Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against Aster−0.067%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.067%, 7d avg −0.020%

Together, before fees−0.056%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.047% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.4813	0.0100	pay 0.0100% / 8h	1h 41m	$20K	$621K	10x
Short	Binance ARUSDT	4.4783	0.0100	get 0.0100% / 8h	1h 41m	$8.8M	$55.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.020%: −$4.68
Slippage, 4 orders: −$69.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.67
Costs to cover: 0.880%
Break-even: never at this rate

Slippage from Aster: live order book, 41 min ago; Binance: live order book, 16 min ago.

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 live order book, 41 min ago	7.79 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.12 bp	16.5 bp −$16	48.7 bp −$487	338.3 bp −$33.8K	doesn't fit

AR on 17 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_ARUSD	−0.1932%	1h	4.4785	−0.063%	$46K	$154K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4793	−0.045%	$575K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.023%	$3K	$339	5.5x	as long as short
OKX AR-USDT-SWAP	+0.0086%	8h	4.4750	−0.141%	$2.3M	$20.5M	20x	as long as short
MEXC AR_USDT	+0.0099%	8h	4.4780	−0.074%	$6.7M	$4.5M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4846	+0.073%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.4813	long leg	$20K	$621K	10x
Binance ARUSDTshort	+0.0100%	8h	4.4783	−0.067%	$8.8M	$55.5M	75x
Bybit ARUSDT	+0.0100%	8h	4.4780	−0.074%	$4.6M	$8.9M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4770	−0.097%	$2.5M	$2.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4770	−0.097%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4740	−0.164%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4770	−0.097%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4711	−0.229%	$136K	$174K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4760	−0.119%	$57K	$746K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4767	−0.103%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4740	−0.164%	$418K	$668K	20x	as long as short