Funding arb · Price arb /

PIXEL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Aster−0.044%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 0.044% cheaper against Aster than usual: you would sell low and buy high, −$4 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 PIXELUSDT	0.005470	0.0100	pay 0.0050% / 4h	2h 12m	$4K	$4K	5x
Short	BingX PIXEL-USDT	0.005468	0.0100	get 0.0050% / 4h	2h 12m	—	$1.3M	—

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 −0.044%Rate

Funding earned: $0
Price spread: −0.044% → 0.000%: −$4.37
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BingX: live order book, 13 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, 13 min ago	9.10 bp	29.5 bp −$30	97.6 bp −$976	655.1 bp −$65.5K	826.4 bp −$413.2K

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.

PIXEL on 10 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
Kraken Futures PF_PIXELUSD	−0.0655%	1h	0.005520	+0.900%	$5K	$2K	10x	as long as short
Aster PIXELUSDTlong	+0.0100%	4h	0.005470	long leg	$4K	$4K	5x
Binance PIXELUSDT	+0.0100%	4h	0.005467	−0.062%	$1.8M	$1.7M	25x	as long as short
Bybit PIXELUSDT	+0.0100%	4h	0.005470	−0.007%	$528K	$201K	25x	as long as short
Gate PIXEL_USDT	+0.0100%	4h	0.005471	+0.011%	$150K	$39K	50x	as long as short
MEXC PIXEL_USDT	+0.0100%	4h	0.005468	−0.044%	$904K	$206K	20x	as long as short
KuCoin PIXELUSDTM	+0.0100%	4h	0.005469	−0.025%	$359K	$75K	25x	as long as short
Bitget PIXELUSDT	+0.0100%	4h	0.005469	−0.025%	$586K	$422K	25x	as long as short
BingX PIXEL-USDTshort	+0.0100%	4h	0.005468	−0.044%	—	$1.3M	—
Variational Omni PIXEL	+0.0100%	4h	0.005474	+0.075%	$1K	$254	—	as long as short