Settings8H · net · $10k
Funding arb · Price arb /

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0798%/8h= −87.3% APRnext payment $3.99 per $10,000 · paid last 24h −0.198%
Price spread now: edgeX against Aster−0.358%60s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1501.499% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.185%−$119 on $10k
Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.358%, 7d avg +0.039%
Together, before fees−0.968%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board−$97 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and edgeX is 0.398% cheaper against Aster than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BUSDT0.20580.1592pay 0.0796% / 4h3h 46m$1.9M$213K5x
ShortedgeX BUSDC0.20510.0795get 0.0397% / 4h3h 46m$3K$391K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$167.51
Price spread: −0.358% → +0.039%
−$39.79
Slippage, 4 orders
−$132.87
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$357.16
Costs to cover
1.499%
Break-even
never at this rate
Slippage from Aster: live order book, 2 min ago; edgeX: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 2 min ago12.16 bp38.0 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 27 min ago9.83 bp40.0 bp −$40doesn't fitdoesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate B_USDT+0.0492%4h0.2057−0.049%$3.5M$601K20xas long as short
KuCoin BUSDTM+0.0660%4h0.2052−0.296%$1.9M$72K10xas long as short
BloFin B-USDT+0.0786%4h0.2057−0.049%$602K$40K20xas long as short
edgeX BUSDCshort+0.0795%4h0.2051−0.358%$3K$391K5x
MEXC B_USDT+0.0822%4h0.2057−0.049%$1.0M$352K100xas long as short
Binance BUSDT+0.0822%4h0.2056−0.097%$11.9M$2.0M20xas long as short
Extended B-USD+0.0824%1h0.2059+0.027%$17K$136K5xas long as short
Bitget BUSDT+0.1264%4h0.2056−0.097%$2.8M$244K10xas long as short
Aster BUSDTlong+0.1592%4h0.2058long leg$1.9M$213K5x
BingX B-USDT+0.1630%4h0.2057−0.049%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BUSDT+0.1812%4h0.2053−0.238%$1.8M$957K13xas long as short