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

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.014%
Price spread now: Bybit against Aster+0.017%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Long on AsterShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days−0.018%−$2 · spread now +0.017%, 7d avg 0.000%
Together, before fees−0.005%+ 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 0.000%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT86,209.90.0033pay 0.0033% / 8h7h 11m$499.7M$1.13B200x
ShortBybit BTCUSDT86,224.50.0100get 0.0100% / 8h7h 11m$5.25B$9.63B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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

Funding earned
$14.01
Price spread: +0.017% → 0.000%
$1.72
Slippage, 4 orders
−$0.85
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$4.12
Costs to cover
0.199%
Break-even
9.1 days
Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago0.01 bp4.7 bp −$55.0 bp −$505.2 bp −$5208.6 bp −$4,279
Sell Bybit live order book, 2 min ago0.01 bp5.5 bp −$65.9 bp −$597.3 bp −$7327.9 bp −$3,959

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−0.0129%1h86,372+0.188%$2.2M$11.2M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,228+0.021%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0040%1h86,205.4−0.005%$363K$2.3M50xas long as short
Bluefin BTC-PERP−0.0004%1h86,236.3+0.031%$144K$667K40xas long as short
Perpl BTC0.0000%43m86,214.1+0.005%$568K$21.3M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h86,229.9+0.023%$36.9M—200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,365+0.180%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0026%1h86,269.4+0.069%$16.9M$20.5M50xas long as short
Aster BTCUSDTlong+0.0033%8h86,209.9long leg$499.7M$1.13B200x
KuCoin XBTUSDTM+0.0044%8h86,206.1−0.004%$829.4M$716.6M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0048%1h86,189−0.024%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0051%8h86,199.6−0.012%—$15.3M—as long as short
RISEx BTC/USDC+0.0052%1h86,209.90.000%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0065%8h86,208.4−0.002%$2.97B$5.04B150xas long as short
SoDEX BTC-USD+0.0078%1h86,211+0.001%$60.4M$338.2M40xas long as short
Aevo BTC-PERP+0.0080%1h86,200.5−0.011%$2.5M$1.8M20xas long as short
MEXC BTC_USDT+0.0084%8h86,206.6−0.004%$5.11B$5.75B500xas long as short
Binance BTCUSDT+0.0085%8h86,212.3+0.003%$9.39B$24.22B150xas long as short
Gate BTC_USDT+0.0087%8h86,221.3+0.013%$5.76B$10.62B200xas long as short
HTX BTC-USDT+0.0096%8h86,188.4−0.025%$2.29B$959.4M200xas long as short
Lighter BTC+0.0096%1h86,230.6+0.024%$170.3M$992.5M50xas long as short
Lighter RH BTC+0.0096%1h86,230+0.023%$23.6M$152.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,215+0.006%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,180−0.035%$199K$7.3M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,259.2+0.057%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,251.9+0.049%$22.0M$226.1M50xas long as short
Hyperliquid BTC+0.0100%1h86,281+0.082%$3.78B$4.99B40xas long as short
Pacifica BTC+0.0100%1h86,261.8+0.060%$40.6M$558.6M50xas long as short
Bybit BTCUSDTshort+0.0100%8h86,224.5+0.017%$5.25B$9.63B150x
OKX BTC-USDT-SWAP+0.0100%8h86,228.8+0.022%$2.56B$12.44B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,207−0.003%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,223.8+0.016%$7.2M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,145.7−0.075%$580.3M$59.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,194.9−0.017%$35.5M$161.1M75xas long as short
Variational Omni BTC+0.0100%8h86,226.1+0.019%$156.7M$559.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,254.8+0.052%$278.6M$953.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,292.2+0.095%$216.6M$165.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,290.3+0.093%$141.4M$320.5M100xas long as short
StandX BTC-USD+0.0100%1h86,270+0.070%$30.6M$208.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,265.7+0.065%—$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,206−0.005%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,213.4+0.004%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,208.6−0.002%$2.4M$9.1M100xas long as short
Derive BTC-PERP+0.0100%1h86,228.7+0.022%$30.3M$56.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,181.2−0.033%$3.3M$5.4M100xas long as short
Phemex BTCUSDT+0.0100%8h86,228+0.021%$155.5M$473.0M150xas long as short
Extended BTC-USD+0.0104%1h86,189.4−0.024%$45.9M$222.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,272.7+0.073%—$98.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,250+0.047%$132.2M$5.29B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,238.8+0.034%$191.8M$948.1M100xas long as short
Hibachi BTC/USDT-P+0.0152%1h86,299.4+0.104%$714K$7.9M30xas long as short
Aftermath Perps BTCUSD+0.0168%1h86,298.3+0.103%$77K$217K20xas long as short
Deribit BTC-PERPETUAL+0.0180%1h86,259.7+0.058%$902.3M$1.51B50xas long as short
BloFin BTC-USDT+0.0204%8h86,271.5+0.071%$415.8M$641.8M150xas long as short
Kalshi KXBTCPERP+0.0206%8h86,258+0.056%$10.5M$766.0M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0222%1h86,227.5+0.020%$14.5M—200xas long as short