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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.7% APRnext payment $0.88 per $10,000 · paid last 24h −0.008%
Price spread now: Aster against MEXC+0.012%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$120.120% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.012%, 7d avg +0.001%
Together, before fees−0.038%+ 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 +0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BTC_USDT85,529.90.0100pay 0.0100% / 8h4h 03m$5.07B$5.66B500x
ShortAster BTCUSDT85,540.10.0012get 0.0012% / 8h4h 03m$515.6M$1.10B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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
−$18.58
Price spread: +0.012% → +0.001%
$1.07
Slippage, 4 orders
−$0.02
Fee MEXC: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
−$29.53
Costs to cover
0.120%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Aster: live order book, 5 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 MEXC live order book, 5 min ago0.01 bp2.0 bp −$22.1 bp −$212.9 bp −$2864.5 bp −$2,231
Sell Aster live order book, 5 min ago0.01 bp4.0 bp −$44.9 bp −$496.3 bp −$63411.2 bp −$5,602

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−0.0179%1h85,531+0.001%$2.1M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,493−0.043%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,499.5−0.036%$365K$2.3M50xas long as short
KuCoin XBTUSDTM−0.0033%8h85,498.2−0.037%$920.0M$751.9M125xas long as short
BloFin BTC-USDT−0.0020%8h85,474.9−0.064%$417.1M$668.9M150xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,515.8−0.016%$36.5M200xas long as short
dYdX BTC-USD+0.0011%1h85,564.7+0.041%$16.8M$21.3M50xas long as short
Aster BTCUSDTshort+0.0012%8h85,540.1+0.012%$515.6M$1.10B200x
Nado BTC-PERP+0.0012%1h85,479.7−0.059%$25.0M$222.0M50xas long as short
Arcus BTC-USD+0.0021%1h85,487.8−0.049%$4.2M$98.3M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP+0.0021%1h85,551.8+0.026%$207K$739K40xas long as short
BingX BTC-USDT+0.0063%8h85,529.90.000%$1.54Bas long as short
Phemex BTCUSDT+0.0074%8h85,516.3−0.016%$148.4M$489.2M150xas long as short
Bitget BTCUSDT+0.0079%8h85,538+0.009%$2.95B$5.08B150xas long as short
Reya BTCRUSDPERP+0.0087%1h85,500.9−0.034%$6.6M$146.8M40xas long as short
Deribit BTC-PERPETUAL+0.0088%1h85,557.6+0.032%$887.7M$1.59B50xas long as short
Lighter BTC+0.0096%1h85,560.3+0.036%$172.2M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h85,550.3+0.024%$23.9M$149.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,500−0.035%$8.4M$53.5M100xas long as short
Aevo BTC-PERP+0.0096%1h85,498.6−0.037%$2.4M$1.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,465−0.076%$210K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,541.1+0.013%$5.2M$9.1M50xas long as short
Hyperliquid BTC+0.0100%1h85,619+0.104%$3.75B$4.99B40xas long as short
Pacifica BTC+0.0100%1h85,511−0.022%$40.2M$581.6M50xas long as short
Binance BTCUSDT+0.0100%8h85,550.1+0.024%$9.37B$24.17B150xas long as short
Bybit BTCUSDT+0.0100%8h85,536.4+0.008%$5.20B$9.80B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,558.9+0.034%$2.58B$12.14B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,484−0.054%$3.8M$17.8M25xas long as short
Bulk BTC-USD+0.0100%1h85,487.5−0.050%$672.1M$698.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,529.1−0.001%$5.52B$10.77B200xas long as short
MEXC BTC_USDTlong+0.0100%8h85,529.9long leg$5.07B$5.66B500x
Backpack BTC_USDC_PERP+0.0100%1h85,496.6−0.039%$35.1M$177.1M75xas long as short
Variational Omni BTC+0.0100%8h85,444.6−0.100%$153.4M$564.2Mas long as short
edgeX BTCUSDC+0.0100%4h85,474.1−0.065%$279.2M$922.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,487.4−0.050%$214.6M$167.9M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,488.3−0.049%$139.8M$314.8M100xas long as short
StandX BTC-USD+0.0100%1h85,473−0.067%$30.2M$208.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,549.3+0.023%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,496−0.040%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,505.5−0.029%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,506−0.028%$2.4M$8.8M100xas long as short
Derive BTC-PERP+0.0100%1h85,496.7−0.039%$30.0M$50.0M15xas long as short
SunX BTC-USDT+0.0100%8h85,460.6−0.081%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,518−0.014%$59.9M$336.1M40xas long as short
HTX BTC-USDT+0.0100%8h85,510.3−0.023%$2.26B$942.7M200xas long as short
Extended BTC-USD+0.0104%1h85,501.8−0.033%$44.6M$230.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h85,488.9−0.048%$107.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,561.9+0.037%$117.6M$5.19B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,556+0.031%$340K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,545.8+0.019%$187.5M$953.7M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0176% / S −0.0151%1h85,514.4−0.018%$13.3M200xas long as short
RISEx BTC/USDC+0.0194%1h85,517.5−0.014%$8.4M$42.7M25xas long as short
Aftermath Perps BTCUSD+0.0216%1h85,500.8−0.034%$78K$220K20xas long as short
Kalshi KXBTCPERP+0.0219%8h85,515−0.017%$10.3M$755.2M6.4xas long as short
Hibachi BTC/USDT-P+0.0248%1h85,503.6−0.031%$701K$7.9M30xas long as short
Perpl BTC+0.0335%43m85,493.6−0.042%$496K$18.7M6.7xas long as short