Funding you earn now, next payment 04:00 UTC+0.1283%/8h= +140.5% APRpaid last 24h +0.131%
Price spread now: Aster against Gate−0.115%7-day average +0.143% · 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−$346as in the Price arb table
costs, in and out, $10k−$3213.206% of the position
Funding, last 5 days (all we have)+0.272%+$27 on $10k
+Price spread, last 4 days (all we have)+0.608%+$61 · spread now −0.115%, 7d avg +0.143%
=Together, before fees+0.880%+ Points / potential airdropAster: Stage 5 · farm board+$88 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.258% cheaper against Gate than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.143%). If the spread goes back, that is −$26 on $10k: about 16 hours of funding at the current rate (+$38 a day). At the pace of the last 5 days (+0.272% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.272% in total (about 18.4% a year). A funding rate is set anew for every payment. 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 | Gate M_USDT | 1.4454 | 0.0100 | pay 0.0100% / 8h | 6h 52m | $2.0M | $861K | 10x |
| Short | Aster MUSDT | 1.4437 | 0.1383 | get 0.0691% / 4h | 2h 52m | $14K | $115K | 5x |
Gate M_USDT
Aster MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $269.43
- Price spread: −0.115% → +0.143%
- −$25.81
- Slippage, 4 orders
- −$297.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$76.96
- Costs to cover
- 3.206%
- Break-even
- 9.0 days
Slippage from Gate: live order book, 1 min ago; Aster: live order book, 14 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 Gate live order book, 1 min ago | 11.75 bp | 53.0 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 14 min ago | 14.90 bp | 116.2 bp −$116 | 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 | 1.4463 | +0.062% | $4.5M | $1.9M | 20x | as long as short |
| Gate M_USDTlong | +0.0100% | 8h | 1.4454 | long leg | $2.0M | $861K | 10x | |
| Variational Omni M | +0.0100% | 4h | 1.4565 | +0.769% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4470 | +0.111% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4496 | +0.291% | $2K | $671K | 20x | as long as short |
| Bitget MUSDT | +0.0210% | 4h | 1.4467 | +0.090% | $1.9M | $243K | 10x | as long as short |
| Aster MUSDTshort | +0.1383% | 4h | 1.4437 | −0.115% | $14K | $115K | 5x | |
| BingX M-USDT | +0.1722% | 4h | 1.4470 | +0.111% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1764% | 4h | 1.4473 | +0.131% | $243K | $105K | 50x | as long as short |
| Binance MUSDT | +0.1766% | 4h | 1.4454 | 0.000% | $5.6M | $3.8M | 10x | as long as short |
Bybit MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
BingX M-USDT
MEXC M_USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1816% | 4h | 1.4486 | +0.221% | $359K | $429K | 10x | as long as short |
| KuCoin MUSDTM | +0.3714% | 4h | 1.4338 | −0.803% | $1.4M | $4.1M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM