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: BingX against Aster+0.032%7-day average — · you sell dearer than you buy

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

Long on Aster Short on BingX

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: BingX is 0.032% dearer against Aster than usual: you sell high and buy low, +$3 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	0.05239	0.0100	pay 0.0050% / 4h	1h 19m	$12K	$57K	5x
Short	BingX 2Z-USDT	0.05241	0.0100	get 0.0050% / 4h	1h 19m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$14.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	7.66 bp	28.0 bp −$28	90.5 bp −$905	725.2 bp −$72.5K	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	−0.0393%	1h	0.05235	−0.083%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.950%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05249	+0.184%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05239	+0.003%	$668K	$368K	3x	as long as short
Aster 2ZUSDTlong	+0.0100%	4h	0.05239	long leg	$12K	$57K	5x
Pacifica 2Z	+0.0100%	1h	0.05240	+0.012%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05237	−0.045%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05241	+0.032%	$690K	$954K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05241	+0.032%	$453K	$709K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05236	−0.064%	$91K	$68K	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	0.05240	+0.012%	$296K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05241	+0.030%	$193K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05237	−0.045%	$157K	$632K	50x	as long as short
BingX 2Z-USDTshort	+0.0100%	4h	0.05241	+0.032%	—	$6.5M	—
Variational Omni 2Z	+0.0100%	4h	0.05241	+0.023%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05242	+0.051%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2478%	1h	0.05241	+0.038%	$6K	$3K	10x	as long as short