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

PTB

all PTB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0444%/8h= +48.6% APRnext payment +$2.22 per $10,000 · paid last 24h −0.031%
Price spread now: Aster against KuCoin+0.275%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2432.429% of the position
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−0.092%−$9 · spread now +0.275%, 7d avg −0.067%
Together, before fees−0.333%+ Points / potential airdropAster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aster is 0.342% dearer against KuCoin than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.067%. Mind the row above: over the last 5 days funding on this pair cost −0.241%, so the current rate has only just turned in your favour.
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 +$2.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PTBUSDTM0.0010910.0100pay 0.0050% / 4h1m 44s$1.7M$7.2M20x
ShortAster PTBUSDT0.0010940.0544get 0.0272% / 4h1m 44s$82K$891K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$93.18
Price spread: +0.275% → −0.067%
$34.16
Slippage, 4 orders
−$222.86
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$115.52
Costs to cover
2.429%
Break-even
15.7 days
Slippage from KuCoin: live order book, 6 min ago; Aster: live order book, 36 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 KuCoin live order book, 6 min ago8.59 bp100.8 bp −$101doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 36 min ago7.61 bp35.1 bp −$35319.1 bp −$3,191doesn't fitdoesn't fit

PTB on 10 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
Bybit PTBUSDT+0.0100%4h0.001094+0.229%$1.7M$21.8M25xas long as short
KuCoin PTBUSDTMlong+0.0100%4h0.001091long leg$1.7M$7.2M20x
Variational Omni PTB+0.0100%4h0.001095+0.344%$32K$70Kas long as short
Extended kPTB-USD+0.0152%1h0.001093+0.145%$4K$42K5xas long as short
MEXC PTB_USDT+0.0154%4h0.001092+0.119%$353K$950K20xas long as short
Binance PTBUSDT+0.0156%4h0.001093+0.183%$7.8M$134.0M20xas long as short
BloFin PTB-USDT+0.0173%4h0.001096+0.467%$465K$641K20xas long as short
BingX PTB-USDT+0.0176%4h0.001092+0.119%$2.2Mas long as short
Aster PTBUSDTshort+0.0544%4h0.001094+0.275%$82K$891K5x
Gate PTB_USDT+0.0556%4h0.001089−0.202%$1.9M$5.7M25xas long as short