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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.015%
Price spread now: OKX against Aster+0.003%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 7 days−0.007%−$1 · spread now +0.003%, 7d avg +0.001%
Together, before fees+0.027%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT85,436.30.0033pay 0.0033% / 8h7h 33m$502.6M$1.08B200x
ShortOKX BTC-USDT-SWAP85,439.10.0100get 0.0100% / 8h7h 33m$2.61B$12.07B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$13.97
Price spread: +0.003% → +0.001%
$0.21
Slippage, 4 orders
−$0.11
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$3.92
Costs to cover
0.181%
Break-even
9.0 days
Slippage from Aster: live order book, 5 min ago; OKX: live order book, 5 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 bp4.1 bp −$44.5 bp −$455.4 bp −$5386.8 bp −$3,415
Sell OKX live order book, 5 min ago0.01 bp5.0 bp −$55.0 bp −$505.5 bp −$5526.6 bp −$3,298

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
Bluefin BTC-PERP−0.1559%1h85,595.7+0.187%$194K$796K40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,510+0.086%$8K$2K50xas long as short
BloFin BTC-USDT−0.0020%8h85,494.6+0.068%$423.0M$677.8M150xas long as short
Injective BTC/USDC PERP−0.0006%1h85,438+0.002%$307K$25.0M52xas long as short
01 Exchange BTCUSD0.0000%1h85,447.3+0.013%$352K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,512.1+0.089%$36.6M200xas long as short
KuCoin XBTUSDTM+0.0015%8h85,432.4−0.005%$938.1M$773.1M125xas long as short
Aster BTCUSDTlong+0.0033%8h85,436.3long leg$502.6M$1.08B200x
dYdX BTC-USD+0.0052%1h85,470+0.039%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0068%1h85,521.4+0.100%$185.8M$938.5M100xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC+0.0075%1h85,531+0.111%$2.3M$10.4M40xas long as short
BingX BTC-USDT+0.0080%8h85,436.9+0.001%$1.56Bas long as short
Lighter BTC+0.0096%1h85,449.9+0.016%$170.7M$944.9M50xas long as short
Lighter RH BTC+0.0096%1h85,447.5+0.013%$23.5M$134.4M50xas long as short
Popdex BTCUSDT+0.0096%1h85,473+0.043%$8.7M$58.1M100xas long as short
Aevo BTC-PERP+0.0096%1h85,538.1+0.119%$2.4M$6.7M20xas long as short
Nado BTC-PERP+0.0097%1h85,576.9+0.165%$24.1M$216.4M50xas long as short
Katana Perps BTC-USD+0.0100%8h85,421−0.018%$265K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,471.4+0.041%$5.7M$9.3M50xas long as short
Pacifica BTC+0.0100%1h85,461.8+0.030%$40.5M$604.9M50xas long as short
Binance BTCUSDT+0.0100%8h85,439.2+0.003%$9.40B$24.93B150xas long as short
Bybit BTCUSDT+0.0100%8h85,433.9−0.003%$5.09B$9.91B150xas long as short
OKX BTC-USDT-SWAPshort+0.0100%8h85,439.1+0.003%$2.61B$12.07B100x
Ondo Perps BTC-USD.P+0.0100%1h85,425−0.013%$3.9M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,451.5+0.018%$4.7M$97.1M40xas long as short
Bulk BTC-USD+0.0100%1h85,499.9+0.074%$701.6M$160.9M40xas long as short
Gate BTC_USDT+0.0100%8h85,441.7+0.006%$5.50B$9.90B200xas long as short
MEXC BTC_USDT+0.0100%8h85,435−0.002%$5.05B$5.74B500xas long as short
Bitget BTCUSDT+0.0100%8h85,436.9+0.001%$2.97B$5.12B150xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,491.2+0.064%$37.7M$193.4M75xas long as short
Variational Omni BTC+0.0100%8h85,485.8+0.058%$155.9M$543.2Mas long as short
edgeX BTCUSDC+0.0100%4h85,465.2+0.034%$283.4M$960.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,496.9+0.071%$214.7M$155.4M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,522+0.100%$136.9M$312.6M100xas long as short
StandX BTC-USD+0.0100%1h85,481+0.052%$30.1M$218.8M40xas long as short
Vest BTC-PERP+0.0100%1h85,554.7+0.139%$10.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,390−0.054%$10.9M$14.6M50xas long as short
Bullet BTC-USD+0.0100%1h85,482.6+0.054%$196K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,539.6+0.121%$2.7M$9.8M100xas long as short
SunX BTC-USDT+0.0100%8h85,481.7+0.053%$3.0M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,506+0.082%$59.8M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h85,504.8+0.080%$2.26B$971.6M200xas long as short
Phemex BTCUSDT+0.0100%8h85,509+0.085%$162.6M$514.1M150xas long as short
Extended BTC-USD+0.0104%1h85,414.6−0.025%$45.8M$240.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,508.4+0.084%$107.0M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,564+0.149%$111.9M$5.42B50xas long as short
Derive BTC-PERP+0.0123%1h85,569.1+0.155%$28.9M$52.4M15xas long as short
Reya BTCRUSDPERP+0.0149%1h85,458.2+0.026%$6.6M$138.0M40xas long as short
Hyperliquid BTC+0.0166%1h85,510+0.086%$3.84B$5.14B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0149%1h85,487.7+0.060%$13.0M200xas long as short
Deribit BTC-PERPETUAL+0.0182%1h85,567.7+0.154%$828.3M$1.65B50xas long as short
RISEx BTC/USDC+0.0194%1h85,464.4+0.033%$9.0M$42.3M25xas long as short
Kalshi KXBTCPERP+0.0195%8h85,552+0.135%$10.7M$736.6M6.4xas long as short
Aftermath Perps BTCUSD+0.0323%1h85,526.2+0.105%$81K$255K20xas long as short
Hibachi BTC/USDT-P+0.0352%1h85,545.3+0.128%$688K$7.6M30xas long as short
Perpl BTC+0.0447%43m85,518.9+0.097%$466K$18.1M6.7xas long as short