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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 −0.003%

Price spread now: Aster against BingX−0.129%7-day average — · you buy dearer than you sell

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 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: Aster is 0.129% cheaper against BingX than usual: you would sell low and buy high, −$13 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 LAYER-USDT	0.07661	0.0100	pay 0.0050% / 4h	58m 44s	—	$1.6M	—
Short	Aster LAYERUSDT	0.07651	0.0100	get 0.0050% / 4h	58m 44s	$9K	$4K	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

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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 −0.129%Rate

Funding earned: $0
Price spread: −0.129% → 0.000%: −$12.94
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.94
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 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, 2 min ago	5.88 bp	21.6 bp −$22	138.1 bp −$1,381	643.6 bp −$64.4K	841.7 bp −$420.9K
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.

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0511%	1h	0.07647	−0.180%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.052%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0090%	4h	0.07631	−0.392%	$116K	$16K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07669	+0.102%	$596K	$167K	3x	as long as short
Aster LAYERUSDTshort	+0.0100%	4h	0.07651	−0.129%	$9K	$4K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07663	+0.022%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07655	−0.078%	$718K	$736K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07665	+0.052%	$137K	$46K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07656	−0.065%	$339K	$116K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07662	+0.013%	$1.1M	$167K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDTlong	+0.0100%	4h	0.07661	long leg	—	$1.6M	—
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07640	−0.274%	$16K	$191K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07660	−0.018%	$742	$170K	5x	as long as short