Settings8H · net · $10k
Funding arb · Price arb /

NES

all NES markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0620%/8h= +67.9% APRpaid last 24h +0.077%
Price spread now: KuCoin against Aster+0.759%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.209%+$21 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and KuCoin is 0.759% dearer against Aster than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.209% in total (about 10.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NESUSDT0.16990.0100pay 0.0013% / 1h7m 46s$58K$2K5x
ShortKuCoin NESUSDTM0.17120.0720get 0.0360% / 4h2h 07m$1.4M$877K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$130.2
Price spread: +0.759% → 0.000%
$75.91
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$186.11
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell KuCoin live order book, 3 min ago8.75 bp334.6 bp −$335doesn't fitdoesn't fitdoesn'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.

NES on 6 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NESUSDTlong+0.0100%1h0.1699long leg$58K$2K5x
OKX NES-USDT-SWAP+0.0100%4h0.1702+0.176%$1.2M$734K20xas long as short
Gate NES_USDT+0.0100%4h0.1706+0.412%$141K$55K10xas long as short
MEXC NES_USDT+0.0100%4h0.1701+0.118%$700K$95K20xas long as short
BingX NES-USDT+0.0100%4h0.1703+0.235%$718Kas long as short
KuCoin NESUSDTMshort+0.0720%4h0.1712+0.759%$1.4M$877K20x