M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0409%/8h= +44.8% APRnext payment +$2.04 per $10,000 · paid last 24h +0.101%

Price spread now: Aster against Bitget−0.039%7-day average +0.036% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$2972.973% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.171%+$17 on $10k

Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.039%, 7d avg +0.036%

Together, before fees+0.359%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.075% cheaper against Bitget than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.036%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$12 a day). At the pace of the last 5 days (+0.171% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.171% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.04 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	Bitget MUSDT	1.4727	0.0100	pay 0.0050% / 4h	1h 52m	$1.9M	$347K	10x
Short	Aster MUSDT	1.4721	0.0509	get 0.0254% / 4h	1h 52m	$16K	$116K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.039%Rate

Funding earned: $85.85
Price spread: −0.039% → +0.036%: −$7.49
Slippage, 4 orders: −$277.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$218.98
Costs to cover: 2.973%
Break-even: 24.9 days

Slippage from Bitget: live order book, 5 min ago; Aster: live order book, 28 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 Bitget live order book, 5 min ago	8.47 bp	54.1 bp −$54	466.8 bp −$4,668	doesn't fit	doesn't fit
Sell Aster live order book, 28 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	1.4713	−0.095%	$4.7M	$2.3M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4703	−0.163%	$2.0M	$884K	10x	as long as short
Bitget MUSDTlong	+0.0100%	4h	1.4727	long leg	$1.9M	$347K	10x
Variational Omni M	+0.0100%	4h	1.4740	+0.090%	$90K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4722	−0.034%	$2K	$596	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4718	−0.061%	$2K	$553K	20x	as long as short
Aster MUSDTshort	+0.0509%	4h	1.4721	−0.039%	$16K	$116K	5x
BingX M-USDT	+0.0740%	4h	1.4706	−0.143%	—	$2.4M	—	as long as short
KuCoin MUSDTM	+0.0794%	4h	1.4623	−0.703%	$1.4M	$4.4M	10x	as long as short
BloFin M-USDT	+0.0819%	4h	1.4740	+0.088%	$349K	$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	+0.0824%	4h	1.4716	−0.075%	$246K	$109K	50x	as long as short
Binance MUSDT	+0.0825%	4h	1.4706	−0.143%	$5.5M	$4.5M	10x	as long as short