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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.015%
Price spread now: Aster against Vest+0.002%7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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−0.009%−$1 · spread now +0.002%, 7d avg −0.006%
Together, before fees+0.005%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BTC-PERP85,816.90.0100pay 0.0013% / 1h43m 57s$11.8M50x
ShortAster BTCUSDT85,818.80.0037get 0.0037% / 8h6h 43m$497.7M$1.13B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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
−$13.32
Price spread: +0.002% → −0.006%
$0.83
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Aster: 4 bp × 2 orders
−$8
Net
−$22.49
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Aster live order book, 5 min ago0.11 bp4.1 bp −$44.1 bp −$414.6 bp −$4638.1 bp −$4,039
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phoenix BTC−0.0144%1h85,767−0.058%$2.2M$10.5M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,777−0.047%$8K$3K50xas long as short
BloFin BTC-USDT−0.0078%8h85,853+0.042%$415.8M$658.2M150xas long as short
01 Exchange BTCUSD−0.0056%1h85,771.9−0.052%$364K$2.3M50xas long as short
dYdX BTC-USD0.0000%1h85,774.5−0.049%$16.8M$20.6M50xas long as short
Perpl BTC0.0000%43m85,776.8−0.047%$512K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,814.8−0.002%$36.7M200xas long as short
Injective BTC/USDC PERP+0.0020%1h85,810−0.008%$341K$26.9M52xas long as short
Aster BTCUSDTshort+0.0037%8h85,818.8+0.002%$497.7M$1.13B200x
KuCoin XBTUSDTM+0.0040%8h85,807.1−0.012%$894.8M$757.3M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx BTC/USDC+0.0044%1h85,770.5−0.054%$8.1M$42.6M25xas long as short
BingX BTC-USDC+0.0053%8h85,804.2−0.015%$15.4Mas long as short
Reya BTCRUSDPERP+0.0054%1h85,754.5−0.073%$6.7M$146.1M40xas long as short
Bitget BTCUSDT+0.0067%8h85,820.5+0.004%$2.95B$5.14B150xas long as short
ApeX Omni BTCUSDT+0.0076%1h85,808.2−0.010%$140.3M$320.9M100xas long as short
HTX BTC-USDT+0.0077%8h85,806.3−0.012%$2.28B$969.3M200xas long as short
Nado BTC-PERP+0.0079%1h85,769.9−0.055%$22.8M$229.3M50xas long as short
Binance BTCUSDT+0.0088%8h85,825+0.009%$9.34B$24.59B150xas long as short
MEXC BTC_USDT+0.0088%8h85,822.1+0.006%$5.11B$5.67B500xas long as short
Aevo BTC-PERP+0.0088%1h85,816−0.001%$2.5M$1.8M20xas long as short
Gate BTC_USDT+0.0094%8h85,820.9+0.005%$5.66B$10.39B200xas long as short
Lighter BTC+0.0096%1h85,834.9+0.021%$169.6M$979.7M50xas long as short
Lighter RH BTC+0.0096%1h85,836.9+0.023%$23.3M$145.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,778−0.045%$8.4M$52.5M100xas long as short
Katana Perps BTC-USD+0.0100%8h85,749−0.079%$210K$7.5M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,766.6−0.059%$3.8M$8.7M50xas long as short
Hyperliquid BTC+0.0100%1h85,889+0.084%$3.77B$5.04B40xas long as short
Pacifica BTC+0.0100%1h85,775.8−0.048%$40.9M$569.6M50xas long as short
Bybit BTCUSDT+0.0100%8h85,836.3+0.023%$5.27B$9.81B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,840.4+0.027%$2.55B$12.54B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,758−0.069%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h85,745.2−0.084%$7.3M$98.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,817.8+0.001%$35.2M$163.5M75xas long as short
Variational Omni BTC+0.0100%8h85,783.2−0.039%$155.9M$552.3Mas long as short
edgeX BTCUSDC+0.0100%4h85,787.3−0.035%$278.0M$944.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,857.1+0.047%$215.7M$163.7M50xas long as short
StandX BTC-USD+0.0100%1h85,750−0.078%$30.3M$207.5M40xas long as short
Vest BTC-PERPlong+0.0100%1h85,816.9long leg$11.8M50x
Polymarket Perps BTC-USD+0.0100%1h85,769−0.056%$11.0M$14.2M50xas long as short
Bullet BTC-USD+0.0100%1h85,791−0.030%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,820.3+0.004%$2.4M$9.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,863.3+0.054%$186K$710K40xas long as short
Derive BTC-PERP+0.0100%1h85,833.1+0.019%$30.0M$57.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,757−0.070%$2.9M$6.6M100xas long as short
SoDEX BTC-USD+0.0100%1h85,822+0.006%$60.1M$337.9M40xas long as short
Phemex BTCUSDT+0.0100%8h85,820.8+0.005%$154.3M$479.5M150xas long as short
Bulk BTC-USD+0.0100%1h85,804.9−0.014%$582.3M$118.5M40xas long as short
Extended BTC-USD+0.0104%1h85,800.3−0.019%$44.9M$227.5M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,754.4−0.073%$101.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h85,858.2+0.048%$131.8M$5.26B50xas long as short
Hibachi BTC/USDT-P+0.0136%1h85,756.8−0.070%$706K$7.9M30xas long as short
Kraken Futures PF_XBTUSD+0.0146%1h85,848.5+0.037%$189.1M$970.5M100xas long as short
Aftermath Perps BTCUSD+0.0152%1h85,809.7−0.008%$77K$217K20xas long as short
Deribit BTC-PERPETUAL+0.0160%1h85,862.6+0.053%$895.7M$1.54B50xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0204% / S −0.0194%1h85,794.6−0.026%$13.8M200xas long as short
Kalshi KXBTCPERP+0.0205%8h85,788−0.034%$10.0M$769.6M6.4xas long as short