Funding you earn now, next payment 00:00 UTC+0.0190%/8h= +20.8% APRnext payment +$1.90 per $10,000 · paid last 24h −0.026%
Price spread now: BloFin against Aster+0.077%101s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as 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−$210.208% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.077%, 7d avg −0.003%
=Together, before fees−0.089%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.080% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BTCUSDT | 86,379.3 | −0.0001 | get 0.0001% / 8h | 25m 36s | $501.2M | $1.15B | 200x |
| Short | BloFin BTC-USDT | 86,446 | 0.0189 | get 0.0189% / 8h | 25m 36s | $416.9M | $658.5M | 150x |
Aster BTCUSDT
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.94
- Price spread: +0.077% → −0.003%
- $8.01
- Slippage, 4 orders
- −$0.79
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $27.16
- Costs to cover
- 0.208%
- Break-even
- 2.2 days
Slippage from Aster: live order book, 4 min ago; BloFin: 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 Aster live order book, 4 min ago | 0.09 bp | 4.1 bp −$4 | 4.2 bp −$42 | 4.7 bp −$471 | 6.4 bp −$3,176 |
| Sell BloFin live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.0 bp −$603 | 7.1 bp −$3,572 |
BTC on 56 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 | −0.0118% | 1h | 86,477 | +0.113% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,384 | +0.005% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.218% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,392.7 | +0.016% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,396.8 | +0.020% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDTlong | −0.0001% | 8h | 86,379.3 | long leg | $501.2M | $1.15B | 200x | |
| Perpl BTC | 0.0000% | 43m | 86,446.6 | +0.078% | $415K | $23.1M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,423.2 | +0.051% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,387.8 | +0.010% | $849.6M | $715.7M | 125x | as long as short |
| Deribit BTC-PERPETUAL | +0.0026% | 1h | 86,422.6 | +0.050% | $914.5M | $1.48B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0031% | 1h | 86,401.1 | +0.025% | $6.7M | $145.5M | 40x | as long as short |
| BingX BTC-USDT | +0.0042% | 8h | 86,377.3 | −0.002% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0051% | 8h | 86,373.1 | −0.007% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0053% | 8h | 86,396.4 | +0.020% | $150.5M | $478.5M | 150x | as long as short |
| dYdX BTC-USD | +0.0064% | 1h | 86,399.5 | +0.023% | $16.9M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0068% | 8h | 86,376.9 | −0.003% | $5.15B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,376 | −0.004% | $9.42B | $24.58B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,386.7 | +0.009% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,373.2 | −0.007% | $5.85B | $10.77B | 200x | as long as short |
| SoDEX BTC-USD | +0.0087% | 1h | 86,382 | +0.003% | $60.3M | $338.0M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,385.9 | +0.008% | $170.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,402.8 | +0.027% | $23.9M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,378 | −0.001% | $8.4M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0097% | 8h | 86,375.9 | −0.004% | $5.25B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,356 | −0.027% | $200K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,425.2 | +0.053% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,391.8 | +0.014% | $22.0M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,468 | +0.103% | $3.79B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,417 | +0.044% | $41.0M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,382.9 | +0.004% | $2.55B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,392 | +0.015% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,422.4 | +0.050% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,381.6 | +0.003% | $38.2M | $155.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,405.8 | +0.031% | $157.3M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,448.6 | +0.080% | $279.2M | $945.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,418.1 | +0.045% | $217.0M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,461.9 | +0.096% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,411 | +0.037% | $30.6M | $205.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,461.5 | +0.095% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,408 | +0.033% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,403.3 | +0.028% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,390.1 | +0.013% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,424 | +0.052% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,420 | +0.047% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,410.3 | +0.036% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,375.1 | −0.005% | $2.29B | $969.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | +0.099% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,357.5 | −0.025% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,458 | +0.091% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,410.8 | +0.036% | $192.1M | $954.6M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,431.1 | +0.060% | $132.3M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0149% | 1h | 86,487.8 | +0.126% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,438.5 | +0.069% | $727K | $8.0M | 30x | as long as short |
| BloFin BTC-USDTshort | +0.0189% | 8h | 86,446 | +0.077% | $416.9M | $658.5M | 150x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0219% | 1h | 86,416.3 | +0.043% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,452 | +0.084% | $9.7M | $747.5M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP