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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.0% APRnext payment $0.14 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against Aster+0.171%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1491.488% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.109%+$11 on $10k
Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.171%, 7d avg +0.088%
Together, before fees−0.197%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.083% dearer against Aster than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.088%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 6 days funding on this pair paid +0.109%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.020280.0210pay 0.0105% / 4h3h 33m$241K$109K5x
ShortBinance 4USDT0.020310.0182get 0.0091% / 4h3h 33m$7.9M$13.2M20x

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

Funding earned
−$5.81
Price spread: +0.171% → +0.088%
$8.31
Slippage, 4 orders
−$130.84
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$146.34
Costs to cover
1.488%
Break-even
never at this rate
Slippage from Aster: live order book, 18 min ago; Binance: live order book, 6 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 Aster live order book, 18 min ago6.44 bp33.3 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 6 min ago2.72 bp23.4 bp −$23120.0 bp −$1,200doesn't fitdoesn't fit

4 on 9 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
Bybit 4USDT+0.0100%4h0.02027−0.026%$2.6M$2.0M5xas long as short
Variational Omni 4+0.0100%4h0.02022−0.295%$46K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02026−0.080%$2K$1.3M20xas long as short
Gate 4_USDT+0.0112%4h0.02031+0.166%$545K$293K20xas long as short
MEXC 4_USDT+0.0180%4h0.02027−0.031%$1.6M$911K100xas long as short
Binance 4USDTshort+0.0182%4h0.02031+0.171%$7.9M$13.2M20x
BingX 4-USDT+0.0194%4h0.02031+0.166%$1.4Mas long as short
Aster 4USDTlong+0.0210%4h0.02028long leg$241K$109K5x
KuCoin 4USDTM+0.0556%4h0.02026−0.080%$854K$12.4M20xas long as short