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 OKX−0.085%7-day average −0.056% · 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−$360as in the Price arb table

costs, in and out, $10k−$3573.575% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.085%, 7d avg −0.056%

Together, before fees+0.244%+ Points / potential airdropAster: Stage 5 · farm board+$24 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 0.029% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.07001	0.0100	pay 0.0050% / 4h	32m 53s	$1.7M	$5.9M	10x
Short	Aster HUSDT	0.06995	0.0100	get 0.0050% / 4h	32m 53s	$116K	$53K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.056%: −$2.92
Slippage, 4 orders: −$339.48
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$360.41
Costs to cover: 3.575%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Aster: live order book, 43 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 OKX live order book, 5 min ago	1.43 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 43 min ago	4.34 bp	261.5 bp −$261	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	−10.727%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0091%	4h	0.07015	+0.200%	$594K	$117K	25x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06995	−0.085%	$116K	$53K	5x
Binance HUSDT	+0.0100%	4h	0.07003	+0.029%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06993	−0.114%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.07001	long leg	$1.7M	$5.9M	10x
Gate H_USDT	+0.0100%	4h	0.06988	−0.186%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07004	+0.043%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06993	−0.114%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06980	−0.300%	$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-USDT	+0.0100%	4h	0.06999	−0.029%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06976	−0.361%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06986	−0.218%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07003	+0.024%	$11K	$107K	5x	as long as short