Funding arb · Price arb /

BTC

all BTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.011%

Price spread now: Aster against ApeX Omni−0.095%69s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.190% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.095%, 7d avg −0.007%

Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 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 0.088% cheaper against ApeX Omni than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BTCUSDT	86,270.8	0.0100	pay 0.0013% / 1h	0m 24s	$137.3M	$302.2M	100x
Short	Aster BTCUSDT	86,188.6	0.0049	get 0.0049% / 8h	7h 00m	$504.4M	$972.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$10.79
Price spread: −0.095% → −0.007%: −$8.82
Slippage, 4 orders: −$0.97
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.58
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Aster: live order book, 4 min ago.

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 ApeX Omni live order book, 4 min ago	0.16 bp	5.2 bp −$5	5.2 bp −$52	7.0 bp −$698	42.0 bp −$21.0K
Sell Aster live order book, 4 min ago	0.01 bp	4.6 bp −$5	5.5 bp −$55	6.2 bp −$616	9.2 bp −$4,606

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
Bluefin BTC-PERP	−0.0187%	1h	86,215.9	−0.064%	$196K	$660K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,153	−0.137%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	86,159.1	−0.130%	$423.0M	$624.0M	150x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,179.9	−0.105%	$356K	$2.1M	50x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	86,086	−0.214%	$379K	$28.4M	52x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,207.1	−0.074%	$36.9M	—	200x	as long as short
dYdX BTC-USD	+0.0032%	1h	86,197.2	−0.085%	$16.9M	$17.7M	50x	as long as short
KuCoin XBTUSDTM	+0.0035%	8h	86,181.9	−0.103%	$938.0M	$666.6M	125x	as long as short
Bybit BTCUSDT	+0.0042%	8h	86,186.9	−0.097%	$5.12B	$9.03B	150x	as long as short
BingX BTC-USDC	+0.0045%	8h	86,169.9	−0.117%	—	$16.8M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BTCUSDTshort	+0.0049%	8h	86,188.6	−0.095%	$504.4M	$972.0M	200x
Phemex BTCUSDT	+0.0066%	8h	86,161.1	−0.127%	$167.9M	$498.0M	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0068%	1h	86,180.1	−0.105%	$189.3M	$866.6M	100x	as long as short
Phoenix BTC	+0.0075%	1h	86,213	−0.067%	$2.3M	$10.4M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,175.1	−0.111%	$173.6M	$970.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,179.7	−0.106%	$23.4M	$138.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,182	−0.103%	$8.8M	$52.4M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	86,163.1	−0.125%	$2.4M	$6.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,157	−0.132%	$230K	$8.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,199.7	−0.082%	$6.1M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,176.5	−0.109%	$21.8M	$210.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,197.2	−0.085%	$40.3M	$585.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	86,190.6	−0.093%	$9.47B	$23.02B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,188	−0.096%	$2.62B	$10.76B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,165	−0.123%	$4.0M	$16.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,202.9	−0.079%	$4.7M	$93.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,176.9	−0.109%	$711.8M	$175.1M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,193.2	−0.090%	$5.48B	$10.34B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	86,190.5	−0.093%	$5.10B	$5.92B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	86,174.8	−0.111%	$2.99B	$4.53B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,143.8	−0.147%	$37.6M	$187.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,123.1	−0.171%	$158.4M	$509.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,267.1	−0.004%	$289.9M	$986.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,243.6	−0.032%	$216.7M	$143.1M	50x	as long as short
ApeX Omni BTCUSDTlong	+0.0100%	1h	86,270.8	long leg	$137.3M	$302.2M	100x
StandX BTC-USD	+0.0100%	1h	86,200.9	−0.081%	$30.4M	$212.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,253.7	−0.020%	—	$10.5M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,190	−0.094%	$11.0M	$13.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,193.6	−0.089%	$206K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,195.1	−0.088%	$2.6M	$9.5M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,169.2	−0.118%	$3.2M	$7.0M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,167	−0.120%	$60.3M	$257.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,147.1	−0.143%	$2.28B	$911.1M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,128.7	−0.165%	$46.4M	$219.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,187.1	−0.097%	—	$93.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,207.1	−0.074%	$112.7M	$5.27B	50x	as long as short
Hyperliquid BTC	+0.0133%	1h	86,257	−0.016%	$3.87B	$4.75B	40x	as long as short
Reya BTCRUSDPERP	+0.0154%	1h	86,150.8	−0.139%	$6.6M	$132.2M	40x	as long as short
Kalshi KXBTCPERP	+0.0186%	8h	86,214	−0.066%	$11.1M	$726.3M	6.4x	as long as short
RISEx BTC/USDC	+0.0194%	1h	86,206.9	−0.074%	$8.9M	$40.7M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0185%	1h	86,193.4	−0.090%	$13.3M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0206%	1h	86,222.3	−0.056%	$837.0M	$1.61B	50x	as long as short
Hibachi BTC/USDT-P	+0.0280%	1h	86,238.2	−0.038%	$697K	$7.4M	30x	as long as short
Aftermath Perps BTCUSD	+0.0413%	1h	86,236.3	−0.040%	$82K	$252K	20x	as long as short
Perpl BTC	+0.0447%	43m	86,220.3	−0.059%	$493K	$16.5M	6.7x	as long as short