Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1168%/8h= −127.9% APRpaid last 24h −0.152%

Price spread now: Deribit against Aster+0.006%7-day average −0.019% · 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−$54as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.248%−$25 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.006%, 7d avg −0.019%

Together, before fees−0.335%+ Points / potential airdropAster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.025% dearer against Aster than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.019%): +$3 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 5 days (−0.248% in total) that is about 13 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.248% in total (about -17.2% 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	0.9849	0.0100	pay 0.0100% / 8h	1h 50m	$487K	$515K	20x
Short	Deribit FIL_USDC-PERPETUAL	0.9850	−0.1068	pay 0.0134% / 1h	50m 46s	$170K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$245.28
Price spread: +0.006% → −0.019%: $2.54
Slippage, 4 orders: −$41.61
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$299.35
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from Aster: live order book, 32 min ago; Deribit: live order book, 33 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 Aster live order book, 32 min ago	10.15 bp	14.2 bp −$14	46.3 bp −$463	doesn't fit	doesn't fit
Sell Deribit live order book, 33 min ago	6.59 bp	10.1 bp −$10	doesn't fit	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-PERPETUALshort	−0.1068%	1h	0.9850	+0.006%	$170K	$23K	25x
Kraken Futures PF_FILUSD	−0.0697%	1h	0.9852	+0.031%	$1.4M	$2.3M	50x	as long as short
Coinbase International FIL-PERP-INTX	−0.0376%	1h	0.9873	+0.239%	$316K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0252%	1h	0.9850	+0.006%	$2K	$182K	12x	as long as short
Lighter FIL	−0.0120%	1h	0.9847	−0.024%	$158K	$337K	5x	as long as short
Bitget FILUSDT	−0.0024%	8h	0.9854	+0.047%	$10.8M	$21.4M	75x	as long as short
Bybit FILUSDT	−0.0008%	8h	0.9855	+0.057%	$15.5M	$17.9M	25x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9847	−0.028%	$24K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9860	+0.108%	$57K	$2K	10x	as long as short
KuCoin FILUSDTM	+0.0025%	8h	0.9858	+0.087%	$7.4M	$7.0M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FIL-USDT-SWAP	+0.0025%	8h	0.9852	+0.026%	$18.2M	$96.2M	50x	as long as short
Variational Omni FIL	+0.0064%	8h	0.9851	+0.013%	$438K	$277K	—	as long as short
MEXC FIL_USDC	+0.0076%	8h	0.9850	+0.006%	$250K	$103K	50x	as long as short
Extended FIL-USD	+0.0080%	1h	0.9844	−0.050%	$689K	$2.3M	10x	as long as short
Binance FILUSDT	+0.0083%	8h	0.9858	+0.083%	$56.6M	$174.6M	75x	as long as short
BingX FIL-USDC	+0.0086%	8h	0.9856	+0.067%	—	$6.5M	—	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9856	+0.066%	$8.6M	$9.4M	5x	as long as short
Aster FILUSDTlong	+0.0100%	8h	0.9849	long leg	$487K	$515K	20x
Gate FIL_USDT	+0.0100%	8h	0.9850	+0.006%	$7.8M	$16.1M	50x	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9838	−0.120%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9867	+0.180%	$289K	$801K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9830	−0.197%	$30K	$197K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9848	−0.013%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9830	−0.197%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9843	−0.065%	$485	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9844	−0.055%	$623K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9840	−0.096%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0203%	8h	0.9834	−0.156%	$2.6M	$647K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0615% / S −0.0742%	1h	0.9841	−0.089%	$213K	—	100x	as long as short