Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against Aster+0.132%7-day average −0.047% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2292.288% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.314%−$31 · spread now +0.132%, 7d avg −0.047%

Together, before fees−0.372%+ Points / potential airdropAster: Stage 5 · farm board−$37 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: Gate is 0.179% dearer against Aster than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.4891	0.0100	pay 0.0100% / 8h	6h 51m	$26K	$500K	10x
Short	Gate AR_USDT	4.4950	0.0100	get 0.0100% / 8h	6h 51m	$2.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.047%: $17.86
Slippage, 4 orders: −$205.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$210.93
Costs to cover: 2.288%
Break-even: never at this rate

Slippage from Aster: live order book, 16 min ago; Gate: live order book, 1 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, 16 min ago	9.75 bp	35.6 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.45 bp	74.7 bp −$75	210.9 bp −$2,109	doesn't fit	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	−0.1700%	1h	4.5057	+0.370%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.716%	$2K	$2K	5.5x	as long as short
OKX AR-USDT-SWAP	−0.0147%	8h	4.4940	+0.110%	$2.3M	$19.5M	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4933	+0.093%	$578K	—	50x	as long as short
MEXC AR_USDT	+0.0007%	8h	4.4970	+0.176%	$6.4M	$4.2M	100x	as long as short
Binance ARUSDT	+0.0008%	8h	4.4965	+0.166%	$8.9M	$53.5M	75x	as long as short
Extended AR-USD	+0.0008%	1h	4.4954	+0.140%	$37K	$243K	10x	as long as short
BloFin AR-USDT	+0.0031%	8h	4.5040	+0.332%	$433K	$527K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5026	+0.301%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.4891	long leg	$26K	$500K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.4950	+0.132%	$4.5M	$8.5M	75x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.4950	+0.132%	$2.5M	$2.1M	50x
KuCoin ARUSDTM	+0.0100%	8h	4.4970	+0.176%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4940	+0.110%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4950	+0.132%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5018	+0.283%	$140K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5300	+0.912%	$23K	$743K	50x	as long as short