Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1556%/8h= −170.4% APRpaid last 24h −0.477%

Price spread now: Coinbase International against Aster−1.968%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 Coinbase International

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

Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Coinbase International is 1.968% cheaper against Aster than usual: you would sell low and buy high (−$197 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.04103	0.0100	pay 0.0050% / 4h	1h 19m	$45K	$133K	10x
Short	Coinbase International S-PERP-INTX	0.04022	−0.1456	pay 0.0182% / 1h	19m 18s	$48K	$16K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −1.968%Rate

Funding earned: −$326.76
Price spread: −1.968% → 0.000%: −$196.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$541.51
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 42 min ago; Coinbase International: no order-book sample. 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 live order book, 42 min ago	14.80 bp	82.8 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

S on 25 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
01 Exchange SUSD	−1.1576%	1h	0.03950	−3.722%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1678%	1h	0.04094	−0.221%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTXshort	−0.1456%	1h	0.04022	−1.968%	$48K	$16K	25x
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04099	−0.081%	$1K	—	100x	as long as short
Variational Omni S	−0.0135%	4h	0.04099	−0.097%	$636K	$31K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04097	−0.141%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04100	−0.073%	$3K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.066%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0068%	4h	0.04098	−0.115%	$102K	$332K	10x	as long as short
Lighter S	+0.0096%	1h	0.04103	+0.007%	$172K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04099	−0.093%	$1.0M	$554K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.04103	long leg	$45K	$133K	10x
Binance SUSDT	+0.0100%	4h	0.04096	−0.164%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04091	−0.286%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04096	−0.164%	$1.1M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04101	−0.042%	$337K	$201K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04099	−0.091%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04094	−0.213%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04098	−0.115%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04098	−0.115%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04110	+0.177%	$25K	$449K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04095	−0.184%	$232K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04096	−0.164%	$285K	$104K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0726%	1h	0.04101	−0.042%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1613%	1h	0.04100	−0.066%	$121K	$373K	5x	as long as short