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

PLAY

all PLAY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0574%/8h= +62.9% APRnext payment +$2.87 per $10,000 · paid last 24h +0.118%
Price spread now: Gate against Aster+0.398%7-day average +0.181% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$696as in the Price arb table
costs, in and out, $10k−$7187.182% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.700%+$70 on $10k
Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.398%, 7d avg +0.181%
Together, before fees+0.636%+ Points / potential airdropAster: Stage 5 · farm board+$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Gate is 0.217% dearer against Aster than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.181%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PLAYUSDT0.02741−0.0474get 0.0237% / 4h1h 03m$1.7M$990K5x
ShortGate PLAY_USDT0.027520.0100get 0.0050% / 4h1h 03m$482K$477K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$120.56
Price spread: +0.398% → +0.181%
$21.73
Slippage, 4 orders
−$695.21
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$575.93
Costs to cover
7.182%
Break-even
40.4 days
Slippage from Aster: live order book, 5 min ago; Gate: live order book, 13 min ago.

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 live order book, 5 min ago9.17 bp58.1 bp −$584002.1 bp −$40.0Kdoesn't fitdoesn't fit
Sell Gate live order book, 13 min ago5.47 bp327.2 bp −$327doesn't fitdoesn't fitdoesn't fit

PLAY on 5 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 PLAYUSDTlong−0.0474%4h0.02741long leg$1.7M$990K5x
Binance PLAYUSDT+0.0100%4h0.02747+0.215%$4.4M$10.4M10xas long as short
Gate PLAY_USDTshort+0.0100%4h0.02752+0.398%$482K$477K10x
MEXC PLAY_USDT+0.0100%4h0.02748+0.252%$7.5M$604K20xas long as short
Extended PLAY-USD+0.0104%1h0.02746+0.194%$3K$147K5xas long as short