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

BTC

all BTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0082%/8h= −9.0% APRnext payment $0.82 per $10,000 · paid last 24h +0.003%
Price spread now: Aster against Bitget+0.014%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.200% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.018%−$2 · spread now +0.014%, 7d avg +0.002%
Together, before fees−0.016%+ 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 +0.002%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTCUSDT85,2800.0100pay 0.0100% / 8h0m 44s$2.97B$5.20B150x
ShortAster BTCUSDT85,291.60.0018get 0.0018% / 8h0m 44s$502.3M$1.09B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
−$17.24
Price spread: +0.014% → +0.002%
$1.16
Slippage, 4 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$36.1
Costs to cover
0.200%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Aster: live order book, 3 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 Bitget live order book, 3 min ago0.01 bp6.0 bp −$66.0 bp −$607.0 bp −$7018.2 bp −$4,084
Sell Aster live order book, 3 min ago0.01 bp4.0 bp −$44.3 bp −$435.0 bp −$5008.5 bp −$4,266

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
Hotstuff BTC-PERP−0.0080%1h85,266−0.016%$8K$3K50xas long as short
Phoenix BTC−0.0034%1h85,306+0.030%$2.3M$10.8M40xas long as short
BloFin BTC-USDT−0.0020%8h85,279.80.000%$421.4M$684.9M150xas long as short
KuCoin XBTUSDTM−0.0003%8h85,282+0.002%$928.8M$776.6M125xas long as short
01 Exchange BTCUSD0.0000%1h85,290.2+0.012%$345K$2.3M50xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h85,294.1+0.017%$36.5M200xas long as short
Aster BTCUSDTshort+0.0018%8h85,291.6+0.014%$502.3M$1.09B200x
dYdX BTC-USD+0.0021%1h85,277.8−0.003%$16.7M$21.0M50xas long as short
Kraken Futures PF_XBTUSD+0.0026%1h85,290.7+0.013%$186.3M$953.9M100xas long as short
Injective BTC/USDC PERP+0.0067%1h85,267−0.015%$311K$26.1M52xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0067%8h85,263.8−0.019%$17.5Mas long as short
Bybit BTCUSDT+0.0090%8h85,294.6+0.017%$5.09B$10.03B150xas long as short
Deribit BTC-PERPETUAL+0.0091%1h85,313.9+0.040%$829.7M$1.67B50xas long as short
Nado BTC-PERP+0.0096%1h85,250.1−0.035%$24.0M$219.8M50xas long as short
Lighter BTC+0.0096%1h85,307.7+0.032%$169.5M$1.03B50xas long as short
Lighter RH BTC+0.0096%1h85,305.5+0.030%$23.6M$149.3M50xas long as short
Popdex BTCUSDT+0.0096%1h85,283+0.004%$8.4M$57.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,278−0.002%$2.4M$6.7M20xas long as short
ApeX Omni BTCUSDT+0.0097%1h85,273.7−0.007%$138.0M$312.8M100xas long as short
Katana Perps BTC-USD+0.0100%8h85,241−0.046%$264K$8.7M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,335+0.064%$5.7M$9.5M50xas long as short
Pacifica BTC+0.0100%1h85,311.9+0.037%$40.0M$605.4M50xas long as short
Binance BTCUSDT+0.0100%8h85,289.6+0.011%$9.40B$25.18B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,299.1+0.022%$2.61B$12.26B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,251−0.034%$3.8M$17.3M25xas long as short
Arcus BTC-USD+0.0100%1h85,276.5−0.004%$4.6M$97.7M40xas long as short
Bulk BTC-USD+0.0100%1h85,256−0.028%$695.2M$190.7M40xas long as short
Gate BTC_USDT+0.0100%8h85,274.3−0.007%$5.46B$11.19B200xas long as short
MEXC BTC_USDT+0.0100%8h85,291.9+0.014%$5.03B$5.78B500xas long as short
Bitget BTCUSDTlong+0.0100%8h85,280long leg$2.97B$5.20B150x
Backpack BTC_USDC_PERP+0.0100%1h85,285.8+0.007%$36.7M$191.2M75xas long as short
Variational Omni BTC+0.0100%8h85,265.8−0.017%$155.3M$548.8Mas long as short
edgeX BTCUSDC+0.0100%4h85,267.5−0.015%$282.8M$959.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,278.8−0.001%$214.0M$159.3M50xas long as short
StandX BTC-USD+0.0100%1h85,287+0.008%$30.1M$215.9M40xas long as short
Vest BTC-PERP+0.0100%1h85,352.9+0.086%$9.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,282+0.002%$10.9M$15.0M50xas long as short
Bullet BTC-USD+0.0100%1h85,285.5+0.006%$199K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,279.80.000%$2.6M$9.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,334.1+0.063%$193K$796K40xas long as short
Derive BTC-PERP+0.0100%1h85,317.2+0.044%$28.8M$46.9M15xas long as short
SunX BTC-USDT+0.0100%8h85,249−0.036%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,276−0.005%$59.7M$336.6M40xas long as short
HTX BTC-USDT+0.0100%8h85,267.5−0.015%$2.25B$974.1M200xas long as short
Phemex BTCUSDT+0.0100%8h85,293+0.015%$158.8M$516.3M150xas long as short
Extended BTC-USD+0.0104%1h85,257.3−0.027%$45.7M$241.3M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0056%1h85,266.9−0.015%$106.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h85,334.7+0.064%$111.6M$5.47B50xas long as short
Hyperliquid BTC+0.0131%1h85,367+0.102%$3.79B$5.11B40xas long as short
Reya BTCRUSDPERP+0.0145%1h85,278.1−0.002%$6.6M$141.1M40xas long as short
Kalshi KXBTCPERP+0.0173%8h85,290+0.012%$11.9M$737.5M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0149%1h85,281.5+0.002%$13.0M200xas long as short
RISEx BTC/USDC+0.0174%1h85,285.7+0.007%$8.9M$42.9M25xas long as short
Aftermath Perps BTCUSD+0.0287%1h85,296.9+0.020%$81K$249K20xas long as short
Hibachi BTC/USDT-P+0.0304%1h85,308.7+0.034%$682K$7.8M30xas long as short
Perpl BTC+0.0447%43m85,291.7+0.014%$465K$18.4M6.7xas long as short