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 +0.017%

Price spread now: Aster against KuCoin+0.104%7-day average −0.008% · 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−$1,231as in the Price arb table

costs, in and out, $10k−$1,24212.424% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.104%, 7d avg −0.008%

Together, before fees−0.126%+ Points / potential airdropAster: Stage 5 · farm board−$13 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 0.112% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.07086	0.0100	pay 0.0050% / 4h	4m 59s	$1.7M	$10.0M	8x
Short	Aster HUSDT	0.07093	0.0100	get 0.0050% / 4h	4m 59s	$117K	$54K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → −0.008%: $11.19
Slippage, 4 orders: −$1,222.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,231.26
Costs to cover: 12.424%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 6 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 KuCoin live order book, 3 min ago	6.39 bp	403.2 bp −$403	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	6.40 bp	326.9 bp −$327	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	−11.798%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0078%	4h	0.07102	+0.226%	$596K	$118K	25x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.07093	+0.104%	$117K	$54K	5x
Binance HUSDT	+0.0100%	4h	0.07114	+0.395%	$15.3M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07109	+0.325%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07127	+0.579%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07099	+0.183%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07110	+0.339%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.07086	long leg	$1.7M	$10.0M	8x
Bitget HUSDT	+0.0100%	4h	0.07079	−0.099%	$1.8M	$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-USDT	+0.0100%	4h	0.07103	+0.240%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07054	−0.451%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07038	−0.683%	$1.2M	$449K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07106	+0.278%	$12K	$107K	5x	as long as short