M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0222%/8h= −24.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.016%

Price spread now: Aster against BloFin+0.206%7-day average −0.007% · 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−$246as in the Price arb table

costs, in and out, $10k−$2672.673% of the position

Long on BloFin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.015%−$2 on $10k

Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.206%, 7d avg −0.007%

Together, before fees−0.282%+ Points / potential airdropAster: Stage 5 · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.213% dearer against BloFin than usual: you sell high and buy low (spread +0.206% now, against its 7-day average of −0.007%): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 5 days (−0.015% 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 -0.015% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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	BloFin M-USDT	1.4680	0.0682	pay 0.0341% / 4h	2h 14m	$349K	$401K	10x
Short	Aster MUSDT	1.4710	0.0460	get 0.0230% / 4h	2h 14m	$15K	$115K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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 BloFinbpFee AsterbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$46.66
Price spread: +0.206% → −0.007%: $21.29
Slippage, 4 orders: −$247.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$292.67
Costs to cover: 2.673%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Aster: live order book, 6 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 BloFin live order book, 6 min ago	0.34 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 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	1.4690	+0.068%	$4.7M	$2.3M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4675	−0.034%	$2.0M	$894K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4689	+0.061%	$1.9M	$342K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4691	+0.074%	$90K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4703	+0.157%	$2K	$139	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4704	+0.163%	$2K	$542K	20x	as long as short
Aster MUSDTshort	+0.0460%	4h	1.4710	+0.206%	$15K	$115K	5x
BingX M-USDT	+0.0672%	4h	1.4689	+0.061%	—	$2.4M	—	as long as short
BloFin M-USDTlong	+0.0682%	4h	1.4680	long leg	$349K	$401K	10x
MEXC M_USDT	+0.0736%	4h	1.4698	+0.123%	$246K	$112K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MUSDT	+0.0740%	4h	1.4690	+0.067%	$5.4M	$4.5M	10x	as long as short
KuCoin MUSDTM	+0.0922%	4h	1.4549	−0.893%	$1.4M	$4.4M	10x	as long as short