Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0651%/8h= −71.3% APRpaid last 24h −0.155%

Price spread now: GMX against Aster−0.072%7-day average +0.021% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.623%−$62 on $10k

Price spread, last 4 days (all we have)+0.693%+$69 · spread now −0.072%, 7d avg +0.021%

Together, before fees+0.070%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.093% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.4691	0.0100	pay 0.0100% / 8h	4h 05m	$26K	$478K	10x
Short	GMX AR/USD [WBTC.b-USDC]	4.4659	L −0.0141% / S +0.0551%	pay 0.0069% / 1h	5m 01s	$574K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$136.73
Price spread: −0.072% → +0.021%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$166.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 52 min ago; GMX: 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 Aster live order book, 52 min ago	12.19 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

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
GMX AR/USD [WBTC.b-USDC]short	L −0.0141% / S +0.0551%	1h	4.4659	−0.072%	$574K	—	50x
OKX AR-USDT-SWAP	+0.0063%	8h	4.4560	−0.294%	$2.3M	$17.7M	20x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.4691	long leg	$26K	$478K	10x
Binance ARUSDT	+0.0100%	8h	4.4619	−0.163%	$8.8M	$49.8M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4610	−0.182%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4640	−0.115%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4620	−0.160%	$6.3M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4640	−0.115%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4570	−0.271%	$3.9M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4620	−0.160%	—	$2.8M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AR	+0.0100%	8h	4.4682	−0.020%	$236K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4800	+0.243%	$19K	$718K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4606	−0.192%	$37K	$236K	10x	as long as short
Hyperliquid AR	+0.0211%	1h	4.4702	+0.024%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4720	+0.064%	$423K	$469K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0696%	1h	4.4641	−0.113%	$60K	$159K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.4770	+0.176%	$2K	$5K	5.5x	as long as short