Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.039%

Price spread now: Aster against Coinbase International−0.573%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aster

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

Funding pays, the price is against you. Aster is 0.573% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.573% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$57 on $10k: about 12 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALGO-PERP-INTX	0.1121	−0.0064	get 0.0008% / 1h	38m 39s	$62K	$339K	50x
Short	Aster ALGOUSDT	0.1114	0.0100	get 0.0100% / 8h	2h 38m	$44K	$31K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.573%Rate

Funding earned: $34.44
Price spread: −0.573% → 0.000%: −$57.28
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.84
Costs to cover: 0.180%
Break-even: 15.3 days

Slippage unknown: Coinbase International: live order book, 49 min ago; Aster: 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 Coinbase International live order book, 49 min ago	4.47 bp	10.4 bp −$10	16.7 bp −$167	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Deribit ALGO_USDC-PERPETUAL	−0.0826%	1h	0.1114	−0.571%	$101K	$49K	25x	as long as short
Injective ALGO/USDC PERP	−0.0212%	1h	0.1115	−0.517%	$830	$175K	12x	as long as short
Bybit ALGOUSDT	−0.0136%	8h	0.1112	−0.749%	$11.2M	$12.3M	75x	as long as short
Variational Omni ALGO	−0.0077%	8h	0.1114	−0.597%	$65K	$10K	—	as long as short
Coinbase International ALGO-PERP-INTXlong	−0.0064%	1h	0.1121	long leg	$62K	$339K	50x
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1115	−0.475%	$6K	—	150x	as long as short
Kraken Futures PF_ALGOUSD	+0.0093%	1h	0.1114	−0.607%	$835K	$1.2M	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1115	−0.517%	$3.7M	$1.9M	5x	as long as short
Aster ALGOUSDTshort	+0.0100%	8h	0.1114	−0.573%	$44K	$31K	5x
Binance ALGOUSDT	+0.0100%	8h	0.1114	−0.641%	$9.9M	$35.0M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1113	−0.669%	$3.0M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1115	−0.517%	$878K	$818K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1114	−0.616%	$23.0M	$2.9M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1113	−0.696%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1114	−0.607%	$5.7M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1114	−0.616%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1114	−0.616%	$66K	$109K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1116	−0.428%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1114	−0.620%	$7K	$210K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1115	−0.482%	$491K	$792K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0237% / S −0.0158%	1h	0.1115	−0.502%	$5K	—	100x	as long as short
dYdX ALGO-USD	+0.1235%	1h	0.1115	−0.522%	$160K	$5K	5x	as long as short