT+0.0038%8h86,411.1+0.036%$1.59Bas long as short
Phemex BTCUSDT+0.0044%8h86,352−0.032%$149.7M$477.5M150xas long as short
Bitget BTCUSDT+0.0049%8h86,409.8+0.034%$2.95B$5.11B150xas long as short
Aevo BTC-PERP+0.0064%1h86,341.2−0.045%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0066%8h86,409.9+0.035%$5.12B$5.73B500xas long as short
Binance BTCUSDT+0.0067%8h86,394.3+0.017%$9.41B$24.49B150xas long as short
Aftermath Perps BTCUSD+0.0073%1h86,382.5+0.003%$79K$220K20xas long as short
Gate BTC_USDT+0.0082%8h86,409.1+0.034%$5.84B$10.79B200xas long as short
Lighter BTC+0.0096%1h86,397.6+0.020%$170.3M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,410.5+0.035%$24.0M$153.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,348−0.037%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0098%8h86,391.5+0.013%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,399+0.022%$204K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,432.6+0.061%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,352.1−0.032%$21.8M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,459+0.091%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,422.2+0.049%$40.8M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,414.3+0.040%$2.54B$12.70B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,414+0.039%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,446.6+0.077%$7.6M$94.6M40xas long as short
Bulk BTC-USD+0.0100%1h86,382.9+0.003%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,380.40.000%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,349.5−0.035%$155.5M$568.5Mas long as short
edgeX BTCUSDC+0.0100%4h86,361.4−0.021%$279.1M$946.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,351.2−0.033%$216.7M$173.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,372.8−0.008%$141.2M$323.4M100xas long as short
StandX BTC-USD+0.0100%1h86,350.7−0.034%$30.6M$204.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,396.4+0.019%$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,343−0.043%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,348.3−0.037%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,355.2−0.029%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,383.6+0.004%$30.5M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,348.9−0.036%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,353−0.031%$60.4M$337.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,340−0.046%$2.29B$968.8M200xas long as short
Extended BTC-USD+0.0104%1h86,392.8+0.015%$45.5M$226.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,361.9−0.021%$98.9M500xas long as short
Perpl BTC+0.0112%43m86,365.6−0.017%$418K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,397+0.020%$131.9M$5.67B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,377.8−0.003%$191.7M$947.0M100xas long as short
Hibachi BTC/USDT-P+0.0152%1h86,397.6+0.020%$718K$8.1M30xas long as short
BloFin BTC-USDT+0.0187%8h86,375−0.006%$414.5M$654.2M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0188% / S −0.0212%1h86,360.3−0.023%$15.1M200xas long as short
Kalshi KXBTCPERP+0.0200%8h86,376−0.005%$9.7M$736.8M6.4xas long as short