Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Aster−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.034% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOTUSDT	0.0005063	0.0100	pay 0.0050% / 4h	2h 17m	$14K	$9K	5x
Short	BingX NOT-USDC	0.0005061	0.0100	get 0.0050% / 4h	2h 17m	—	$720K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee AsterbpFee BingXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → 0.000%: −$3.36
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BingX: live order book, 41 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell BingX live order book, 41 min ago	3.97 bp	138.8 bp −$139	762.6 bp −$7,626	doesn't fit	doesn'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.

NOT on 16 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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.727%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0068%	4h	0.0005063	+0.006%	$111K	$17K	50x	as long as short
Variational Omni NOT	+0.0096%	4h	0.0005049	−0.266%	$66K	$34K	—	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005067	+0.077%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.251%	$369K	$50K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005063	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005053	−0.186%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005053	−0.192%	$2.1M	$801K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005054	−0.172%	$612K	$580K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005057	−0.113%	$140K	$77K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005054	−0.172%	$1.3M	$491K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005055	−0.152%	$492K	$119K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005059	−0.073%	$665K	$382K	50x	as long as short
BingX NOT-USDCshort	+0.0100%	4h	0.0005061	−0.034%	—	$720K	—
Extended kNOT-USD	+0.0104%	1h	0.0005053	−0.198%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.7062%	1h	0.0005087	+0.484%	$49K	$9K	10x	as long as short