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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0245%/8h= +26.8% APRnext payment +$1.22 per $10,000 · paid last 24h +0.008%
Price spread now: BingX against Aster+0.012%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$1981.985% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.158%+$16 on $10k
Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.012%, 7d avg +0.093%
Together, before fees+0.093%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.082% cheaper against Aster than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.093%). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day). At the pace of the last 5 days (+0.158% in total) that is about 2.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.021930.0429pay 0.0215% / 4h1h 41m$251K$93K5x
ShortBingX 4-USDT0.021930.0674get 0.0337% / 4h1h 41m$1.4M

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

Funding earned
$51.42
Price spread: +0.012% → +0.093%
−$8.15
Slippage, 4 orders
−$180.47
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$155.2
Costs to cover
1.985%
Break-even
28.1 days
Slippage from Aster: live order book, 40 min ago; BingX: live order book, 5 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, 40 min ago7.80 bp32.2 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 5 min ago30.32 bp53.6 bp −$54113.2 bp −$1,132doesn'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
Variational Omni 4+0.0100%4h0.02188−0.242%$53K$9Kas long as short
SunX 4-USDT+0.0100%4h0.02195+0.085%$2K$999K20xas long as short
MEXC 4_USDT+0.0408%4h0.02194+0.039%$2.1M$823K100xas long as short
Binance 4USDT+0.0418%4h0.02193−0.015%$8.5M$10.8M20xas long as short
Aster 4USDTlong+0.0429%4h0.02193long leg$251K$93K5x
Gate 4_USDT+0.0528%4h0.02193+0.016%$599K$232K20xas long as short
KuCoin 4USDTM+0.0632%4h0.02189−0.189%$926K$13.2M20xas long as short
BingX 4-USDTshort+0.0674%4h0.02193+0.012%$1.4M
Bybit 4USDT+0.0734%4h0.02193−0.025%$2.9M$1.6M5xas long as short