Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.043%

Price spread now: Aster against GMX+0.051%7-day average −0.018% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.299%+$30 on $10k

Price spread, last 4 days (all we have)−0.345%−$35 · spread now +0.051%, 7d avg −0.018%

Together, before fees−0.046%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.069% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AR/USD [WBTC.b-USDC]	4.2608	L −0.0140% / S +0.0550%	get 0.0018% / 1h	7m 50s	$547K	—	50x
Short	Aster ARUSDT	4.2630	0.0100	get 0.0100% / 8h	1h 07m	$32K	$411K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $50.47
Price spread: +0.051% → −0.018%: $6.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $37.37
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; Aster: live order book, 35 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 35 min ago	14.16 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_ARUSD	−0.2646%	1h	4.2652	+0.102%	$53K	$183K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]long	L −0.0140% / S +0.0550%	1h	4.2608	long leg	$547K	—	50x
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.829%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2708	+0.234%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.2630	+0.051%	$32K	$411K	10x
Binance ARUSDT	+0.0100%	8h	4.2620	+0.028%	$8.4M	$50.2M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2650	+0.098%	$4.4M	$9.1M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2620	+0.027%	$2.2M	$16.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2570	−0.090%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2650	+0.098%	$5.9M	$4.3M	100x	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	4.2610	+0.004%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2610	+0.004%	$3.7M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2640	+0.074%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2657	+0.114%	$245K	$517K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2650	+0.098%	$20K	$712K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2642	+0.079%	$37K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2720	+0.262%	$413K	$448K	20x	as long as short