Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Aster−0.107%7-day average −0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$2862.858% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.107%, 7d avg −0.004%

Together, before fees+0.208%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.102% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.06995	0.0100	pay 0.0050% / 4h	2h 17m	$117K	$47K	5x
Short	BingX H-USDT	0.06988	0.0100	get 0.0050% / 4h	2h 17m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.004%: −$10.24
Slippage, 4 orders: −$267.78
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$296.02
Costs to cover: 2.858%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; BingX: live order book, 12 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, 3 min ago	5.69 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.13 bp	19.7 bp −$20	135.6 bp −$1,356	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−10.656%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0075%	4h	0.07017	+0.308%	$593K	$114K	25x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.06995	long leg	$117K	$47K	5x
Binance HUSDT	+0.0100%	4h	0.06997	+0.022%	$15.0M	$10.3M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06986	−0.128%	$7.7M	$4.4M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07002	+0.093%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06993	−0.035%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06995	−0.007%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06990	−0.078%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06983	−0.178%	$1.7M	$450K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTshort	+0.0100%	4h	0.06988	−0.107%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.07023	+0.388%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07015	+0.279%	$1.2M	$469K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06996	+0.006%	$12K	$107K	5x	as long as short