Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%

Price spread now: dYdX against Aster+0.057%49s7-day average — · you sell dearer than you buy

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

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.057% dearer against Aster than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ATHUSDT	0.005554	0.0100	pay 0.0050% / 4h	32m 58s	$4K	$38K	5x
Short	dYdX ATH-USD	0.005557	0	get 0.0000% / 1h	32m 58s	$11K	$16	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21
Price spread: +0.057% → 0.000%: $5.72
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$33.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; dYdX: 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 no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Aster and dYdX: 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.

ATH on 13 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_ATHUSD	−0.3581%	1h	0.005544	−0.189%	$19K	$106K	10x	as long as short
dYdX ATH-USDshort	0.0000%	1h	0.005557	+0.057%	$11K	$16	5x
Variational Omni ATH	+0.0021%	4h	0.005541	−0.229%	$186K	$94K	—	as long as short
BloFin ATH-USDT	+0.0078%	4h	0.005559	+0.088%	$173K	$62K	75x	as long as short
OKX ATH-USDT-SWAP	+0.0082%	4h	0.005545	−0.164%	$703K	$1.2M	20x	as long as short
Aster ATHUSDTlong	+0.0100%	4h	0.005554	long leg	$4K	$38K	5x
Binance ATHUSDT	+0.0100%	4h	0.005552	−0.033%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005543	−0.200%	$4.4M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005545	−0.164%	$791K	$516K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005556	+0.034%	$8.9M	$568K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005549	−0.092%	$567K	$78K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005554	−0.002%	$1.6M	$793K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005547	−0.128%	—	$21.5M	—	as long as short