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 KuCoin−0.144%7-day average +0.038% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2522.518% of the position

Long on KuCoin Short on Aster

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)0.000%$0 · spread now −0.144%, 7d avg +0.038%

Together, before fees−0.050%+ Points / potential airdropAster: Stage 5 · farm board−$5 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 0.182% cheaper against KuCoin than usual: you would sell low and buy high, −$18 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	KuCoin ARUSDTM	4.4750	0.0100	pay 0.0100% / 8h	2h 38m	$1.4M	$1.2M	50x
Short	Aster ARUSDT	4.4686	0.0100	get 0.0100% / 8h	2h 38m	$20K	$630K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → +0.038%: −$18.19
Slippage, 4 orders: −$231.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$269.95
Costs to cover: 2.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 49 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 KuCoin live order book, 2 min ago	6.70 bp	96.2 bp −$96	505.9 bp −$5,059	doesn't fit	doesn't fit
Sell Aster live order book, 49 min ago	7.76 bp	23.1 bp −$23	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	−0.2006%	1h	4.4717	−0.074%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4740	−0.022%	$575K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.168%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4797	+0.105%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.4686	−0.144%	$20K	$630K	10x
Binance ARUSDT	+0.0100%	8h	4.4733	−0.038%	$8.8M	$56.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4730	−0.045%	$4.6M	$8.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.4700	−0.112%	$2.2M	$20.7M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4690	−0.134%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4730	−0.045%	$6.7M	$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 ARUSDTMlong	+0.0100%	8h	4.4750	long leg	$1.4M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.4700	−0.112%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4710	−0.089%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4670	−0.178%	$137K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4700	−0.112%	$57K	$747K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4727	−0.050%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4730	−0.045%	$420K	$669K	20x	as long as short