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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.020%
Price spread now: Aster against 01 Exchange−0.004%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$170.169% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.075%+$7 on $10k
Price spread, last 7 days−0.011%−$1 · spread now −0.004%, 7d avg +0.004%
Together, before fees+0.064%+ 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 +0.004%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BTCUSD85,676.2−0.0048get 0.0006% / 1h54m 33s$370K$2.3M50x
ShortAster BTCUSDT85,672.90.0016get 0.0016% / 8h4h 54m$516.3M$1.10B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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
$13.34
Price spread: −0.004% → +0.004%
−$0.79
Slippage, 4 orders
−$1.87
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
−$4.33
Costs to cover
0.169%
Break-even
9.3 days
Slippage from 01 Exchange: 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 01 Exchange live order book, 5 min ago0.04 bp5.1 bp −$58.7 bp −$87doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago0.01 bp4.0 bp −$44.4 bp −$446.6 bp −$65712.5 bp −$6,261

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+0.057%$194K$725K40xas long as short
Phoenix BTC−0.0160%1h85,659−0.020%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,697+0.024%$8K$3K50xas long as short
01 Exchange BTCUSDlong−0.0048%1h85,676.2long leg$370K$2.3M50x
BloFin BTC-USDT−0.0032%8h85,685.9+0.011%$417.6M$666.0M150xas long as short
dYdX BTC-USD0.0000%1h85,713.4+0.043%$16.7M$21.2M50xas long as short
KuCoin XBTUSDTM0.0000%8h85,689.3+0.015%$920.5M$750.0M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,696.3+0.023%$36.6M200xas long as short
Aster BTCUSDTshort+0.0016%8h85,672.9−0.004%$516.3M$1.10B200x
Arcus BTC-USD+0.0021%1h85,661.7−0.017%$6.9M$97.1M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BTC-PERP+0.0040%1h85,676.7+0.001%$22.6M$218.8M50xas long as short
BingX BTC-USDC+0.0058%8h85,671.7−0.005%$17.1Mas long as short
ApeX Omni BTCUSDT+0.0059%1h85,584.6−0.107%$139.9M$315.1M100xas long as short
Bitget BTCUSDT+0.0073%8h85,682.5+0.007%$2.96B$5.01B150xas long as short
Reya BTCRUSDPERP+0.0076%1h85,675.3−0.001%$6.7M$146.6M40xas long as short
Aevo BTC-PERP+0.0080%1h85,692.2+0.019%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0087%8h85,678.7+0.003%$5.05B$5.57B500xas long as short
Binance BTCUSDT+0.0089%8h85,679+0.003%$9.35B$23.95B150xas long as short
Lighter BTC+0.0096%1h85,706.8+0.036%$174.4M$999.5M50xas long as short
Lighter RH BTC+0.0096%1h85,712.8+0.043%$23.9M$147.9M50xas long as short
Popdex BTCUSDT+0.0096%1h85,675−0.001%$8.4M$52.5M100xas long as short
HTX BTC-USDT+0.0098%8h85,677.1+0.001%$2.27B$938.2M200xas long as short
SoDEX BTC-USD+0.0099%1h85,687+0.013%$60.0M$336.1M40xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,726.2+0.058%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,657−0.022%$198K$7.8M50xas long as short
Hyperliquid BTC+0.0100%1h85,777+0.118%$3.75B$4.96B40xas long as short
Pacifica BTC+0.0100%1h85,722.3+0.054%$40.1M$576.9M50xas long as short
Bybit BTCUSDT+0.0100%8h85,681.1+0.006%$5.33B$9.57B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,682.2+0.007%$2.58B$12.10B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,687+0.013%$3.9M$18.0M25xas long as short
Bulk BTC-USD+0.0100%1h85,696.6+0.024%$648.3M$574.6M40xas long as short
Gate BTC_USDT+0.0100%8h85,692.8+0.019%$5.54B$10.53B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,687+0.013%$36.0M$175.5M75xas long as short
Variational Omni BTC+0.0100%8h85,690.1+0.016%$156.8M$560.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,589.3−0.101%$279.5M$917.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,627.1−0.057%$215.0M$164.8M50xas long as short
StandX BTC-USD+0.0100%1h85,679.3+0.004%$30.3M$207.7M40xas long as short
Vest BTC-PERP+0.0100%1h85,731.3+0.064%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,674−0.003%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,681.1+0.006%$195K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,688.5+0.014%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h85,690.2+0.016%$30.0M$51.1M15xas long as short
SunX BTC-USDT+0.0100%8h85,687.4+0.013%$2.9M$6.1M100xas long as short
Phemex BTCUSDT+0.0100%8h85,699.1+0.027%$150.6M$482.8M150xas long as short
Extended BTC-USD+0.0104%1h85,656.7−0.023%$44.5M$226.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,691.5+0.018%$106.5M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,730+0.063%$118.0M$5.14B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,742+0.077%$340K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,706.9+0.036%$189.2M$952.1M100xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0177% / S −0.0151%1h85,691.2+0.018%$13.4M200xas long as short
Deribit BTC-PERPETUAL+0.0177%1h85,734.2+0.068%$892.0M$1.53B50xas long as short
Hibachi BTC/USDT-P+0.0184%1h85,741.7+0.076%$703K$7.8M30xas long as short
RISEx BTC/USDC+0.0194%1h85,709.2+0.039%$8.4M$42.4M25xas long as short
Aftermath Perps BTCUSD+0.0201%1h85,709.9+0.039%$78K$219K20xas long as short
Kalshi KXBTCPERP+0.0219%8h85,719+0.050%$10.6M$759.1M6.4xas long as short
Perpl BTC+0.0447%43m85,680.2+0.005%$493K$19.0M6.7xas long as short