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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h +0.020%
Price spread now: Aftermath Perps against Aster−0.044%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$290.292% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.071%+$7 on $10k
Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.044%, 7d avg +0.027%
Together, before fees+0.423%+ Points / potential airdropAster: Stage 5 · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aftermath Perps is 0.071% cheaper against Aster than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.027%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.071% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.071% in total (about 7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT85,431.30.0023pay 0.0023% / 8h7h 54m$502.3M$1.09B200x
ShortAftermath Perps BTCUSD85,393.60.0293get 0.0037% / 1h54m 10s$81K$247K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Aster. 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
$56.56
Price spread: −0.044% → +0.027%
−$7.07
Slippage, 4 orders
−$12.16
Fee Aster: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$20.34
Costs to cover
0.292%
Break-even
4.5 days
Slippage from Aster: live order book, 5 min ago; Aftermath Perps: live order book, 50 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 Aster live order book, 5 min ago0.01 bp4.0 bp −$44.1 bp −$415.3 bp −$5327.6 bp −$3,822
Sell Aftermath Perps live order book, 50 min ago0.00 bp14.5 bp −$15doesn't fitdoesn't fitdoesn't fit

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
Hotstuff BTC-PERP−0.0080%1h85,455+0.028%$8K$2K50xas long as short
Phoenix BTC−0.0034%1h85,441+0.011%$2.3M$10.4M40xas long as short
BloFin BTC-USDT−0.0020%8h85,391.5−0.047%$425.1M$685.3M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,417−0.017%$307K$23.1M52xas long as short
01 Exchange BTCUSD0.0000%1h85,467.7+0.043%$344K$2.3M50xas long as short
KuCoin XBTUSDTM+0.0003%8h85,450.8+0.023%$930.6M$776.7M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,439.4+0.009%$36.5M200xas long as short
Deribit BTC-PERPETUAL+0.0018%1h85,461.7+0.036%$829.8M$1.67B50xas long as short
dYdX BTC-USD+0.0019%1h85,464.7+0.039%$16.7M$21.0M50xas long as short
Aster BTCUSDTlong+0.0023%8h85,431.3long leg$502.3M$1.09B200x
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XBTUSD+0.0068%1h85,441.9+0.012%$186.4M$953.8M100xas long as short
BingX BTC-USDC+0.0080%8h85,420−0.013%$17.5Mas long as short
Lighter BTC+0.0096%1h85,445.5+0.017%$170.5M$939.7M50xas long as short
Lighter RH BTC+0.0096%1h85,451.9+0.024%$23.6M$133.5M50xas long as short
Popdex BTCUSDT+0.0096%1h85,467+0.042%$8.7M$58.4M100xas long as short
Aevo BTC-PERP+0.0096%1h85,436.5+0.006%$2.4M$6.7M20xas long as short
Katana Perps BTC-USD+0.0100%8h85,434+0.003%$264K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,485.6+0.064%$5.7M$9.6M50xas long as short
Nado BTC-PERP+0.0100%1h85,459.2+0.033%$24.1M$220.1M50xas long as short
Pacifica BTC+0.0100%1h85,475.4+0.052%$40.2M$604.6M50xas long as short
Binance BTCUSDT+0.0100%8h85,436.5+0.006%$9.41B$25.18B150xas long as short
Bybit BTCUSDT+0.0100%8h85,434.8+0.004%$5.08B$10.02B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,439.7+0.010%$2.61B$12.25B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,462+0.036%$3.8M$17.4M25xas long as short
Arcus BTC-USD+0.0100%1h85,468+0.043%$4.6M$97.6M40xas long as short
Bulk BTC-USD+0.0100%1h85,382−0.058%$697.9M$180.4M40xas long as short
Gate BTC_USDT+0.0100%8h85,459.3+0.033%$5.46B$9.83B200xas long as short
MEXC BTC_USDT+0.0100%8h85,431.40.000%$5.02B$5.71B500xas long as short
Bitget BTCUSDT+0.0100%8h85,430.8−0.001%$2.98B$5.18B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,428.9−0.003%$37.7M$193.7M75xas long as short
Variational Omni BTC+0.0100%8h85,356−0.088%$155.8M$547.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,397.3−0.040%$283.2M$959.0M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,349.1−0.096%$214.2M$159.0M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,343.3−0.103%$138.1M$312.7M100xas long as short
StandX BTC-USD+0.0100%1h85,397−0.040%$30.1M$216.9M40xas long as short
Vest BTC-PERP+0.0100%1h85,525.4+0.110%$9.5M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,314−0.137%$10.9M$14.9M50xas long as short
Bullet BTC-USD+0.0100%1h85,466.9+0.042%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,436.3+0.006%$2.7M$9.9M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,479.3+0.056%$194K$796K40xas long as short
SunX BTC-USDT+0.0100%8h85,452.5+0.025%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,432+0.001%$59.8M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h85,430.8−0.001%$2.26B$976.5M200xas long as short
Phemex BTCUSDT+0.0100%8h85,446.7+0.018%$160.1M$517.3M150xas long as short
Extended BTC-USD+0.0104%1h85,408.4−0.027%$45.7M$241.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,419.7−0.014%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,475+0.051%$111.3M$5.47B50xas long as short
Reya BTCRUSDPERP+0.0146%1h85,452+0.024%$6.6M$140.2M40xas long as short
Derive BTC-PERP+0.0170%1h85,488.3+0.067%$28.8M$49.6M15xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0148%1h85,453.3+0.026%$13.0M200xas long as short
Kalshi KXBTCPERP+0.0181%8h85,488+0.066%$10.8M$740.5M6.4xas long as short
RISEx BTC/USDC+0.0194%1h85,478.5+0.055%$8.9M$42.9M25xas long as short
Hyperliquid BTC+0.0284%1h85,556+0.146%$3.84B$5.11B40xas long as short
Aftermath Perps BTCUSDshort+0.0293%1h85,393.6−0.044%$81K$247K20x
Hibachi BTC/USDT-P+0.0320%1h85,404.5−0.031%$686K$7.7M30xas long as short
Perpl BTC+0.0447%43m85,464+0.038%$470K$18.4M6.7xas long as short