Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster−0.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.040% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IOUSDT	0.1510	0.0100	pay 0.0050% / 4h	57m 47s	$23K	$49K	5x
Short	Gate IO_USDT	0.1509	0.0100	get 0.0050% / 4h	57m 47s	$230K	$545K	50x

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 −0.040%Rate

Funding earned: $0
Price spread: −0.040% → 0.000%: −$4.05
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.05
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 63 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Gate live order book, 63 min ago	5.28 bp	205.8 bp −$206	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IO 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
BloFin IO-USDT	+0.0078%	4h	0.1509	−0.040%	$193K	$39K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1507	−0.146%	$1.0M	$378K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1510	long leg	$23K	$49K	5x
Binance IOUSDT	+0.0100%	4h	0.1508	−0.108%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1505	−0.312%	$1.1M	$912K	25x	as long as short
Gate IO_USDTshort	+0.0100%	4h	0.1509	−0.040%	$230K	$545K	50x
MEXC IO_USDT	+0.0100%	4h	0.1505	−0.305%	$1.2M	$225K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1510	+0.026%	$353K	$656K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1508	−0.107%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1508	−0.107%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1510	+0.006%	$33K	$13K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1507	−0.197%	$2K	$130K	5x	as long as short
Injective IO/USDC PERP	+0.0583%	1h	0.1512	+0.158%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.7413%	1h	0.1503	−0.464%	$39K	$18K	10x	as long as short