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: Gate against Aster−0.163%7-day average −0.019% · 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−$1,024as in the Price arb table

costs, in and out, $10k−$1,00910.092% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.163%, 7d avg −0.019%

Together, before fees−0.037%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: Gate is 0.143% cheaper against Aster than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.06984	0.0100	pay 0.0050% / 4h	37m 38s	$115K	$53K	5x
Short	Gate H_USDT	0.06973	0.0100	get 0.0050% / 4h	37m 38s	$2.9M	$1.9M	10x

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

Position, each leg$Hold fordaysFee AsterbpFee GatebpOrdersPrice spread, now −0.163%Rate

Funding earned: $0
Price spread: −0.163% → −0.019%: −$14.32
Slippage, 4 orders: −$986.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,023.57
Costs to cover: 10.092%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; Gate: live order book, 5 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, 38 min ago	4.34 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.01 bp	474.5 bp −$475	doesn't fit	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	−10.514%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0052%	4h	0.07002	+0.253%	$595K	$116K	25x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.06984	long leg	$115K	$53K	5x
Binance HUSDT	+0.0100%	4h	0.06990	+0.078%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06972	−0.177%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06992	+0.109%	$1.7M	$5.9M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06973	−0.163%	$2.9M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06989	+0.067%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06980	−0.062%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06976	−0.120%	$1.7M	$451K	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-USDT	+0.0100%	4h	0.06988	+0.052%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06974	−0.146%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06992	+0.111%	$1.2M	$445K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06989	+0.060%	$11K	$107K	5x	as long as short