Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Aster−0.063%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Orderly

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.063% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster FETUSDT	0.2005	0.0100	pay 0.0100% / 8h	1h 08m	$187K	$817K	10x
Short	Orderly PERP_FET_USDC	0.2004	0.0100	get 0.0100% / 8h	1h 08m	$36K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → 0.000%: −$6.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.3
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 34 min ago; Orderly: 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 live order book, 34 min ago	12.52 bp	16.5 bp −$17	180.6 bp −$1,806	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

FET on 20 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
Deribit FET_USDC-PERPETUAL	−0.4221%	1h	0.2004	−0.063%	$41K	$313K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0688%	1h	0.2012	+0.336%	$151K	$264K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.2004	−0.078%	$20K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+0.236%	$3K	$166K	12x	as long as short
Aster FETUSDTlong	+0.0100%	8h	0.2005	long leg	$187K	$817K	10x
Gate FET_USDT	+0.0100%	8h	0.2003	−0.113%	$2.6M	$12.9M	50x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2003	−0.113%	$10.5M	$18.3M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2008	+0.143%	$285K	$506K	—	as long as short
Orderly PERP_FET_USDCshort	+0.0100%	8h	0.2004	−0.063%	$36K	$11K	10x
Extended FET-USD	+0.0128%	1h	0.2004	−0.054%	$37K	$203K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FET_USDT	+0.0130%	8h	0.2004	−0.063%	$29.5M	$25.2M	200x	as long as short
Binance FETUSDT	+0.0131%	8h	0.2005	−0.026%	$30.6M	$114.4M	75x	as long as short
Bitget FETUSDT	+0.0193%	8h	0.2007	+0.087%	$16.3M	$11.8M	75x	as long as short
BingX FET-USDT	+0.0193%	8h	0.2005	−0.013%	—	$5.9M	—	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.2003	−0.092%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0250%	8h	0.2006	+0.037%	$1.7M	$3.2M	100x	as long as short
OKX FET-USDT-SWAP	+0.0400%	4h	0.2005	−0.013%	$992K	$8.1M	20x	as long as short
Phoenix FET	+0.0635%	1h	0.2011	+0.261%	$35K	$38K	5x	as long as short
Kraken Futures PF_FETUSD	+0.0648%	1h	0.2007	+0.085%	$991K	$2.2M	50x	as long as short
Hyperliquid FET	+0.0653%	1h	0.2006	+0.037%	$8.4M	$8.4M	5x	as long as short