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−0.0152%/8h= −16.7% APRnext payment $0.76 per $10,000 · paid last 24h −0.009%
Price spread now: Aster against Binance+0.077%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−$110as in the Price arb table
costs, in and out, $10k−$1271.268% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.101%−$10 on $10k
Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.077%, 7d avg −0.088%
Together, before fees−0.048%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.166% dearer against Binance than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.088%): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 5 days (−0.101% in total) that is about 8.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance 4USDT0.021780.0580pay 0.0290% / 4h36m 39s$8.4M$11.1M20x
ShortAster 4USDT0.021790.0428get 0.0214% / 4h36m 39s$249K$95K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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
−$32.01
Price spread: +0.077% → −0.088%
$16.56
Slippage, 4 orders
−$108.78
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$142.23
Costs to cover
1.268%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; Aster: live order book, 40 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 Binance live order book, 3 min ago2.06 bp24.9 bp −$25237.2 bp −$2,372doesn't fitdoesn't fit
Sell Aster live order book, 40 min ago5.33 bp47.9 bp −$48doesn'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%4h0.02183+0.256%$53K$5Kas long as short
SunX 4-USDT+0.0100%4h0.02173−0.213%$2K$1.0M20xas long as short
Aster 4USDTshort+0.0428%4h0.02179+0.077%$249K$95K5x
Gate 4_USDT+0.0544%4h0.02179+0.057%$593K$237K20xas long as short
Binance 4USDTlong+0.0580%4h0.02178long leg$8.4M$11.1M20x
MEXC 4_USDT+0.0588%4h0.02177−0.030%$1.9M$850K100xas long as short
KuCoin 4USDTM+0.0590%4h0.02176−0.076%$954K$13.0M20xas long as short
Bybit 4USDT+0.0612%4h0.02176−0.080%$2.9M$1.7M5xas long as short
BingX 4-USDT+0.0628%4h0.02181+0.159%$1.4Mas long as short