Funding arb · Price arb /

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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 +0.029%

Price spread now: KuCoin against Aster+0.022%7-day average −0.038% · 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−$265as in the Price arb table

costs, in and out, $10k−$2712.709% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.022%, 7d avg −0.038%

Together, before fees+0.172%+ Points / potential airdropAster: Stage 5 · farm board+$17 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: KuCoin is 0.060% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.4870	0.0100	pay 0.0100% / 8h	2h 28m	$20K	$621K	10x
Short	KuCoin ARUSDTM	4.4880	0.0100	get 0.0100% / 8h	2h 28m	$1.4M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.038%: $6.03
Slippage, 4 orders: −$250.94
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$264.92
Costs to cover: 2.709%
Break-even: never at this rate

Slippage from Aster: live order book, 59 min ago; KuCoin: live order book, 2 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, 59 min ago	7.76 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	5.57 bp	105.2 bp −$105	500.7 bp −$5,007	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	−0.2001%	1h	4.4835	−0.077%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4845	−0.056%	$576K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+1.894%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4915	+0.100%	$3.8M	$4.9M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.4870	long leg	$20K	$621K	10x
Binance ARUSDT	+0.0100%	8h	4.4850	−0.045%	$8.8M	$56.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4850	−0.045%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4820	−0.111%	$2.2M	$20.7M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4850	−0.045%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4840	−0.067%	$6.9M	$4.8M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTMshort	+0.0100%	8h	4.4880	+0.022%	$1.4M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.4860	−0.022%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4850	−0.045%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4743	−0.283%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4770	−0.223%	$57K	$746K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4839	−0.070%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4860	−0.022%	$420K	$670K	20x	as long as short