PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0462%/8h= −50.6% APRnext payment −$2.31 per $10,000 · paid last 24h +0.031%

Price spread now: KuCoin against Aster−0.466%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$2502.500% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.241%+$24 on $10k

Price spread, last 7 days+0.283%+$28 · spread now −0.466%, 7d avg +0.067%

Together, before fees+0.523%+ Points / potential airdropAster: Stage 5 · farm board+$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.532% cheaper against Aster than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +0.067%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.241%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.241% in total (about 16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PTBUSDT	0.001108	0.0562	pay 0.0281% / 4h	27m 09s	$85K	$912K	5x
Short	KuCoin PTBUSDTM	0.001103	0.0100	get 0.0050% / 4h	27m 09s	$1.7M	$7.4M	20x

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

Position, each leg$Hold fordaysFee AsterbpFee KuCoinbpOrdersPrice spread, now −0.466%Rate

Funding earned: −$96.95
Price spread: −0.466% → +0.067%: −$53.23
Slippage, 4 orders: −$230.01
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$400.19
Costs to cover: 2.500%
Break-even: never at this rate

Slippage from Aster: live order book, 11 min ago; KuCoin: live order book, 1 min ago.

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 live order book, 11 min ago	7.61 bp	27.9 bp −$28	207.6 bp −$2,076	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	8.16 bp	69.0 bp −$69	doesn't fit	doesn't fit	doesn't fit

PTB 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
Bybit PTBUSDT	+0.0100%	4h	0.001106	−0.195%	$1.7M	$22.6M	25x	as long as short
KuCoin PTBUSDTMshort	+0.0100%	4h	0.001103	−0.466%	$1.7M	$7.4M	20x
Variational Omni PTB	+0.0100%	4h	0.001123	+1.335%	$33K	$74K	—	as long as short
BloFin PTB-USDT	+0.0184%	4h	0.001106	−0.168%	$461K	$679K	20x	as long as short
Binance PTBUSDT	+0.0188%	4h	0.001106	−0.157%	$7.9M	$141.1M	20x	as long as short
Extended kPTB-USD	+0.0192%	1h	0.001107	−0.114%	$4K	$42K	5x	as long as short
BingX PTB-USDT	+0.0194%	4h	0.001105	−0.294%	—	$2.3M	—	as long as short
MEXC PTB_USDT	+0.0196%	4h	0.001106	−0.204%	$361K	$947K	20x	as long as short
Aster PTBUSDTlong	+0.0562%	4h	0.001108	long leg	$85K	$912K	5x
Gate PTB_USDT	+0.0796%	4h	0.001104	−0.339%	$1.9M	$5.7M	25x	as long as short