Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.038%

Price spread now: Binance against Aster−0.128%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.128% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 2ZUSDT	0.05190	0.0100	pay 0.0050% / 4h	2h 10m	$12K	$57K	5x
Short	Binance 2ZUSDT	0.05183	0.0100	get 0.0050% / 4h	2h 10m	$2.1M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → 0.000%: −$12.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.96 bp	25.0 bp −$25	129.7 bp −$1,297	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

2Z on 17 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
Backpack 2Z_USDC_PERP	−0.0560%	1h	0.05181	−0.167%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.040%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05194	+0.084%	$16K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05183	−0.130%	$663K	$374K	3x	as long as short
Aster 2ZUSDTlong	+0.0100%	4h	0.05190	long leg	$12K	$57K	5x
Pacifica 2Z	+0.0100%	1h	0.05188	−0.036%	$75K	$14K	3x	as long as short
Binance 2ZUSDTshort	+0.0100%	4h	0.05183	−0.128%	$2.1M	$2.3M	50x
Bybit 2ZUSDT	+0.0100%	4h	0.05188	−0.032%	$682K	$962K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05186	−0.070%	$446K	$709K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05183	−0.128%	$92K	$69K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05186	−0.070%	$293K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05194	+0.089%	$191K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05189	−0.013%	$148K	$611K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05185	−0.090%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05185	−0.088%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05188	−0.032%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1050%	1h	0.05200	+0.199%	$6K	$3K	10x	as long as short