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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.49 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against Aster−0.013%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days+0.022%+$2 · spread now −0.013%, 7d avg −0.002%
Together, before fees+0.020%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT85,541.40.0019pay 0.0019% / 8h5h 38m$515.4M$1.11B200x
ShortBitget BTCUSDT85,529.90.0068get 0.0068% / 8h5h 38m$2.95B$5.02B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$10.34
Price spread: −0.013% → −0.002%
−$1.17
Slippage, 4 orders
−$0.3
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$11.13
Costs to cover
0.203%
Break-even
14.5 days
Slippage from Aster: live order book, 6 min ago; Bitget: live order book, 6 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, 6 min ago0.01 bp4.0 bp −$44.1 bp −$414.4 bp −$4406.2 bp −$3,101
Sell Bitget live order book, 6 min ago0.01 bp6.0 bp −$66.0 bp −$607.5 bp −$752doesn'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
Phoenix BTC−0.0160%1h85,585+0.051%$2.2M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,554+0.015%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0048%1h85,506.3−0.041%$369K$2.3M50xas long as short
BloFin BTC-USDT−0.0033%8h85,520.2−0.025%$414.8M$661.8M150xas long as short
dYdX BTC-USD0.0000%1h85,541.70.000%$16.7M$20.9M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,541.20.000%$36.6M200xas long as short
Nado BTC-PERP+0.0011%1h85,502.3−0.046%$22.7M$221.3M50xas long as short
KuCoin XBTUSDTM+0.0012%8h85,545.4+0.005%$917.7M$752.9M125xas long as short
Aster BTCUSDTlong+0.0019%8h85,541.4long leg$515.4M$1.11B200x
BingX BTC-USDT+0.0054%8h85,542.2+0.001%$1.54Bas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTC-USDT+0.0066%8h85,525−0.019%$2.27B$932.7M200xas long as short
Reya BTCRUSDPERP+0.0067%1h85,546.8+0.006%$6.7M$146.4M40xas long as short
Bitget BTCUSDTshort+0.0068%8h85,529.9−0.013%$2.95B$5.02B150x
Deribit BTC-PERPETUAL+0.0077%1h85,560.3+0.022%$893.3M$1.52B50xas long as short
Injective BTC/USDC PERP+0.0079%1h85,578+0.043%$340K$26.9M52xas long as short
Phemex BTCUSDT+0.0079%8h85,522.4−0.022%$148.2M$478.5M150xas long as short
Aevo BTC-PERP+0.0080%1h85,516.6−0.029%$2.5M$1.7M20xas long as short
SunX BTC-USDT+0.0080%8h85,526.2−0.018%$2.9M$6.1M100xas long as short
MEXC BTC_USDT+0.0086%8h85,535.9−0.006%$5.05B$5.61B500xas long as short
Binance BTCUSDT+0.0087%8h85,506.3−0.041%$9.32B$23.87B150xas long as short
Lighter BTC+0.0096%1h85,542.1+0.001%$169.7M$987.8M50xas long as short
Lighter RH BTC+0.0096%1h85,557.8+0.019%$23.9M$148.0M50xas long as short
Popdex BTCUSDT+0.0096%1h85,518−0.027%$8.4M$51.9M100xas long as short
Paradex BTC-USD-PERP+0.0099%8h85,579.8+0.045%$3.8M$8.3M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,495−0.054%$203K$7.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,600+0.069%$3.77B$4.93B40xas long as short
Pacifica BTC+0.0100%1h85,574.1+0.038%$40.5M$573.5M50xas long as short
Bybit BTCUSDT+0.0100%8h85,508.5−0.038%$5.33B$9.58B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,506.6−0.041%$2.57B$12.10B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,539−0.003%$3.9M$17.9M25xas long as short
Arcus BTC-USD+0.0100%1h85,490.8−0.059%$7.2M$97.0M40xas long as short
Bulk BTC-USD+0.0100%1h85,562.7+0.025%$616.1M$358.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,543.8+0.003%$5.55B$10.47B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,518.8−0.026%$35.1M$171.6M75xas long as short
Variational Omni BTC+0.0100%8h85,503.7−0.044%$154.4M$549.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,550.1+0.010%$278.9M$928.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,591.1+0.058%$214.8M$164.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,603.5+0.073%$140.0M$316.2M100xas long as short
StandX BTC-USD+0.0100%1h85,595.1+0.063%$30.3M$210.5M40xas long as short
Vest BTC-PERP+0.0100%1h85,616.3+0.088%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,550+0.010%$11.0M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h85,538.6−0.003%$188K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,516.5−0.029%$2.3M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,562.2+0.024%$196K$721K40xas long as short
Derive BTC-PERP+0.0100%1h85,521.8−0.023%$30.0M$52.5M15xas long as short
SoDEX BTC-USD+0.0100%1h85,521−0.024%$59.9M$336.2M40xas long as short
Extended BTC-USD+0.0104%1h85,508.7−0.038%$44.1M$227.2M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,583.7+0.050%$106.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,556.8+0.018%$130.4M$5.08B50xas long as short
RISEx BTC/USDC+0.0120%1h85,555.5+0.017%$8.3M$42.2M25xas long as short
Kraken Futures PF_XBTUSD+0.0139%1h85,546.2+0.006%$187.9M$947.1M100xas long as short
Aftermath Perps BTCUSD+0.0195%1h85,573.8+0.038%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0200%1h85,624.4+0.097%$699K$7.9M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0203% / S −0.0180%1h85,537.9−0.004%$13.6M200xas long as short
Kalshi KXBTCPERP+0.0213%8h85,591+0.058%$10.5M$760.1M6.4xas long as short
Perpl BTC+0.0447%43m85,596.3+0.064%$522K$19.4M6.7xas long as short