Funding arb · Price arb /

ALGO

all ALGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.115%

Price spread now: Aster against Deribit−0.089%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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 0.089% cheaper against Deribit than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALGO_USDC-PERPETUAL	0.1101	−0.0022	get 0.0003% / 1h	42m 50s	$87K	$45K	25x
Short	Aster ALGOUSDT	0.1100	0.0100	get 0.0100% / 8h	1h 42m	$44K	$36K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.089%Rate

Funding earned: $25.62
Price spread: −0.089% → 0.000%: −$8.9
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.72
Costs to cover: 0.150%
Break-even: 6.5 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Deribit and 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	−0.0275%	1h	0.1102	+0.031%	$818K	$1.1M	50x	as long as short
Deribit ALGO_USDC-PERPETUALlong	−0.0022%	1h	0.1101	long leg	$87K	$45K	25x
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1102	+0.035%	$16K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+1.698%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1102	+0.032%	$3.3M	$2.3M	5x	as long as short
Aster ALGOUSDTshort	+0.0100%	8h	0.1100	−0.089%	$44K	$36K	5x
Binance ALGOUSDT	+0.0100%	8h	0.1100	−0.077%	$9.4M	$34.6M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1099	−0.182%	$10.9M	$12.7M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1100	−0.109%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1099	−0.173%	$831K	$943K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1101	−0.045%	$23.0M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1100	−0.118%	$3.4M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1101	−0.027%	$5.4M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1100	−0.073%	—	$3.4M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1096	−0.444%	$60K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1100	−0.082%	$59K	$135K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1103	+0.154%	$3.7M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1101	−0.067%	$4K	$198K	10x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0136%	1h	0.1106	+0.436%	$62K	$248K	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1102	+0.036%	$470K	$869K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0318% / S −0.0264%	1h	0.1102	+0.065%	$6K	—	100x	as long as short
dYdX ALGO-USD	+0.0829%	1h	0.1101	−0.004%	$159K	$5K	5x	as long as short