BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.73 per $10,000 · paid last 24h −0.015%

Price spread now: Aster against Variational Omni−0.019%7-day average +0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.019%, 7d avg +0.009%

Together, before fees+0.012%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.028% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BTC	85,650.8	0.0100	pay 0.0100% / 8h	6h 11m	$156.5M	$556.1M	—
Short	Aster BTCUSDT	85,634.6	0.0027	get 0.0027% / 8h	6h 11m	$515.8M	$1.13B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee AsterbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$15.26
Price spread: −0.019% → +0.009%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.04
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aster: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 2 min ago	0.51 bp	doesn't fit	0.5 bp −$5	2.0 bp −$199	doesn't fit
Sell Aster live order book, 2 min ago	0.01 bp	4.0 bp −$4	5.2 bp −$52	8.7 bp −$869	16.0 bp −$7,994

BTC on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	−0.0144%	1h	85,649	−0.002%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,654	+0.004%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0072%	1h	85,652.9	+0.002%	$361K	$2.3M	50x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,650.2	−0.001%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,675.7	+0.029%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	+0.047%	$340K	$26.9M	52x	as long as short
Aster BTCUSDTshort	+0.0027%	8h	85,634.6	−0.019%	$515.8M	$1.13B	200x
KuCoin XBTUSDTM	+0.0028%	8h	85,636.2	−0.017%	$900.5M	$753.2M	125x	as long as short
Nado BTC-PERP	+0.0039%	1h	85,640.2	−0.012%	$22.8M	$227.7M	50x	as long as short
RISEx BTC/USDC	+0.0044%	1h	85,684	+0.039%	$8.2M	$42.0M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BTC-USDT	+0.0044%	8h	85,645.3	−0.006%	$2.27B	$947.8M	200x	as long as short
BingX BTC-USDC	+0.0055%	8h	85,630.1	−0.024%	—	$17.1M	—	as long as short
Reya BTCRUSDPERP	+0.0060%	1h	85,649.2	−0.002%	$6.7M	$146.3M	40x	as long as short
Bitget BTCUSDT	+0.0070%	8h	85,637.4	−0.016%	$2.95B	$5.08B	150x	as long as short
SunX BTC-USDT	+0.0075%	8h	85,622.5	−0.033%	$2.9M	$6.6M	100x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,653.4	+0.003%	$2.5M	$1.8M	20x	as long as short
Binance BTCUSDT	+0.0087%	8h	85,616.6	−0.040%	$9.32B	$24.27B	150x	as long as short
MEXC BTC_USDT	+0.0087%	8h	85,645	−0.007%	$5.08B	$5.75B	500x	as long as short
Lighter BTC	+0.0096%	1h	85,627	−0.028%	$170.4M	$994.0M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,647.9	−0.003%	$23.5M	$147.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,657	+0.007%	$8.4M	$51.9M	100x	as long as short
Gate BTC_USDT	+0.0097%	8h	85,650.2	−0.001%	$5.59B	$10.58B	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,629	−0.025%	$203K	$7.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,701.5	+0.059%	$3.8M	$8.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,704	+0.062%	$3.76B	$4.99B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,657.4	+0.008%	$40.8M	$571.9M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,631.3	−0.023%	$5.31B	$9.74B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,620.1	−0.036%	$2.55B	$12.32B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,650	−0.001%	$3.9M	$18.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,636.1	−0.017%	$7.2M	$97.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,640.2	−0.012%	$35.3M	$166.4M	75x	as long as short
Variational Omni BTClong	+0.0100%	8h	85,650.8	long leg	$156.5M	$556.1M	—
edgeX BTCUSDC	+0.0100%	4h	85,623.5	−0.032%	$278.5M	$942.0M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,652.7	+0.002%	$214.9M	$164.7M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,642.6	−0.010%	$140.0M	$318.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,680	+0.034%	$30.3M	$209.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,715.5	+0.076%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,656	+0.006%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,663.4	+0.015%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,655.5	+0.005%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,701.3	+0.059%	$187K	$712K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,654.5	+0.004%	$30.0M	$55.9M	15x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,645	−0.007%	$60.0M	$336.8M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,645.1	−0.007%	$152.5M	$481.5M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,673.6	+0.027%	$597.8M	$234.3M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,626.1	−0.029%	$44.0M	$227.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,674.9	+0.028%	—	$102.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,681.7	+0.036%	$131.3M	$5.15B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,665.7	+0.017%	$187.8M	$963.3M	100x	as long as short
Hibachi BTC/USDT-P	+0.0152%	1h	85,674.5	+0.028%	$679K	$7.8M	30x	as long as short
Aftermath Perps BTCUSD	+0.0173%	1h	85,695.9	+0.053%	$78K	$219K	20x	as long as short
Deribit BTC-PERPETUAL	+0.0199%	1h	85,693.4	+0.050%	$894.8M	$1.54B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0187%	1h	85,671.3	+0.024%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0212%	8h	85,682	+0.036%	$10.3M	$770.3M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,668	+0.020%	$513K	$20.4M	6.7x	as long as short