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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h +0.003%
Price spread now: Aster against SoDEX+0.021%45s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.165% of the position
Long on SoDEXShort on Aster
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.021%, 7d avg +0.006%
Together, before fees+0.023%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BTC-USD86,5990.0091pay 0.0011% / 1h43m 30s$60.5M$336.9M40x
ShortAster BTCUSDT86,616.8−0.0007pay 0.0007% / 8h1h 43m$505.6M$1.15B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$20.53
Price spread: +0.021% → +0.006%
$1.43
Slippage, 4 orders
−$0.53
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$35.62
Costs to cover
0.165%
Break-even
never at this rate
Slippage from SoDEX: live order book, 1 min ago; Aster: live order book, 6 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 SoDEX live order book, 1 min ago0.06 bp4.1 bp −$44.1 bp −$414.9 bp −$48640.9 bp −$20.5K
Sell Aster live order book, 6 min ago0.01 bp4.4 bp −$45.1 bp −$515.7 bp −$5698.2 bp −$4,118

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−0.1321%1h86,614.6+0.018%$140K$618K40xas long as short
Aftermath Perps BTCUSD−0.0178%1h86,591.6−0.009%$79K$199K20xas long as short
Phoenix BTC−0.0159%1h86,518−0.094%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,623+0.028%$9K$3K50xas long as short
dYdX BTC-USD−0.0014%1h86,635.5+0.042%$17.5M$20.3M50xas long as short
Aster BTCUSDTshort−0.0007%8h86,616.8+0.021%$505.6M$1.15B200x
01 Exchange BTCUSD0.0000%1h86,646.7+0.055%$359K$2.4M50xas long as short
Perpl BTC0.0000%43m86,607.6+0.010%$420K$24.0M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,633.3+0.040%$925.1M$1.47B50xas long as short
KuCoin XBTUSDTM+0.0002%8h86,607.4+0.010%$852.4M$708.0M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,614+0.017%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,629.6+0.035%$8.6M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,582.5−0.019%$6.7M$144.7M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559−0.046%$315K$26.8M52xas long as short
Hibachi BTC/USDT-P+0.0024%1h86,629.6+0.035%$734K$8.1M30xas long as short
Phemex BTCUSDT+0.0025%8h86,592.3−0.008%$149.6M$473.2M150xas long as short
BingX BTC-USDC+0.0031%8h86,617.7+0.022%—$15.3M—as long as short
Bitget BTCUSDT+0.0041%8h86,630.7+0.037%$2.96B$5.07B150xas long as short
Aevo BTC-PERP+0.0056%1h86,591.3−0.009%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,624+0.029%$5.19B$5.63B500xas long as short
Binance BTCUSDT+0.0060%8h86,627.9+0.033%$9.43B$24.30B150xas long as short
Gate BTC_USDT+0.0084%8h86,619.1+0.023%$5.86B$10.63B200xas long as short
Bybit BTCUSDT+0.0090%8h86,628.9+0.034%$5.28B$9.70B150xas long as short
SoDEX BTC-USDlong+0.0091%1h86,599long leg$60.5M$336.9M40x
Lighter BTC+0.0096%1h86,627.9+0.033%$172.4M$999.8M50xas long as short
Lighter RH BTC+0.0096%1h86,640.6+0.048%$24.1M$151.8M50xas long as short
Popdex BTCUSDT+0.0096%1h86,625+0.030%$8.5M$52.1M100xas long as short
Nado BTC-PERP+0.0099%1h86,606.4+0.008%$21.8M$233.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h86,613+0.016%$206K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,669.4+0.081%$4.8M$8.3M50xas long as short
Hyperliquid BTC+0.0100%1h86,694+0.110%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,653.1+0.062%$40.9M$504.7M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,628.6+0.034%$2.55B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,640+0.047%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,702.2+0.119%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,527.4−0.083%$571.7M$19.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,594.2−0.006%$38.4M$153.1M75xas long as short
Variational Omni BTC+0.0100%8h86,560.2−0.045%$156.7M$569.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,583.1−0.018%$279.6M$943.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,610.1+0.013%$217.3M$177.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,623.7+0.029%$141.6M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,593.7−0.006%$30.7M$203.0M40xas long as short
Vest BTC-PERP+0.0100%1h86,646.1+0.054%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,602+0.003%$11.1M$13.5M50xas long as short
Bullet BTC-USD+0.0100%1h86,598.3−0.001%$193K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,599.20.000%$2.5M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,595.4−0.004%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,593.2−0.007%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,592.7−0.007%$2.30B$958.6M200xas long as short
Extended BTC-USD+0.0104%1h86,615.3+0.019%$46.4M$224.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,609.7+0.012%—$98.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,642.9+0.051%$131.8M$5.73B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,634.1+0.041%$191.4M$936.5M100xas long as short
BloFin BTC-USDT+0.0179%8h86,599.9+0.001%$415.4M$653.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0208%1h86,609.7+0.012%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0190%8h86,622+0.027%$9.6M$726.2M6.4xas long as short