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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:05 UTC−0.0431%/8h= −47.2% APRpaid last 24h +0.035%
Price spread now: Aster against Perpl0.000%7-day average −0.015% · 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 7 days−0.340%−$34 on $10k
Price spread, last 7 days−0.126%−$13 · spread now 0.000%, 7d avg −0.015%
Together, before fees−0.466%+ Points / potential airdropPerpl: Active · Aster: Stage 5 · farm board−$47 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: −$13 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl BTC85,680.20.0447pay 0.0040% / 43m25m 42s$493K$19.0M6.7x
ShortAster BTCUSDT85,680.30.0016get 0.0016% / 8h4h 54m$516.3M$1.10B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Perpl. 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
−$90.51
Price spread: 0.000% → −0.015%
$1.49
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$110.82
Costs to cover
0.218%
Break-even
never at this rate
Slippage unknown: Perpl: 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 Perpl no order-book sample
Sell Aster live order book, 4 min ago0.01 bp4.0 bp −$44.4 bp −$446.6 bp −$65712.5 bp −$6,261
Perpl: 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−0.4407%1h85,725.1+0.052%$194K$725K40xas long as short
Phoenix BTC−0.0160%1h85,659−0.025%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,722+0.049%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,680.9+0.001%$370K$2.3M50xas long as short
BloFin BTC-USDT−0.0032%8h85,685.9+0.007%$417.6M$666.0M150xas long as short
dYdX BTC-USD0.0000%1h85,713.4+0.039%$16.7M$21.2M50xas long as short
KuCoin XBTUSDTM0.0000%8h85,689.3+0.011%$920.5M$750.0M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,696.3+0.019%$36.6M200xas long as short
Aster BTCUSDTshort+0.0016%8h85,680.30.000%$516.3M$1.10B200x
Arcus BTC-USD+0.0021%1h85,666.6−0.016%$6.9M$97.7M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0041%1h85,687.9+0.009%$22.6M$218.8M50xas long as short
BingX BTC-USDC+0.0058%8h85,685+0.006%$17.1Mas long as short
ApeX Omni BTCUSDT+0.0059%1h85,584.6−0.112%$139.9M$315.1M100xas long as short
Bitget BTCUSDT+0.0073%8h85,700.9+0.024%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0076%1h85,675.3−0.006%$6.7M$146.6M40xas long as short
Aevo BTC-PERP+0.0080%1h85,692.2+0.014%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0087%8h85,678.7−0.002%$5.05B$5.57B500xas long as short
Binance BTCUSDT+0.0089%8h85,693.5+0.016%$9.35B$23.95B150xas long as short
Lighter BTC+0.0096%1h85,706.8+0.031%$174.4M$999.5M50xas long as short
Lighter RH BTC+0.0096%1h85,712.8+0.038%$23.9M$147.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,676−0.005%$8.4M$52.5M100xas long as short
HTX BTC-USDT+0.0098%8h85,677.1−0.004%$2.27B$938.2M200xas long as short
SoDEX BTC-USD+0.0099%1h85,687+0.008%$60.0M$336.1M40xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,726.2+0.054%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,655−0.029%$198K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,777+0.113%$3.75B$4.96B40xas long as short
Pacifica BTC+0.0100%1h85,722.3+0.049%$40.1M$576.9M50xas long as short
Bybit BTCUSDT+0.0100%8h85,683+0.003%$5.33B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,681.6+0.002%$2.58B$12.10B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,668−0.014%$3.9M$18.0M25xas long as short
Gate BTC_USDT+0.0100%8h85,702.8+0.026%$5.55B$10.53B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,687+0.008%$36.0M$175.5M75xas long as short
Variational Omni BTC+0.0100%8h85,690.1+0.012%$156.8M$560.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,589.3−0.106%$279.5M$917.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,627.1−0.062%$215.0M$164.8M50xas long as short
StandX BTC-USD+0.0100%1h85,694+0.016%$30.3M$207.8M40xas long as short
Vest BTC-PERP+0.0100%1h85,722.4+0.049%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,674−0.007%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,681.1+0.001%$195K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,688.5+0.010%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h85,690.2+0.012%$30.0M$51.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,687.4+0.008%$2.9M$6.1M100xas long as short
Phemex BTCUSDT+0.0100%8h85,699.1+0.022%$150.6M$482.8M150xas long as short
Bulk BTC-USD+0.0100%1h85,642.1−0.044%$641.7M$524.8M40xas long as short
Extended BTC-USD+0.0104%1h85,682.5+0.003%$44.5M$226.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,691.5+0.013%$106.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,730+0.058%$118.0M$5.14B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,742+0.072%$340K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,706.9+0.031%$189.2M$952.1M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0177% / S −0.0151%1h85,691.2+0.013%$13.4M200xas long as short
Deribit BTC-PERPETUAL+0.0177%1h85,734.2+0.063%$892.0M$1.53B50xas long as short
Hibachi BTC/USDT-P+0.0184%1h85,741.7+0.072%$703K$7.8M30xas long as short
RISEx BTC/USDC+0.0194%1h85,713.3+0.039%$8.4M$42.4M25xas long as short
Aftermath Perps BTCUSD+0.0201%1h85,709.9+0.035%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0219%8h85,719+0.045%$10.6M$759.1M6.4xas long as short
Perpl BTClong+0.0447%43m85,680.2long leg$493K$19.0M6.7x