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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment $1.03 per $10,000 · paid last 24h −0.010%
Price spread now: Aster against SunX+0.019%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 3 days (all we have)+0.051%+$5 · spread now +0.019%, 7d avg +0.011%
Together, before fees+0.015%+ 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 +0.011%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BTC-USDT86,524.70.0100pay 0.0100% / 8h51m 19s$3.4M$5.4M100x
ShortAster BTCUSDT86,540.9−0.0003pay 0.0003% / 8h51m 19s$502.4M$1.15B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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
−$21.58
Price spread: +0.019% → +0.011%
$0.82
Slippage, 4 orders
−$4.71
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$41.47
Costs to cover
0.207%
Break-even
never at this rate
Slippage from SunX: live order book, 7 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 SunX live order book, 7 min ago1.21 bp6.3 bp −$66.6 bp −$669.2 bp −$918doesn't fit
Sell Aster live order book, 3 min ago0.01 bp4.5 bp −$46.6 bp −$668.2 bp −$82011.0 bp −$5,516

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−0.0118%1h86,543+0.021%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,565+0.047%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,601+0.088%$333K$26.8M52xas long as short
RISEx BTC/USDC−0.0024%1h86,547.5+0.026%$8.3M$42.9M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,556.1+0.036%$358K$2.5M50xas long as short
Aster BTCUSDTshort−0.0003%8h86,540.9+0.019%$502.4M$1.15B200x
Deribit BTC-PERPETUAL0.0000%1h86,569.8+0.052%$916.8M$1.49B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,558.5+0.039%$36.9M200xas long as short
KuCoin XBTUSDTM+0.0010%8h86,535.4+0.012%$849.0M$713.9M125xas long as short
Reya BTCRUSDPERP+0.0024%1h86,533.6+0.010%$6.7M$145.3M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0041%8h86,540.2+0.018%$1.59Bas long as short
dYdX BTC-USD+0.0045%1h86,591.4+0.077%$17.0M$21.1M50xas long as short
Phemex BTCUSDT+0.0045%8h86,537.8+0.015%$149.6M$479.5M150xas long as short
Bitget BTCUSDT+0.0052%8h86,529.9+0.006%$2.96B$5.12B150xas long as short
MEXC BTC_USDT+0.0071%8h86,536.2+0.013%$5.14B$5.62B500xas long as short
Binance BTCUSDT+0.0072%8h86,531.1+0.007%$9.43B$24.54B150xas long as short
Aevo BTC-PERP+0.0072%1h86,532.7+0.009%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0081%8h86,539+0.017%$5.88B$10.71B200xas long as short
Lighter BTC+0.0096%1h86,544.5+0.023%$170.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,555.5+0.036%$24.1M$151.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,537+0.014%$8.5M$52.5M100xas long as short
Aftermath Perps BTCUSD+0.0097%1h86,536.1+0.013%$79K$220K20xas long as short
Bybit BTCUSDT+0.0099%8h86,535.1+0.012%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,522−0.003%$199K$7.0M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,586.7+0.072%$4.8M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,559.1+0.040%$21.8M$234.7M50xas long as short
Hyperliquid BTC+0.0100%1h86,618+0.108%$3.80B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,592.1+0.078%$41.2M$521.5M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,535.9+0.013%$2.55B$12.74B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,555+0.035%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,575.9+0.059%$7.6M$95.0M40xas long as short
Bulk BTC-USD+0.0100%1h86,382.9−0.164%$571.1M$18.1M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,541.9+0.020%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,463.3−0.071%$155.7M$568.3Mas long as short
edgeX BTCUSDC+0.0100%4h86,512.3−0.014%$279.6M$945.1M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,538.5+0.016%$217.2M$173.5M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,585.9+0.071%$141.5M$323.6M100xas long as short
StandX BTC-USD+0.0100%1h86,534.4+0.011%$30.7M$204.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,593.7+0.080%$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,538+0.015%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,538+0.015%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,542.3+0.020%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,570.9+0.053%$140K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,571.2+0.054%$30.6M$62.6M15xas long as short
SunX BTC-USDTlong+0.0100%8h86,524.7long leg$3.4M$5.4M100x
SoDEX BTC-USD+0.0100%1h86,536+0.013%$60.5M$337.6M40xas long as short
HTX BTC-USDT+0.0100%8h86,532.8+0.009%$2.30B$969.5M200xas long as short
Extended BTC-USD+0.0104%1h86,516.4−0.010%$45.4M$227.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,557.8+0.038%$99.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,564+0.045%$191.9M$949.5M100xas long as short
Perpl BTC+0.0112%43m86,589.7+0.075%$417K$23.4M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,578.6+0.062%$132.8M$5.68B50xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,592.1+0.078%$718K$8.0M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0191% / S −0.0213%1h86,554.2+0.034%$15.1M200xas long as short
BloFin BTC-USDT+0.0192%8h86,530.5+0.007%$414.3M$658.1M150xas long as short
Kalshi KXBTCPERP+0.0205%8h86,583+0.067%$9.7M$740.2M6.4xas long as short