Funding arb · Price arb /

BTC

all BTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.013%

Price spread now: edgeX against Aster+0.060%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.060%, 7d avg −0.040%

Together, before fees−0.252%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.100% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.162%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BTCUSDT	86,215.7	0.0049	pay 0.0049% / 8h	7h 03m	$504.6M	$974.4M	200x
Short	edgeX BTCUSDC	86,267.1	0.0100	get 0.0050% / 4h	3h 03m	$289.9M	$986.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee AsterbpFee edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $10.68
Price spread: +0.060% → −0.040%: $9.96
Slippage, 4 orders: −$0.22
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $3.43
Costs to cover: 0.172%
Break-even: 4.8 days

Slippage from Aster: live order book, 6 min ago; edgeX: live order book, 1 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 Aster live order book, 6 min ago	0.01 bp	4.0 bp −$4	4.2 bp −$42	4.9 bp −$490	6.9 bp −$3,441
Sell edgeX live order book, 1 min ago	0.02 bp	4.5 bp −$5	4.5 bp −$45	4.7 bp −$471	5.7 bp −$2,863

BTC on 55 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	−0.0223%	1h	86,259.3	+0.051%	$196K	$673K	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,246	+0.035%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0020%	8h	86,210.2	−0.006%	$423.4M	$623.5M	150x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,227.1	+0.013%	$360K	$2.1M	50x	as long as short
Injective BTC/USDC PERP	−0.0006%	1h	86,248	+0.037%	$471K	$28.2M	52x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	86,236.1	+0.024%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0034%	8h	86,203.4	−0.014%	$938.4M	$667.2M	125x	as long as short
dYdX BTC-USD	+0.0034%	1h	86,243	+0.032%	$16.9M	$17.7M	50x	as long as short
Aster BTCUSDTlong	+0.0049%	8h	86,215.7	long leg	$504.6M	$974.4M	200x
BingX BTC-USDT	+0.0053%	8h	86,196.9	−0.022%	—	$1.45B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BTCUSDT	+0.0053%	8h	86,193.5	−0.026%	$5.12B	$9.04B	150x	as long as short
Phemex BTCUSDT	+0.0059%	8h	86,215.6	0.000%	$168.0M	$498.8M	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0068%	1h	86,228.6	+0.015%	$189.4M	$867.0M	100x	as long as short
Phoenix BTC	+0.0075%	1h	86,283	+0.078%	$2.3M	$10.4M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,220.7	+0.006%	$173.5M	$969.1M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,217.6	+0.002%	$23.4M	$137.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,222	+0.007%	$8.8M	$52.5M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	86,210.4	−0.006%	$2.4M	$6.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,197	−0.022%	$223K	$8.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,302.5	+0.101%	$6.1M	$8.7M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,211.3	−0.005%	$22.0M	$210.0M	50x	as long as short
Pacifica BTC	+0.0100%	1h	86,269	+0.062%	$40.3M	$585.4M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	86,185.6	−0.035%	$9.47B	$23.06B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,191.8	−0.028%	$2.62B	$10.77B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,224	+0.010%	$4.0M	$16.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,255.3	+0.046%	$4.6M	$93.5M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,176.9	−0.045%	$711.8M	$175.1M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	86,209.6	−0.007%	$5.47B	$10.32B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	86,201.5	−0.016%	$5.09B	$5.91B	500x	as long as short
Bitget BTCUSDT	+0.0100%	8h	86,195.5	−0.023%	$2.99B	$4.54B	150x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,188.2	−0.032%	$37.6M	$187.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,275.4	+0.069%	$158.2M	$510.0M	—	as long as short
edgeX BTCUSDCshort	+0.0100%	4h	86,267.1	+0.060%	$289.9M	$986.6M	100x
GRVT BTC_USDT_Perp	+0.0100%	8h	86,243.6	+0.032%	$216.7M	$143.1M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,270.8	+0.064%	$137.3M	$302.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,245.8	+0.035%	$30.4M	$212.7M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,304.1	+0.103%	—	$10.3M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,224	+0.010%	$11.0M	$13.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,223	+0.008%	$207K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,219.6	+0.005%	$2.6M	$9.5M	100x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,244.2	+0.033%	$3.2M	$7.0M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,214	−0.002%	$60.3M	$257.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,204.6	−0.013%	$2.28B	$909.9M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,188.2	−0.032%	$46.4M	$219.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,234.7	+0.022%	—	$94.2M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,252	+0.042%	$112.5M	$5.28B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0125%	1h	86,266.9	+0.059%	$834.1M	$1.61B	50x	as long as short
Hyperliquid BTC	+0.0140%	1h	86,287	+0.083%	$3.88B	$4.74B	40x	as long as short
Reya BTCRUSDPERP	+0.0153%	1h	86,203.4	−0.014%	$6.7M	$132.7M	40x	as long as short
Kalshi KXBTCPERP	+0.0188%	8h	86,255	+0.046%	$11.1M	$726.2M	6.4x	as long as short
RISEx BTC/USDC	+0.0194%	1h	86,253.2	+0.043%	$9.0M	$40.7M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0200% / S −0.0185%	1h	86,221.2	+0.006%	$13.3M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0280%	1h	86,292.6	+0.089%	$684K	$7.4M	30x	as long as short
Aftermath Perps BTCUSD	+0.0396%	1h	86,247	+0.036%	$82K	$252K	20x	as long as short
Perpl BTC	+0.0447%	43m	86,265.4	+0.058%	$496K	$16.5M	6.7x	as long as short