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: MEXC against Aster+0.006%7-day average — · you sell dearer than you buy

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

Long on Aster Short on MEXC

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOTUSDT	0.0005041	0.0100	pay 0.0050% / 4h	2h 56m	$14K	$13K	5x
Short	MEXC NOT_USDT	0.0005041	0.0100	get 0.0050% / 4h	2h 56m	$1.4M	$479K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → 0.000%: $0.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$11.4
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.99 bp	8.5 bp −$9	35.4 bp −$354	90.0 bp −$8,998	113.0 bp −$56.5K

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
Variational Omni NOT	+0.0020%	4h	0.0005049	+0.156%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.307%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005054	+0.260%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+0.184%	$369K	$51K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005041	long leg	$14K	$13K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005042	+0.028%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005037	−0.073%	$2.1M	$823K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005042	+0.026%	$610K	$586K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005042	+0.026%	$140K	$76K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0005041	+0.006%	$1.4M	$479K	200x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005038	−0.054%	$489K	$121K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005046	+0.105%	$665K	$381K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005041	+0.006%	—	$720K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005042	+0.027%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0124%	4h	0.0005044	+0.065%	$113K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.7068%	1h	0.0005083	+0.837%	$49K	$9K	10x	as long as short