Funding arb · Price arb /

FORM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.032%

Price spread now: gTrade (Gains Network) against Aster+0.082%7-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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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. gTrade (Gains Network) is 0.082% dearer against Aster than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster FORMUSDT	0.3483	0.0100	pay 0.0050% / 4h	2h 55m	$44K	$776K	5x
Short	gTrade (Gains Network) FORM/USD	0.3486	L −0.0007% / S +0.0008%	pay 0.0001% / 1h	55m 53s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.082%Rate

Funding earned: −$22.65
Price spread: +0.082% → 0.000%: $8.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 12 min ago; gTrade (Gains Network): 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, 12 min ago	8.39 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

FORM on 10 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
gTrade (Gains Network) FORM/USDshort	L −0.0007% / S +0.0008%	1h	0.3486	+0.082%	—	—	—
BloFin FORM-USDT	+0.0059%	4h	0.3519	+1.034%	$1.0M	$365K	50x	as long as short
BingX FORM-USDT	+0.0070%	4h	0.3480	−0.086%	—	$3.6M	—	as long as short
Aster FORMUSDTlong	+0.0100%	4h	0.3483	long leg	$44K	$776K	5x
Binance FORMUSDT	+0.0100%	4h	0.3476	−0.187%	$18.5M	$148.7M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3478	−0.135%	$2.3M	$12.3M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3479	−0.115%	$750K	$4.3M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3476	−0.201%	$1.6M	$8.8M	100x	as long as short
KuCoin FORMUSDTM	+0.0100%	4h	0.3475	−0.230%	$316K	$1.1M	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3476	−0.201%	$1.1M	$8.7M	50x	as long as short