Settings8H · net · $10k
Funding arb · Price arb /

APR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0788%/8h= +86.2% APRnext payment +$3.94 per $10,000 · paid last 24h +0.105%
Price spread now: Aster against SunX−0.215%46s7-day average −0.248% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.362%+$36 on $10k
Price spread, last 4 days (all we have)−0.414%−$41 · spread now −0.215%, 7d avg −0.248%
Together, before fees−0.051%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Aster is 0.033% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.248%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.362% in total (about 24.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX APR-USDT0.14740.0100pay 0.0050% / 4h3h 32m$2K$1.1M20x
ShortAster APRUSDT0.14710.0888get 0.0444% / 4h3h 32m$71K$80K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$165.39
Price spread: −0.215% → −0.248%
$3.29
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
$152.68
Costs to cover
0.160%
Break-even
0.5 days
Slippage unknown: SunX: live order book, 11 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago26.07 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.

APR on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance APRUSDT+0.0100%4h0.1473−0.109%$6.7M$5.2M50xas long as short
Bybit APRUSDT+0.0100%4h0.1473−0.095%$1.4M$642K20xas long as short
MEXC APR_USDT+0.0100%4h0.1472−0.149%$358K$175K50xas long as short
SunX APR-USDTlong+0.0100%4h0.1474long leg$2K$1.1M20x
HTX APR-USDT+0.0100%4h0.1476+0.122%$19K$58K20xas long as short
BloFin APR-USDT+0.0123%4h0.1473−0.081%$288K$110K50xas long as short
Bitget APRUSDT+0.0314%4h0.1474−0.027%$3.9M$986K50xas long as short
OKX APR-USDT-SWAP+0.0347%4h0.1475+0.054%$1.3M$2.5M20xas long as short
Gate APR_USDT+0.0350%4h0.1471−0.217%$694K$192K25xas long as short
BingX APR-USDT+0.0382%4h0.1473−0.081%$1.4Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster APRUSDTshort+0.0888%4h0.1471−0.215%$71K$80K5x
KuCoin APRUSDTM+0.0944%4h0.1472−0.183%$2.4M$340K50xas long as short