Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.066%

Price spread now: GMX against Aster−0.036%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.036% cheaper against Aster than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ALGOUSDT	0.1118	0.0100	pay 0.0100% / 8h	7h 15m	$44K	$38K	5x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1117	L +0.0342% / S −0.0351%	get 0.0044% / 1h	15m 52s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $52.66
Price spread: −0.036% → 0.000%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $29.03
Costs to cover: 0.200%
Break-even: 3.1 days

Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—

Aster and GMX: 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	−0.0566%	1h	0.1118	+0.065%	$831K	$1.1M	50x	as long as short
Coinbase International ALGO-PERP-INTX	−0.0104%	1h	0.1114	−0.364%	$87K	$274K	50x	as long as short
Variational Omni ALGO	−0.0086%	8h	0.1116	−0.124%	$61K	$12K	—	as long as short
Deribit ALGO_USDC-PERPETUAL	0.0000%	1h	0.1117	−0.051%	$101K	$49K	25x	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1118	+0.018%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.218%	$834	$233K	12x	as long as short
Extended ALGO-USD	+0.0096%	1h	0.1118	−0.002%	$4K	$228K	10x	as long as short
MEXC ALGO_USDT	+0.0097%	8h	0.1117	−0.015%	$23.0M	$3.0M	200x	as long as short
Binance ALGOUSDT	+0.0097%	8h	0.1118	−0.006%	$10.0M	$34.5M	75x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1119	+0.137%	$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	0.1118	long leg	$44K	$38K	5x
Bybit ALGOUSDT	+0.0100%	8h	0.1116	−0.095%	$11.4M	$11.9M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1117	−0.051%	$2.9M	$7.5M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1118	+0.048%	$877K	$824K	50x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1118	+0.057%	$3.6M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1117	−0.051%	$5.6M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1117	−0.060%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1118	+0.021%	$63K	$140K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1119	+0.128%	$3.8M	$1.8M	50x	as long as short
BloFin ALGO-USDT	+0.0217%	8h	0.1116	−0.095%	$492K	$766K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0342% / S −0.0351%	1h	0.1117	−0.036%	$7K	—	100x
dYdX ALGO-USD	+0.1285%	1h	0.1118	+0.035%	$160K	$3K	5x	as long as short