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−0.0348%/8h= −38.1% APRnext payment $1.74 per $10,000 · paid last 24h −0.096%
Price spread now: SunX against Aster−0.306%7-day average −0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.476%−$48 on $10k
Price spread, last 3 days (all we have)+0.235%+$23 · spread now −0.306%, 7d avg −0.060%
Together, before fees−0.241%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.247% cheaper against Aster than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.020560.0448pay 0.0224% / 4h2h 33m$247K$113K5x
ShortSunX 4-USDT0.020500.0100get 0.0050% / 4h2h 33m$2K$1.2M20x

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

Funding earned
−$73.05
Price spread: −0.306% → −0.060%
−$24.68
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$113.72
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 34 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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, 34 min ago5.10 bp38.9 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 10 min ago518.70 bpdoesn't fitdoesn'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%4h0.02039−0.849%$46K$9Kas long as short
SunX 4-USDTshort+0.0100%4h0.02050−0.306%$2K$1.2M20x
Gate 4_USDT+0.0282%4h0.02048−0.389%$552K$275K20xas long as short
Bybit 4USDT+0.0407%4h0.02055−0.083%$2.7M$1.9M5xas long as short
Aster 4USDTlong+0.0448%4h0.02056long leg$247K$113K5x
BingX 4-USDT+0.0508%4h0.02055−0.073%$1.4Mas long as short
MEXC 4_USDT+0.0538%4h0.02050−0.306%$1.6M$903K100xas long as short
Binance 4USDT+0.0555%4h0.02052−0.230%$7.9M$12.3M20xas long as short
KuCoin 4USDTM+0.0644%4h0.02051−0.258%$889K$12.7M20xas long as short