M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0273%/8h= −29.9% APRnext payment −$1.37 per $10,000 · paid last 24h −0.018%

Price spread now: Aster against BingX+0.117%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2382.380% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.117%, 7d avg +0.005%

Together, before fees+0.018%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.113% dearer against BingX than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.005%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 5 days (−0.008% in total) that is about 2 months.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.008% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.37 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	BingX M-USDT	1.4683	0.0780	pay 0.0390% / 4h	1h 50m	—	$2.4M	—
Short	Aster MUSDT	1.4700	0.0507	get 0.0253% / 4h	1h 50m	$15K	$116K	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 +0.117%Rate

Funding earned: −$57.36
Price spread: +0.117% → +0.005%: $11.26
Slippage, 4 orders: −$219.98
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$284.08
Costs to cover: 2.380%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Aster: live order book, 31 min ago.

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, 14 min ago	7.49 bp	20.5 bp −$20	76.6 bp −$766	doesn't fit	doesn't fit
Sell Aster live order book, 31 min ago	16.27 bp	87.0 bp −$87	doesn't fit	doesn't fit	doesn't fit

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	1.4677	−0.041%	$4.7M	$2.3M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4677	−0.041%	$2.0M	$885K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4705	+0.150%	$1.9M	$347K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4694	+0.077%	$90K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4702	+0.129%	$2K	$596	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4689	+0.041%	$2K	$554K	20x	as long as short
Aster MUSDTshort	+0.0507%	4h	1.4700	+0.117%	$15K	$116K	5x
BingX M-USDTlong	+0.0780%	4h	1.4683	long leg	—	$2.4M	—
KuCoin MUSDTM	+0.0798%	4h	1.4556	−0.867%	$1.4M	$4.4M	10x	as long as short
BloFin M-USDT	+0.0826%	4h	1.4732	+0.334%	$350K	$408K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC M_USDT	+0.0828%	4h	1.4688	+0.034%	$246K	$109K	50x	as long as short
Binance MUSDT	+0.0830%	4h	1.4686	+0.020%	$5.5M	$4.5M	10x	as long as short