BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0102%/8h= −11.2% APRnext payment −$1.02 per $10,000 · paid last 24h +0.001%

Price spread now: Aster against HTX+0.096%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.096%, 7d avg +0.016%

Together, before fees−0.047%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.080% dearer against HTX than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.016%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BTC-USDT	86,498.4	0.0100	pay 0.0100% / 8h	48m 29s	$2.30B	$969.6M	200x
Short	Aster BTCUSDT	86,581.7	−0.0002	pay 0.0002% / 8h	48m 29s	$502.6M	$1.15B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$21.51
Price spread: +0.096% → +0.016%: $8.01
Slippage, 4 orders: −$0.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Aster: live order book, 6 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 HTX live order book, 1 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.4 bp −$744	10.6 bp −$5,315
Sell Aster live order book, 6 min ago	0.01 bp	4.5 bp −$4	6.6 bp −$66	8.2 bp −$820	11.0 bp −$5,516

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	86,505	+0.008%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,512	+0.016%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,601	+0.119%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,579.7	+0.094%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	86,579.7	+0.094%	$358K	$2.5M	50x	as long as short
Aster BTCUSDTshort	−0.0002%	8h	86,581.7	+0.096%	$502.6M	$1.15B	200x
Deribit BTC-PERPETUAL	0.0000%	1h	86,546.7	+0.056%	$916.5M	$1.49B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,537	+0.045%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0010%	8h	86,584.5	+0.100%	$850.7M	$714.4M	125x	as long as short
Reya BTCRUSDPERP	+0.0025%	1h	86,589.3	+0.105%	$6.7M	$145.3M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BTC-USD	+0.0036%	1h	86,586.1	+0.101%	$17.0M	$21.1M	50x	as long as short
BingX BTC-USDT	+0.0041%	8h	86,573.7	+0.087%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0044%	8h	86,523.6	+0.029%	$149.8M	$479.6M	150x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,562.2	+0.074%	$2.96B	$5.12B	150x	as long as short
MEXC BTC_USDT	+0.0071%	8h	86,576.5	+0.090%	$5.16B	$5.63B	500x	as long as short
Binance BTCUSDT	+0.0072%	8h	86,580.4	+0.095%	$9.43B	$24.54B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,513.1	+0.017%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0083%	8h	86,577.3	+0.091%	$5.88B	$10.72B	200x	as long as short
Lighter BTC	+0.0096%	1h	86,598.8	+0.116%	$170.4M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,604.2	+0.122%	$24.1M	$151.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,568	+0.080%	$8.5M	$52.5M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,555	+0.065%	$196K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,615.3	+0.135%	$4.8M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,592.8	+0.109%	$21.8M	$234.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,668	+0.196%	$3.80B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,622.4	+0.143%	$40.8M	$524.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,573.8	+0.087%	$5.27B	$9.81B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,575.1	+0.089%	$2.55B	$12.75B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,594	+0.111%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,608.1	+0.127%	$7.6M	$95.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,560.7	+0.072%	$572.5M	$17.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,514	+0.018%	$38.0M	$155.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,524.8	+0.031%	$155.3M	$568.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,541.9	+0.050%	$279.6M	$945.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,542.5	+0.051%	$217.3M	$172.2M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,541.7	+0.050%	$141.4M	$323.6M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,502.8	+0.005%	$30.7M	$204.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,606.8	+0.125%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,590	+0.106%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,515	+0.019%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,500.7	+0.003%	$2.4M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,523.4	+0.029%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,541.1	+0.049%	$30.6M	$62.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,501.6	+0.004%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,513	+0.017%	$60.5M	$337.6M	40x	as long as short
HTX BTC-USDTlong	+0.0100%	8h	86,498.4	long leg	$2.30B	$969.6M	200x
Aftermath Perps BTCUSD	+0.0103%	1h	86,546.4	+0.055%	$79K	$220K	20x	as long as short
Extended BTC-USD	+0.0104%	1h	86,551.7	+0.062%	$45.4M	$226.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,537.6	+0.045%	—	$99.1M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,554.1	+0.064%	$193.5M	$951.0M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,540.8	+0.049%	$416K	$23.3M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,570.9	+0.084%	$132.6M	$5.68B	50x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	86,578.4	+0.093%	$722K	$8.0M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0191% / S −0.0214%	1h	86,533.8	+0.041%	$15.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0192%	8h	86,519.3	+0.024%	$414.3M	$658.1M	150x	as long as short
Kalshi KXBTCPERP	+0.0205%	8h	86,546	+0.055%	$9.8M	$740.8M	6.4x	as long as short