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

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.3% APRpaid last 24h −0.001%
Price spread now: Arcus against Aster+0.043%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.139% of the position
Long on AsterShort on Arcus
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−0.023%−$2 · spread now +0.043%, 7d avg +0.032%
Together, before fees−0.010%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT86,531.30.0016pay 0.0016% / 8h7h 58m$501.9M$1.15B200x
ShortArcus BTC-USD86,568.30.0100get 0.0013% / 1h58m 14s$7.3M$96.8M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus 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
$17.74
Price spread: +0.043% → +0.032%
$1.11
Slippage, 4 orders
−$1.44
Fee Aster: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$4.92
Costs to cover
0.139%
Break-even
5.1 days
Slippage from Aster: live order book, 6 min ago; Arcus: live order book, 1 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, 6 min ago0.15 bp4.2 bp −$44.2 bp −$424.9 bp −$4896.4 bp −$3,217
Sell Arcus live order book, 1 min ago0.01 bp2.9 bp −$33.5 bp −$354.7 bp −$467doesn't fit

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−0.2924%1h86,564.5+0.038%$140K$664K40xas long as short
Phoenix BTC−0.0118%1h86,586+0.063%$2.2M$11.1M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,520−0.013%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,540.9+0.011%$361K$2.4M50xas long as short
Perpl BTC0.0000%43m86,549.3+0.021%$414K$22.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,558.2+0.031%$37.0M—200xas long as short
Aster BTCUSDTlong+0.0016%8h86,531.3long leg$501.9M$1.15B200x
Injective BTC/USDC PERP+0.0023%1h86,616+0.098%$333K$26.9M52xas long as short
dYdX BTC-USD+0.0027%1h86,556.2+0.029%$17.0M$21.2M50xas long as short
KuCoin XBTUSDTM+0.0028%8h86,526.9−0.005%$834.8M$728.6M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0039%1h86,524.6−0.008%$6.7M$145.7M40xas long as short
BingX BTC-USDT+0.0045%8h86,542.8+0.013%—$1.59B—as long as short
RISEx BTC/USDC+0.0052%1h86,544.1+0.015%$8.4M$42.8M25xas long as short
Bitget BTCUSDT+0.0058%8h86,523.6−0.009%$2.97B$5.12B150xas long as short
SoDEX BTC-USD+0.0065%1h86,520−0.013%$60.5M$338.0M40xas long as short
MEXC BTC_USDT+0.0076%8h86,530−0.002%$5.14B$5.64B500xas long as short
Binance BTCUSDT+0.0077%8h86,530.5−0.001%$9.44B$24.55B150xas long as short
Aevo BTC-PERP+0.0080%1h86,544.1+0.015%$2.5M$1.2M20xas long as short
Deribit BTC-PERPETUAL+0.0092%1h86,559.2+0.032%$909.6M$1.50B50xas long as short
Lighter BTC+0.0096%1h86,545.5+0.016%$170.4M$979.6M50xas long as short
Lighter RH BTC+0.0096%1h86,550+0.022%$23.7M$148.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,524−0.008%$8.5M$52.2M100xas long as short
Bybit BTCUSDT+0.0099%8h86,530.5−0.001%$5.27B$9.78B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,513−0.021%$198K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,557.1+0.030%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,548.5+0.020%$22.0M$233.9M50xas long as short
Hyperliquid BTC+0.0100%1h86,604+0.084%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,553.4+0.026%$40.8M$540.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,532.8+0.002%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,539+0.009%$3.9M$18.1M25xas long as short
Arcus BTC-USDshort+0.0100%1h86,568.3+0.043%$7.3M$96.8M40x
Bulk BTC-USD+0.0100%1h86,523.6−0.009%$572.9M$12.4M40xas long as short
Gate BTC_USDT+0.0100%8h86,541.8+0.012%$5.88B$10.42B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,552.5+0.024%$38.2M$156.0M75xas long as short
Variational Omni BTC+0.0100%8h86,554.4+0.027%$157.4M$568.6M—as long as short
edgeX BTCUSDC+0.0100%4h86,550.1+0.022%$279.6M$948.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,585.4+0.062%$217.4M$171.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,575+0.050%$141.8M$323.5M100xas long as short
StandX BTC-USD+0.0100%1h86,590+0.068%$30.7M$208.0M40xas long as short
Vest BTC-PERP+0.0100%1h86,583.9+0.061%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,523−0.010%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,536+0.005%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,518.3−0.015%$2.5M$9.3M100xas long as short
Derive BTC-PERP+0.0100%1h86,556.5+0.029%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,529.9−0.002%$3.4M$5.3M100xas long as short
HTX BTC-USDT+0.0100%8h86,516.5−0.017%$2.30B$969.9M200xas long as short
Phemex BTCUSDT+0.0100%8h86,533.9+0.003%$152.8M$479.5M150xas long as short
Extended BTC-USD+0.0104%1h86,505−0.030%$45.8M$224.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,563.8+0.037%—$100.1M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,563+0.037%$132.2M$5.63B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,550.3+0.022%$193.4M$951.1M100xas long as short
Aftermath Perps BTCUSD+0.0163%1h86,564.6+0.038%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0176%1h86,624.7+0.108%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0197%8h86,561+0.034%$415.4M$659.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0224%1h86,551.5+0.023%$14.9M—200xas long as short
Kalshi KXBTCPERP+0.0210%8h86,576+0.052%$10.0M$756.5M6.4xas long as short