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

FRAX

all FRAX markets
SwapBacktest
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 0.000%
Price spread now: Gate against Aster−0.086%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno 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: Gate is 0.086% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster FRAXUSDT0.29240.0100pay 0.0050% / 4h43m 41s$22K$13K5x
ShortGate FRAX_USDT0.29210.0100get 0.0050% / 4h43m 41s$44K$15K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −0.086% → 0.000%
−$8.56
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$31.56
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Gate: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Gate no order-book sample
Aster and Gate: 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.

FRAX on 7 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
Aster FRAXUSDTlong+0.0100%4h0.2924long leg$22K$13K5x
Binance FRAXUSDT+0.0100%4h0.2922−0.051%$1.5M$727K50xas long as short
Gate FRAX_USDTshort+0.0100%4h0.2921−0.086%$44K$15K20x
MEXC FRAX_USDT+0.0100%4h0.2922−0.051%$203K$108K50xas long as short
KuCoin FRAXUSDTM+0.0100%4h0.2920−0.120%$84K$160K50xas long as short
Bitget FRAXUSDT+0.0100%4h0.2922−0.038%$141K$26K50xas long as short
BingX FRAX-USDT+0.0100%4h0.2922−0.051%$1.2Mas long as short