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: Aster against BingX+0.110%7-day average +0.007% · 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−$271as in the Price arb table

costs, in and out, $10k−$2822.816% of the position

Long on BingX Short on Aster

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)−0.109%−$11 · spread now +0.110%, 7d avg +0.007%

Together, before fees−0.155%+ Points / potential airdropAster: Stage 5 · farm board−$16 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: Aster is 0.103% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06889	0.0100	pay 0.0050% / 4h	1h 44m	—	$2.7M	—
Short	Aster HUSDT	0.06897	0.0100	get 0.0050% / 4h	1h 44m	$114K	$52K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.007%: $10.33
Slippage, 4 orders: −$263.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$271.25
Costs to cover: 2.816%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Aster: live order book, 36 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 BingX live order book, 5 min ago	2.18 bp	15.6 bp −$16	75.2 bp −$752	972.6 bp −$97.3K	1286.1 bp −$643.0K
Sell Aster live order book, 36 min ago	5.69 bp	222.0 bp −$222	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	−9.276%	$1K	$1	5.5x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06897	+0.110%	$114K	$52K	5x
Binance HUSDT	+0.0100%	4h	0.06898	+0.127%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06889	0.000%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06895	+0.087%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06889	0.000%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06897	+0.116%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06894	+0.073%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06891	+0.029%	$1.7M	$456K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06889	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06887	−0.031%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06900	+0.164%	$1.1M	$466K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06896	+0.106%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0151%	4h	0.06903	+0.203%	$580K	$116K	25x	as long as short