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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.047%
Price spread now: Gate against Aster+0.143%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,345as in the Price arb table
costs, in and out, $10k−$1,35513.552% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.226%+$23 on $10k
Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.143%, 7d avg +0.045%
Together, before fees+0.020%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.098% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.020930.0470pay 0.0235% / 4h2h 52m$245K$98K5x
ShortGate 4_USDT0.020960.0556get 0.0278% / 4h2h 52m$571K$258K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$18.03
Price spread: +0.143% → +0.045%
$9.79
Slippage, 4 orders
−$1,332.2
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,327.38
Costs to cover
13.552%
Break-even
522.2 days
Slippage from Aster: live order book, 14 min ago; Gate: live order book, 14 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, 14 min ago5.10 bp38.9 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 14 min ago6.48 bp508.4 bp −$508doesn't fitdoesn'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%4h0.02128+1.669%$49K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02095+0.105%$1K$1.1M20xas long as short
Bybit 4USDT+0.0264%4h0.02092−0.014%$2.7M$1.8M5xas long as short
Aster 4USDTlong+0.0470%4h0.02093long leg$245K$98K5x
Gate 4_USDTshort+0.0556%4h0.02096+0.143%$571K$258K20x
KuCoin 4USDTM+0.0602%4h0.02096+0.153%$923K$12.7M20xas long as short
MEXC 4_USDT+0.0624%4h0.02096+0.153%$1.6M$880K100xas long as short
Binance 4USDT+0.0625%4h0.02095+0.115%$8.1M$11.8M20xas long as short
BingX 4-USDT+0.0638%4h0.02093+0.029%$1.4Mas long as short