Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.135%

Price spread now: Coinbase International against Aster+0.129%7-day average +0.017% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.201%−$20 on $10k

Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.129%, 7d avg +0.017%

Together, before fees−0.335%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.112% dearer against Aster than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of +0.017%): +$11 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 5 days (−0.201% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.201% in total (about -13.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster FILUSDT	0.9857	0.0100	pay 0.0100% / 8h	33m 11s	$497K	$545K	20x
Short	Coinbase International FIL-PERP-INTX	0.9870	−0.0352	pay 0.0044% / 1h	33m 11s	$316K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$94.92
Price spread: +0.129% → +0.017%: $11.2
Slippage, 4 orders: −$37.76
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$139.48
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from Aster: live order book, 44 min ago; Coinbase International: live order book, just now.

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, 44 min ago	10.09 bp	14.1 bp −$14	38.0 bp −$380	doesn't fit	doesn't fit
Sell Coinbase International live order book, just now	5.58 bp	13.6 bp −$14	17.3 bp −$173	doesn't fit	doesn't fit

FIL on 29 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 FIL_USDC-PERPETUAL	−0.0763%	1h	0.9866	+0.088%	$170K	$23K	25x	as long as short
Kraken Futures PF_FILUSD	−0.0394%	1h	0.9864	+0.068%	$1.3M	$2.4M	50x	as long as short
Coinbase International FIL-PERP-INTXshort	−0.0352%	1h	0.9870	+0.129%	$316K	$1.9M	50x
Injective FIL/USDC PERP	−0.0245%	1h	0.9855	−0.023%	$2K	$240K	12x	as long as short
KuCoin FILUSDTM	−0.0018%	8h	0.9858	+0.007%	$7.4M	$7.1M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9864	+0.072%	$25K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9858	+0.005%	$57K	$2K	10x	as long as short
OKX FIL-USDT-SWAP	+0.0015%	8h	0.9856	−0.013%	$18.1M	$98.5M	50x	as long as short
Bitget FILUSDT	+0.0029%	8h	0.9858	+0.007%	$10.9M	$21.6M	75x	as long as short
Bybit FILUSDT	+0.0046%	8h	0.9858	+0.007%	$15.4M	$18.3M	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended FIL-USD	+0.0048%	1h	0.9856	−0.011%	$689K	$2.3M	10x	as long as short
Binance FILUSDT	+0.0050%	8h	0.9855	−0.023%	$57.2M	$178.5M	75x	as long as short
MEXC FIL_USDC	+0.0054%	8h	0.9855	−0.023%	$250K	$104K	50x	as long as short
BingX FIL-USDT	+0.0054%	8h	0.9856	−0.013%	—	$11.9M	—	as long as short
Gate FIL_USDT	+0.0087%	8h	0.9856	−0.013%	$7.9M	$16.2M	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9854	−0.035%	$158K	$347K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9856	−0.013%	$8.5M	$9.5M	5x	as long as short
Aster FILUSDTlong	+0.0100%	8h	0.9857	long leg	$497K	$545K	20x
Variational Omni FIL	+0.0100%	8h	0.9860	+0.031%	$439K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9855	−0.020%	$45K	$294K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9857	−0.003%	$294K	$818K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9860	+0.027%	$30K	$197K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9869	+0.117%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9860	+0.027%	$2K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9858	+0.007%	$481	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9867	+0.098%	$629K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9860	+0.027%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0170%	8h	0.9861	+0.038%	$2.7M	$571K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0571% / S −0.0666%	1h	0.9864	+0.069%	$196K	—	100x	as long as short