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: SunX against Aster−0.012%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 SunX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 2ZUSDT	0.05229	0.0100	pay 0.0050% / 4h	29m 54s	$12K	$57K	5x
Short	SunX 2Z-USDT	0.05228	0.0100	get 0.0050% / 4h	29m 54s	$2K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → 0.000%: −$1.15
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	501.15 bp	doesn't fit	doesn't fit	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	−0.0695%	1h	0.05225	−0.069%	$45K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.755%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05235	+0.122%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05236	+0.136%	$676K	$366K	3x	as long as short
Aster 2ZUSDTlong	+0.0100%	4h	0.05229	long leg	$12K	$57K	5x
Pacifica 2Z	+0.0100%	1h	0.05227	−0.029%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05229	+0.015%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05236	+0.141%	$690K	$977K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05231	+0.046%	$450K	$722K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05223	−0.107%	$91K	$65K	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	0.05235	+0.122%	$293K	$126K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05229	+0.010%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05231	+0.046%	$162K	$626K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05233	+0.084%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.067%	$33K	$29K	—	as long as short
SunX 2Z-USDTshort	+0.0100%	4h	0.05228	−0.012%	$2K	$1.2M	20x
Kraken Futures PF_2ZUSD	+0.0799%	1h	0.05231	+0.047%	$5K	$3K	10x	as long as short