BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.3% APRnext payment −$1.04 per $10,000 · paid last 24h −0.007%

Price spread now: Aster against Variational Omni+0.099%7-day average +0.008% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.099%, 7d avg +0.008%

Together, before fees−0.096%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.091% dearer against Variational Omni than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.008%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 3 days (−0.014% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BTC	86,463.3	0.0100	pay 0.0100% / 8h	52m 01s	$155.7M	$568.3M	—
Short	Aster BTCUSDT	86,549.2	−0.0004	pay 0.0004% / 8h	52m 01s	$502.4M	$1.15B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$21.74
Price spread: +0.099% → +0.008%: $9.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.61
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aster: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	0.58 bp	doesn't fit	0.6 bp −$6	0.7 bp −$70	doesn't fit
Sell Aster live order book, 2 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	86,543	+0.092%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,521	+0.067%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,601	+0.159%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,554.7	+0.106%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,562.9	+0.115%	$358K	$2.5M	50x	as long as short
Aster BTCUSDTshort	−0.0004%	8h	86,549.2	+0.099%	$502.4M	$1.15B	200x
Deribit BTC-PERPETUAL	0.0000%	1h	86,578	+0.133%	$916.8M	$1.49B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,562.4	+0.115%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0009%	8h	86,540.9	+0.090%	$850.5M	$713.9M	125x	as long as short
Reya BTCRUSDPERP	+0.0024%	1h	86,550.1	+0.100%	$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
BingX BTC-USDT	+0.0041%	8h	86,562.3	+0.115%	—	$1.59B	—	as long as short
dYdX BTC-USD	+0.0044%	1h	86,591.4	+0.148%	$17.0M	$21.1M	50x	as long as short
Phemex BTCUSDT	+0.0046%	8h	86,545.1	+0.095%	$149.8M	$478.7M	150x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,574	+0.128%	$2.96B	$5.12B	150x	as long as short
MEXC BTC_USDT	+0.0071%	8h	86,566.2	+0.119%	$5.13B	$5.62B	500x	as long as short
Binance BTCUSDT	+0.0072%	8h	86,554.1	+0.105%	$9.43B	$24.53B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,537.6	+0.086%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0081%	8h	86,554.4	+0.105%	$5.88B	$10.71B	200x	as long as short
Aftermath Perps BTCUSD	+0.0094%	1h	86,520.9	+0.067%	$79K	$220K	20x	as long as short
Lighter BTC	+0.0096%	1h	86,560.7	+0.113%	$170.4M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,571.6	+0.125%	$24.1M	$151.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,550	+0.100%	$8.5M	$52.5M	100x	as long as short
Bybit BTCUSDT	+0.0099%	8h	86,555.5	+0.107%	$5.26B	$9.81B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,525	+0.071%	$199K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,575.6	+0.130%	$4.8M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,550.1	+0.100%	$21.8M	$234.7M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,622	+0.184%	$3.80B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,572.1	+0.126%	$41.2M	$521.5M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,582.6	+0.138%	$2.55B	$12.75B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,556	+0.107%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,583.4	+0.139%	$7.6M	$94.9M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,382.9	−0.093%	$571.1M	$18.1M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,541.9	+0.091%	$37.8M	$154.7M	75x	as long as short
Variational Omni BTClong	+0.0100%	8h	86,463.3	long leg	$155.7M	$568.3M	—
edgeX BTCUSDC	+0.0100%	4h	86,512.3	+0.057%	$279.6M	$945.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,538.5	+0.087%	$217.2M	$173.5M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,442	−0.025%	$141.3M	$323.3M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,570.1	+0.124%	$30.7M	$204.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,602.7	+0.161%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,554	+0.105%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,553	+0.104%	$190K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,541.5	+0.090%	$2.4M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,572.8	+0.127%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,577.2	+0.132%	$30.6M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,541.5	+0.090%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,543	+0.092%	$60.5M	$337.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,536.6	+0.085%	$2.30B	$969.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,553.2	+0.104%	$45.3M	$226.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,571.2	+0.125%	—	$99.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,578.5	+0.133%	$191.9M	$949.4M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,569.4	+0.123%	$417K	$23.4M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,592	+0.149%	$132.8M	$5.68B	50x	as long as short
Hibachi BTC/USDT-P	+0.0168%	1h	86,561.3	+0.113%	$718K	$8.1M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0190% / S −0.0213%	1h	86,566.7	+0.120%	$15.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0191%	8h	86,574.8	+0.129%	$414.3M	$658.4M	150x	as long as short
Kalshi KXBTCPERP	+0.0204%	8h	86,584	+0.140%	$9.8M	$739.9M	6.4x	as long as short