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 −0.029%

Price spread now: Aster against BingX+0.024%7-day average +0.052% · 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−$99as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.024%, 7d avg +0.052%

Together, before fees+0.113%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: Aster is 0.028% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.5150	0.0100	pay 0.0100% / 8h	1h 24m	—	$2.9M	—
Short	Aster ARUSDT	4.5161	0.0100	get 0.0100% / 8h	1h 24m	$20K	$618K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.052%: −$2.78
Slippage, 4 orders: −$78.68
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$99.45
Costs to cover: 0.967%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Aster: live order book, 58 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 BingX live order book, 10 min ago	4.47 bp	17.4 bp −$17	40.6 bp −$406	414.8 bp −$41.5K	787.9 bp −$393.9K
Sell Aster live order book, 58 min ago	7.79 bp	24.9 bp −$25	doesn't fit	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	−0.1915%	1h	4.5172	+0.048%	$47K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5208	+0.129%	$581K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+1.262%	$3K	$339	5.5x	as long as short
OKX AR-USDT-SWAP	+0.0061%	8h	4.5090	−0.133%	$2.3M	$20.5M	20x	as long as short
Binance ARUSDT	+0.0088%	8h	4.5151	+0.003%	$8.8M	$55.4M	75x	as long as short
Extended AR-USD	+0.0088%	1h	4.5219	+0.152%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0089%	8h	4.5170	+0.044%	$6.7M	$4.6M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5264	+0.252%	$3.9M	$4.8M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.5161	+0.024%	$20K	$618K	10x
Bybit ARUSDT	+0.0100%	8h	4.5130	−0.044%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5160	+0.022%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5230	+0.177%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5220	+0.155%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.5150	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.5084	−0.145%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5090	−0.133%	$57K	$748K	50x	as long as short
BloFin AR-USDT	+0.0210%	8h	4.5190	+0.089%	$421K	$670K	20x	as long as short