Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Aster against dYdX−0.031%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 0.031% cheaper against dYdX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX APE-USD	0.1469	0	get 0.0000% / 1h	54m 28s	$9K	$5	5x
Short	Aster APEUSDT	0.1468	0.0100	get 0.0100% / 8h	6h 54m	$122K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $21
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$0.12
Costs to cover: 0.180%
Break-even: 7.0 days

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 11 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 11 min ago	10.11 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit

dYdX: 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.

APE on 20 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_APEUSD	−0.0225%	1h	0.1468	−0.015%	$408K	$614K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1466	−0.152%	$1K	—	100x	as long as short
dYdX APE-USDlong	0.0000%	1h	0.1469	long leg	$9K	$5	5x
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.907%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1467	−0.110%	$11K	$18K	25x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.170%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1470	+0.128%	$1.3M	$386K	5x	as long as short
Aster APEUSDTshort	+0.0100%	8h	0.1468	−0.031%	$122K	$22K	10x
Binance APEUSDT	+0.0100%	8h	0.1467	−0.087%	$4.1M	$6.6M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1467	−0.144%	$3.6M	$3.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1468	−0.028%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1468	−0.035%	$627K	$294K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1469	+0.026%	$4.2M	$879K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1468	−0.042%	$1.8M	$2.4M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1468	−0.042%	$2.1M	$576K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1469	+0.026%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1464	−0.285%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1469	+0.011%	$4K	$205K	10x	as long as short
BloFin APE-USDT	+0.0117%	8h	0.1469	+0.026%	$221K	$53K	75x	as long as short
Coinbase International APE-PERP-INTX	+0.0904%	1h	0.1468	−0.042%	$99K	$7K	25x	as long as short