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 −0.003%

Price spread now: Aster against MEXC+0.146%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 0.146% dearer against MEXC than usual: you sell high and buy low, +$15 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	MEXC LAYER_USDT	0.07613	0.0100	pay 0.0050% / 4h	2h 32m	$370K	$131K	20x
Short	Aster LAYERUSDT	0.07624	0.0100	get 0.0050% / 4h	2h 32m	$9K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → 0.000%: $14.6
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $6.6
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: MEXC: live order book, 63 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 MEXC live order book, 63 min ago	2.60 bp	14.6 bp −$15	51.7 bp −$517	126.1 bp −$12.6K	doesn't fit
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	−0.0417%	1h	0.07611	−0.022%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.453%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0043%	4h	0.07619	+0.079%	$114K	$15K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07622	+0.118%	$591K	$164K	3x	as long as short
Aster LAYERUSDTshort	+0.0100%	4h	0.07624	+0.146%	$9K	$4K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07616	+0.039%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07606	−0.092%	$711K	$665K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07632	+0.250%	$141K	$41K	20x	as long as short
MEXC LAYER_USDTlong	+0.0100%	4h	0.07613	long leg	$370K	$131K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07612	−0.013%	$1.1M	$112K	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-USDT	+0.0100%	4h	0.07617	+0.053%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07630	+0.223%	$16K	$195K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07614	+0.013%	$2K	$213K	5x	as long as short