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−0.0055%/8h= −6.1% APRnext payment $0.55 per $10,000 · paid last 24h −0.007%
Price spread now: Aster against HTX+0.006%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.206%+$21 · spread now +0.006%, 7d avg +0.015%
Together, before fees+0.203%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT85,5750.0074pay 0.0074% / 8h5h 45m$2.27B$931.3M200x
ShortAster BTCUSDT85,579.90.0018get 0.0018% / 8h5h 45m$515.9M$1.11B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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
−$11.61
Price spread: +0.006% → +0.015%
−$0.96
Slippage, 4 orders
−$0.25
Fee HTX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$32.83
Costs to cover
0.203%
Break-even
never at this rate
Slippage from HTX: live order book, 4 min ago; Aster: live order book, 4 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 HTX live order book, 4 min ago0.01 bp6.0 bp −$66.0 bp −$606.0 bp −$6049.3 bp −$4,633
Sell Aster live order book, 4 min ago0.01 bp4.1 bp −$44.9 bp −$496.6 bp −$65613.5 bp −$6,732

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−0.0160%1h85,485−0.105%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,518−0.067%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,566.5−0.010%$367K$2.3M50xas long as short
BloFin BTC-USDT−0.0030%8h85,579.2+0.005%$416.4M$660.4M150xas long as short
dYdX BTC-USD0.0000%1h85,541.1−0.040%$16.7M$20.9M50xas long as short
Nado BTC-PERP+0.0002%1h85,570.3−0.006%$22.6M$221.7M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,575.40.000%$36.6M200xas long as short
KuCoin XBTUSDTM+0.0015%8h85,574.3−0.001%$906.8M$747.1M125xas long as short
Aster BTCUSDTshort+0.0018%8h85,579.9+0.006%$515.9M$1.11B200x
BingX BTC-USDC+0.0053%8h85,602.9+0.033%$17.0Mas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0066%1h85,563−0.014%$6.7M$146.4M40xas long as short
Bitget BTCUSDT+0.0067%8h85,611.3+0.042%$2.95B$5.02B150xas long as short
HTX BTC-USDTlong+0.0074%8h85,575long leg$2.27B$931.3M200x
Injective BTC/USDC PERP+0.0079%1h85,617+0.049%$340K$26.9M52xas long as short
Aevo BTC-PERP+0.0080%1h85,582+0.008%$2.5M$1.7M20xas long as short
Phemex BTCUSDT+0.0083%8h85,581.7+0.008%$148.3M$478.3M150xas long as short
MEXC BTC_USDT+0.0085%8h85,610.1+0.041%$5.05B$5.60B500xas long as short
Binance BTCUSDT+0.0086%8h85,616.1+0.048%$9.34B$23.87B150xas long as short
SunX BTC-USDT+0.0088%8h85,537.4−0.044%$2.9M$6.1M100xas long as short
Lighter BTC+0.0096%1h85,605.1+0.035%$169.5M$986.3M50xas long as short
Lighter RH BTC+0.0096%1h85,594.5+0.023%$23.9M$147.7M50xas long as short
Popdex BTCUSDT+0.0096%1h85,569−0.007%$8.4M$51.7M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,587.1+0.014%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,537−0.044%$205K$7.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,675+0.117%$3.78B$4.94B40xas long as short
Pacifica BTC+0.0100%1h85,563.1−0.014%$40.1M$571.1M50xas long as short
Bybit BTCUSDT+0.0100%8h85,624.2+0.057%$5.34B$9.58B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,615.6+0.047%$2.56B$12.12B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,566−0.011%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,523.9−0.060%$7.2M$97.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,562.7−0.014%$616.1M$358.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,619.9+0.052%$5.55B$10.44B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,605+0.035%$35.0M$171.6M75xas long as short
Variational Omni BTC+0.0100%8h85,485−0.105%$154.0M$550.0Mas long as short
edgeX BTCUSDC+0.0100%4h85,439.2−0.159%$278.7M$931.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,432.8−0.166%$214.5M$161.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,513.3−0.072%$139.9M$316.2M100xas long as short
StandX BTC-USD+0.0100%1h85,470.3−0.122%$30.3M$211.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,597.6+0.026%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,560−0.018%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,570−0.006%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,582+0.008%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,624.3+0.058%$197K$722K40xas long as short
Derive BTC-PERP+0.0100%1h85,581+0.007%$30.0M$52.6M15xas long as short
SoDEX BTC-USD+0.0100%1h85,586+0.013%$59.9M$336.3M40xas long as short
Extended BTC-USD+0.0104%1h85,563.8−0.013%$44.1M$227.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,505−0.082%$105.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,623.1+0.056%$130.9M$5.07B50xas long as short
RISEx BTC/USDC+0.0120%1h85,593.2+0.021%$8.4M$42.2M25xas long as short
Deribit BTC-PERPETUAL+0.0133%1h85,625.1+0.059%$894.3M$1.52B50xas long as short
Kraken Futures PF_XBTUSD+0.0138%1h85,615.9+0.048%$187.4M$948.7M100xas long as short
Aftermath Perps BTCUSD+0.0199%1h85,546.7−0.033%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,464.2−0.129%$698K$7.8M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0180%1h85,5750.000%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0211%8h85,567−0.009%$10.6M$760.0M6.4xas long as short
Perpl BTC+0.0447%43m85,582+0.008%$528K$19.6M6.7xas long as short