Funding arb · Price arb /

BTC

all BTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0053%/8hnext payment +$0.53 per $10,000 · paid last 24h +0.009%

Price spread now: Bybit against Aster−0.002%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.002%, 7d avg 0.000%

Together, before fees+0.008%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,548.4	0.0024	pay 0.0024% / 8h	4h 13m	$505.6M	$1.12B	200x
Short	Bybit BTCUSDT	86,546.9	0.0077	get 0.0077% / 8h	4h 13m	$5.29B	$9.18B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: $11.15
Price spread: −0.002% → 0.000%: −$0.17
Slippage, 4 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.05
Costs to cover: 0.190%
Break-even: 12.1 days

Slippage from Aster: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	4.9 bp −$488	7.0 bp −$3,505
Sell Bybit live order book, 5 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	6.4 bp −$637	7.4 bp −$3,697

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
Perpl BTC	−0.0223%	43m	86,567.3	+0.022%	$410K	$25.9M	6.7x	as long as short
Phoenix BTC	−0.0132%	1h	86,567	+0.021%	$2.1M	$11.1M	40x	as long as short
BloFin BTC-USDT	−0.0082%	8h	86,515.6	−0.038%	$422.7M	$593.1M	150x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,555	+0.008%	$9K	$4K	50x	as long as short
Aftermath Perps BTCUSD	−0.0048%	1h	86,563.6	+0.017%	$86K	$165K	20x	as long as short
Kraken Futures PF_XBTUSD	−0.0030%	1h	86,586.5	+0.044%	$184.8M	$857.8M	100x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	86,616.9	+0.079%	$302K	$2.4M	50x	as long as short
dYdX BTC-USD	−0.0016%	1h	86,574.1	+0.030%	$17.3M	$18.2M	50x	as long as short
KuCoin XBTUSDTM	−0.0009%	8h	86,540.2	−0.010%	$830.3M	$659.5M	125x	as long as short
Kalshi KXBTCPERP	0.0000%	8h	86,587	+0.045%	$9.1M	$690.2M	6.4x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	0.0000%	1h	86,528	−0.024%	$326K	$27.0M	52x	as long as short
Reya BTCRUSDPERP	+0.0001%	1h	86,563.4	+0.017%	$6.7M	$139.8M	40x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,577.9	+0.034%	$37.1M	—	200x	as long as short
BingX BTC-USDC	+0.0006%	8h	86,543.8	−0.005%	—	$14.8M	—	as long as short
Bitget BTCUSDT	+0.0007%	8h	86,563.7	+0.018%	$2.97B	$4.89B	150x	as long as short
SoDEX BTC-USD	+0.0009%	1h	86,542	−0.007%	$61.1M	$311.5M	40x	as long as short
Bluefin BTC-PERP	+0.0010%	1h	86,568.6	+0.023%	$141K	$505K	40x	as long as short
Aster BTCUSDTlong	+0.0024%	8h	86,548.4	long leg	$505.6M	$1.12B	200x
RISEx BTC/USDC	+0.0027%	1h	86,602.9	+0.063%	$8.8M	$39.6M	25x	as long as short
Phemex BTCUSDT	+0.0033%	8h	86,545.4	−0.004%	$154.8M	$441.3M	150x	as long as short
MEXC BTC_USDT	+0.0037%	8h	86,543.3	−0.006%	$5.11B	$5.34B	500x	as long as short
Binance BTCUSDT	+0.0039%	8h	86,559.9	+0.013%	$9.54B	$23.24B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0039%	8h	86,542.4	−0.007%	$2.63B	$12.16B	100x	as long as short
Aevo BTC-PERP	+0.0040%	1h	86,544.3	−0.005%	$2.4M	$1.3M	20x	as long as short
ApeX Omni BTCUSDT	+0.0045%	1h	86,486.8	−0.071%	$140.6M	$320.6M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0046%	1h	86,603	+0.063%	$931.5M	$1.18B	50x	as long as short
Bulk BTC-USD	+0.0058%	1h	86,654.7	+0.123%	$571.1M	$66.6M	40x	as long as short
HTX BTC-USDT	+0.0067%	8h	86,528.7	−0.023%	$2.30B	$896.3M	200x	as long as short
Gate BTC_USDT	+0.0069%	8h	86,547.3	−0.001%	$5.99B	$10.18B	200x	as long as short
Bybit BTCUSDTshort	+0.0077%	8h	86,546.9	−0.002%	$5.29B	$9.18B	150x
Popdex BTCUSDT	+0.0080%	1h	86,589	+0.047%	$8.5M	$49.9M	100x	as long as short
Hibachi BTC/USDT-P	+0.0088%	1h	86,546.9	−0.002%	$616K	$6.8M	30x	as long as short
Orderly PERP_BTC_USDC	+0.0089%	8h	86,555.8	+0.009%	$2.3M	$7.7M	100x	as long as short
Variational Omni BTC	+0.0090%	8h	86,514.4	−0.039%	$164.9M	$534.8M	—	as long as short
Lighter BTC	+0.0096%	1h	86,584.1	+0.041%	$173.3M	$977.5M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,574.3	+0.030%	$24.3M	$146.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	86,615.1	+0.077%	$4.6M	$7.1M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,584	+0.041%	$204K	$6.0M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,534	−0.017%	$23.3M	$229.5M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,597	+0.056%	$36.7M	$445.7M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,550	+0.002%	$3.9M	$18.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,635.3	+0.100%	$6.6M	$91.2M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,553.1	+0.005%	$37.6M	$141.3M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,471.6	−0.089%	$284.2M	$905.8M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,486.3	−0.072%	$217.2M	$181.6M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	86,476.1	−0.084%	$30.8M	$209.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,634.3	+0.099%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,590	+0.048%	$10.9M	$13.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,559.2	+0.012%	$238K	$3.4M	20x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,543.7	−0.005%	$30.2M	$60.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,459.3	−0.103%	$3.4M	$5.7M	100x	as long as short
Extended BTC-USD	+0.0104%	1h	86,559.7	+0.013%	$47.9M	$218.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,592.9	+0.051%	—	$86.8M	500x	as long as short
Hyperliquid BTC	+0.0144%	1h	86,657	+0.125%	$3.99B	$4.73B	40x	as long as short
Coinbase International BTC-PERP-INTX	+0.0168%	1h	86,606	+0.067%	$131.4M	$5.89B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0178% / S −0.0196%	1h	86,577.2	+0.033%	$14.2M	—	200x	as long as short