Settings8H · net · $10k
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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 00:00 UTC−0.0092%/8h= −10.0% APRnext payment −$0.92 per $10,000 · paid last 24h −0.010%
Price spread now: Aster against SunX+0.012%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Long on SunXShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.012%, 7d avg +0.011%
Together, before fees+0.056%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,796.50.0100pay 0.0100% / 8h2h 16m$3.4M$5.5M100x
ShortAster BTCUSDT86,8070.0008get 0.0008% / 8h2h 16m$506.9M$1.16B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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
−$19.23
Price spread: +0.012% → +0.011%
$0.1
Slippage, 4 orders
−$2.04
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$37.16
Costs to cover
0.180%
Break-even
never at this rate
Slippage from SunX: live order book, 12 min ago; Aster: live order book, 2 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 SunX live order book, 12 min ago0.49 bp4.5 bp −$45.4 bp −$547.9 bp −$78510.7 bp −$5,341
Sell Aster live order book, 2 min ago0.01 bp4.4 bp −$45.0 bp −$505.7 bp −$5728.2 bp −$4,079

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
Aftermath Perps BTCUSD−0.0240%1h86,766−0.035%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,808.3+0.014%$428K$24.7M6.7xas long as short
Phoenix BTC−0.0103%1h86,739−0.066%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,790−0.007%$9K$3K50xas long as short
dYdX BTC-USD−0.0062%1h86,831.2+0.040%$17.6M$20.6M50xas long as short
01 Exchange BTCUSD0.0000%1h86,810.9+0.017%$363K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,850.3+0.062%$932.2M$1.46B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,839.2+0.049%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,819+0.026%$851.4M$707.3M125xas long as short
Aster BTCUSDTshort+0.0008%8h86,807+0.012%$506.9M$1.16B200x
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BTCUSDT+0.0021%8h86,821.3+0.029%$150.5M$472.4M150xas long as short
Reya BTCRUSDPERP+0.0021%1h86,792.1−0.005%$6.8M$144.4M40xas long as short
BingX BTC-USDT+0.0028%8h86,806.5+0.012%—$1.60B—as long as short
Bitget BTCUSDT+0.0036%8h86,806.7+0.012%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.181%$315K$26.8M52xas long as short
MEXC BTC_USDT+0.0060%8h86,822.4+0.030%$5.20B$5.71B500xas long as short
Binance BTCUSDT+0.0060%8h86,826+0.034%$9.45B$24.36B150xas long as short
RISEx BTC/USDC+0.0063%1h86,814.3+0.021%$9.2M$41.8M25xas long as short
Aevo BTC-PERP+0.0064%1h86,818.4+0.025%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0082%8h86,823.5+0.031%$5.86B$10.68B200xas long as short
Bybit BTCUSDT+0.0085%8h86,821.1+0.028%$5.29B$9.71B150xas long as short
OKX BTC-USDT-SWAP+0.0087%8h86,836.5+0.046%$2.56B$12.76B100xas long as short
Lighter BTC+0.0096%1h86,838.6+0.049%$172.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,845.6+0.057%$24.2M$154.1M50xas long as short
Popdex BTCUSDT+0.0096%1h86,795−0.002%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,782−0.017%$202K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,872.7+0.088%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,776−0.024%$21.8M$235.4M50xas long as short
Hyperliquid BTC+0.0100%1h86,892+0.110%$3.83B$5.12B40xas long as short
Pacifica BTC+0.0100%1h86,856.9+0.070%$41.0M$494.9M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,814+0.020%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,874.7+0.090%$7.5M$94.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,792.1−0.005%$573.3M$22.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,826.2+0.034%$38.2M$148.7M75xas long as short
Variational Omni BTC+0.0100%8h86,754.4−0.049%$159.6M$567.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,765.9−0.035%$280.3M$952.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,759.3−0.043%$217.9M$187.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,779.4−0.020%$141.7M$322.6M100xas long as short
StandX BTC-USD+0.0100%1h86,754.7−0.048%$30.8M$204.2M40xas long as short
Vest BTC-PERP+0.0100%1h86,843.8+0.055%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,796−0.001%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,819.4+0.026%$197K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,834.2+0.043%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,849.4+0.061%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,823.1+0.031%$30.1M$61.8M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,796.5long leg$3.4M$5.5M100x
SoDEX BTC-USD+0.0100%1h86,819+0.026%$60.6M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,799.6+0.004%$2.31B$958.9M200xas long as short
Extended BTC-USD+0.0104%1h86,787.3−0.011%$46.3M$226.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,839.6+0.050%—$98.8M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,855.8+0.068%$188.2M$933.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,866+0.080%$132.3M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0151%8h86,834+0.043%$9.8M$727.3M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,833.4+0.042%$15.0M—200xas long as short
BloFin BTC-USDT+0.0180%8h86,825.5+0.033%$415.9M$656.5M150xas long as short
Hibachi BTC/USDT-P+0.0208%1h86,793.7−0.003%$645K$7.6M30xas long as short