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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.127%
Price spread now: Bitget against Aster−0.072%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.281%+$28 on $10k
Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.072%, 7d avg −0.026%
Together, before fees+0.172%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.045% cheaper against Aster than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.026%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SUSDT0.039380.0006pay 0.0003% / 4h2h 19m$43K$212K10x
ShortBitget SUSDT0.039350.0100get 0.0050% / 4h2h 19m$1.2M$3.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$19.83
Price spread: −0.072% → −0.026%
−$4.51
Slippage, 4 orders
−$89.16
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$93.84
Costs to cover
1.092%
Break-even
40.1 days
Slippage from Aster: live order book, 2 min ago; Bitget: live order book, 4 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, 2 min ago10.19 bp33.8 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago5.10 bp18.0 bp −$1860.8 bp −$608doesn't fitdoesn't fit

S on 25 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
Kraken Futures PF_SUSD−0.1451%1h0.03932−0.150%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−2.840%$47K$5K25xas long as short
Variational Omni S−0.0936%4h0.03921−0.433%$610K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0190% / S +0.0184%1h0.03934−0.105%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03928−0.240%$415xas long as short
Orderly PERP_S_USDC−0.0015%4h0.03931−0.173%$101K$338K10xas long as short
01 Exchange SUSD0.0000%1h0.03930−0.198%$24K$3K5xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03933−0.133%$606150xas long as short
Deribit S_USDC-PERPETUAL+0.0004%1h0.03936−0.046%$66K$10K10xas long as short
Aster SUSDTlong+0.0006%4h0.03938long leg$43K$212K10x
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.119%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03933−0.122%$165K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03932−0.148%$993K$899K5xas long as short
Binance SUSDT+0.0100%4h0.03933−0.114%$5.4M$23.5M75xas long as short
Bybit SUSDT+0.0100%4h0.03927−0.275%$5.6M$6.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03933−0.122%$979K$7.3M20xas long as short
Gate S_USDT+0.0100%4h0.03929−0.224%$321K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.03935−0.072%$3.5M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03930−0.198%$1.8M$3.1M50xas long as short
Bitget SUSDTshort+0.0100%4h0.03935−0.072%$1.2M$3.0M50x
BingX S-USDT+0.0100%4h0.03931−0.173%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03930−0.198%$25K$471K50xas long as short
Extended S-USD+0.0104%1h0.03929−0.228%$221K$883K10xas long as short
Backpack S_USDC_PERP+0.0299%1h0.03930−0.198%$114K$291K5xas long as short
BloFin S-USDT+0.0340%4h0.03927−0.275%$267K$159K75xas long as short