Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.004%
Price spread now: Aster against Arcus−0.019%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.135% of the position
Funding, last 4 days (all we have)−0.017%−$2 on $10k
+Price spread, last 7 days−0.001%$0 · spread now −0.019%, 7d avg −0.031%
=Together, before fees−0.019%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BTC-USD | 85,495.6 | 0.0021 | pay 0.0003% / 1h | 45m 17s | $6.9M | $97.2M | 40x |
| Short | Aster BTCUSDT | 85,479.2 | 0.0012 | get 0.0012% / 8h | 4h 45m | $515.1M | $1.10B | 200x |
Arcus BTC-USD
Aster BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.94
- Price spread: −0.019% → −0.031%
- $1.19
- Slippage, 4 orders
- −$0.97
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$14.22
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Aster: live order book, 4 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 Arcus live order book, 4 min ago | 0.01 bp | 2.3 bp −$2 | 2.5 bp −$25 | 5.3 bp −$525 | doesn't fit |
| Sell Aster live order book, 4 min ago | 0.01 bp | 4.0 bp −$4 | 4.8 bp −$48 | 6.9 bp −$688 | 12.5 bp −$6,269 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0787% | 1h | 85,546.9 | +0.060% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,410 | −0.100% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,464 | −0.037% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,508 | +0.015% | $366K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,503.7 | +0.009% | $417.0M | $665.6M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0004% | 8h | 85,500.2 | +0.005% | $919.2M | $750.2M | 125x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,499.7 | +0.005% | $16.7M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,520.9 | +0.030% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDTshort | +0.0012% | 8h | 85,479.2 | −0.019% | $515.1M | $1.10B | 200x | |
| Arcus BTC-USDlong | +0.0021% | 1h | 85,495.6 | long leg | $6.9M | $97.2M | 40x |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0056% | 1h | 85,508.8 | +0.015% | $22.7M | $219.1M | 50x | as long as short |
| BingX BTC-USDC | +0.0060% | 8h | 85,491.6 | −0.005% | — | $17.1M | — | as long as short |
| Bitget BTCUSDT | +0.0075% | 8h | 85,505.9 | +0.012% | $2.96B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0078% | 1h | 85,502.7 | +0.008% | $6.7M | $146.6M | 40x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,510.7 | +0.018% | $5.04B | $5.58B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,506 | +0.012% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0088% | 8h | 85,503.8 | +0.010% | $9.35B | $24.02B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,507.7 | +0.014% | $173.6M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,511.8 | +0.019% | $23.8M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,512 | +0.019% | $8.4M | $52.6M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,568.3 | +0.085% | $4.1M | $8.5M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,494 | −0.002% | $233K | $7.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,588 | +0.108% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,535.3 | +0.046% | $40.1M | $575.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,503.4 | +0.009% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,513.7 | +0.021% | $2.57B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,489 | −0.008% | $3.9M | $18.0M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,696.6 | +0.235% | $648.3M | $574.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,509.3 | +0.016% | $5.54B | $10.58B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,489.3 | −0.007% | $35.8M | $176.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,466.8 | −0.034% | $153.8M | $563.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,507.5 | +0.014% | $279.3M | $919.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,550.2 | +0.064% | $214.8M | $166.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,562.7 | +0.078% | $139.9M | $314.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,472.6 | −0.027% | $30.2M | $207.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,561.8 | +0.077% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,504 | +0.010% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,510 | +0.017% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,511.3 | +0.018% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,506.9 | +0.013% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,490.8 | −0.006% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,498 | +0.003% | $59.9M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,500 | +0.005% | $2.26B | $940.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,503.8 | +0.010% | $150.8M | $483.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,482.8 | −0.015% | $44.5M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,521.8 | +0.031% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,527 | +0.037% | $117.3M | $5.16B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,472 | −0.028% | $339K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0164% | 1h | 85,540.4 | +0.052% | $893.7M | $1.53B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,523.4 | +0.032% | $188.8M | $953.3M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,519.7 | +0.028% | $13.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,515.4 | +0.023% | $693K | $7.9M | 30x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,538.7 | +0.050% | $8.3M | $42.4M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0203% | 1h | 85,575.1 | +0.093% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,537 | +0.048% | $10.4M | $758.8M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,528.3 | +0.038% | $498K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC