Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against BingX+0.069%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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: Aster is 0.069% dearer against BingX than usual: you sell high and buy low, +$7 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	BingX IO-USDT	0.1503	0.0100	pay 0.0050% / 4h	3h 33m	—	$1.3M	—
Short	Aster IOUSDT	0.1504	0.0100	get 0.0050% / 4h	3h 33m	$23K	$48K	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 +0.069%Rate

Funding earned: $0
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$11.06
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; Aster: no order-book sample. 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 BingX live order book, 11 min ago	9.94 bp	31.1 bp −$31	78.6 bp −$786	473.6 bp −$47.4K	614.2 bp −$307.1K
Sell Aster no order-book sample	—	—	—	—	—

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
Hyperliquid IO	+0.0100%	1h	0.1504	+0.053%	$1.0M	$366K	3x	as long as short
Aster IOUSDTshort	+0.0100%	4h	0.1504	+0.069%	$23K	$48K	5x
Binance IOUSDT	+0.0100%	4h	0.1503	+0.015%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1502	−0.053%	$1.1M	$896K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1503	−0.007%	$229K	$554K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1503	0.000%	$1.2M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1503	0.000%	$355K	$629K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1506	+0.200%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDTlong	+0.0100%	4h	0.1503	long leg	—	$1.3M	—
Variational Omni IO	+0.0100%	4h	0.1503	+0.016%	$33K	$14K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IO-USDT	+0.0102%	4h	0.1504	+0.067%	$193K	$39K	50x	as long as short
Extended IO-USD	+0.0104%	1h	0.1503	−0.015%	$1K	$138K	5x	as long as short
Injective IO/USDC PERP	+0.0193%	1h	0.1508	+0.333%	$2K	$200	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6710%	1h	0.1503	−0.001%	$39K	$10K	10x	as long as short