Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.039%

Price spread now: Coinbase International against Aster+0.198%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Coinbase International is 0.198% dearer against Aster than usual: you sell high and buy low (spread +0.198% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ALGOUSDT	0.1111	0.0100	pay 0.0100% / 8h	7h 18m	$44K	$38K	5x
Short	Coinbase International ALGO-PERP-INTX	0.1114	−0.0104	pay 0.0013% / 1h	18m 10s	$87K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.198%Rate

Funding earned: −$42.84
Price spread: +0.198% → 0.000%: $19.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$41.03
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Coinbase International: live order book, 55 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 55 min ago	8.46 bp	14.3 bp −$14	22.9 bp −$229	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ALGO on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSD	−0.0568%	1h	0.1114	+0.251%	$828K	$1.1M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0109%	1h	0.1112	+0.090%	$101K	$49K	25x	as long as short
Coinbase International ALGO-PERP-INTXshort	−0.0104%	1h	0.1114	+0.198%	$87K	$274K	50x
Variational Omni ALGO	−0.0099%	8h	0.1115	+0.321%	$61K	$11K	—	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1112	+0.063%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.783%	$834	$233K	12x	as long as short
Extended ALGO-USD	+0.0096%	1h	0.1112	+0.104%	$4K	$228K	10x	as long as short
MEXC ALGO_USDT	+0.0096%	8h	0.1115	+0.306%	$22.9M	$3.0M	200x	as long as short
Binance ALGOUSDT	+0.0098%	8h	0.1114	+0.263%	$10.0M	$34.5M	75x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1116	+0.459%	$3.7M	$1.8M	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ALGOUSDTlong	+0.0100%	8h	0.1111	long leg	$44K	$38K	5x
Bybit ALGOUSDT	+0.0100%	8h	0.1114	+0.216%	$11.2M	$11.8M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1114	+0.243%	$2.9M	$7.5M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1113	+0.153%	$875K	$823K	50x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1115	+0.315%	$3.6M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1115	+0.333%	$5.6M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1114	+0.261%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1119	+0.648%	$63K	$138K	75x	as long as short
Phemex ALGOUSDT	+0.0144%	8h	0.1115	+0.333%	$3.8M	$1.8M	50x	as long as short
BloFin ALGO-USDT	+0.0217%	8h	0.1111	−0.027%	$489K	$762K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0341% / S −0.0351%	1h	0.1112	+0.071%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1241%	1h	0.1111	−0.053%	$159K	$3K	5x	as long as short