M

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0259%/8h= +28.4% APRnext payment +$1.30 per $10,000 · paid last 24h +0.039%

Price spread now: Binance against Aster+0.138%7-day average −0.010% · you sell dearer than you buy

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

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.522%−$52 · spread now +0.138%, 7d avg −0.010%

Together, before fees−0.482%+ Points / potential airdropAster: Stage 5 · farm board−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.148% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.010%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.040% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUSDT	1.4354	0.0850	pay 0.0425% / 4h	1h 22m	$16K	$93K	5x
Short	Binance MUSDT	1.4374	0.1109	get 0.0555% / 4h	1h 22m	$5.6M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.138%Rate

Funding earned: $54.43
Price spread: +0.138% → −0.010%: $14.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $51.22
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: Aster: no order-book sample; Binance: live order book, 16 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 Binance live order book, 16 min ago	3.15 bp	63.5 bp −$64	364.7 bp −$3,647	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.

M on 12 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
Bybit MUSDT	+0.0100%	4h	1.4390	+0.248%	$4.5M	$1.8M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4344	−0.072%	$1.9M	$910K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4369	+0.102%	$1.9M	$247K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4274	−0.559%	$89K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4320	−0.239%	$2K	$496	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4333	−0.149%	$2K	$740K	20x	as long as short
Aster MUSDTlong	+0.0850%	4h	1.4354	long leg	$16K	$93K	5x
BloFin M-USDT	+0.1064%	4h	1.4351	−0.023%	$359K	$438K	10x	as long as short
BingX M-USDT	+0.1072%	4h	1.4382	+0.193%	—	$2.4M	—	as long as short
Binance MUSDTshort	+0.1109%	4h	1.4374	+0.138%	$5.6M	$3.8M	10x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC M_USDT	+0.1120%	4h	1.4372	+0.123%	$241K	$106K	50x	as long as short
KuCoin MUSDTM	+0.2680%	4h	1.4233	−0.847%	$1.4M	$4.0M	10x	as long as short