Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0555%/8h= −60.7% APRpaid last 24h +0.052%

Price spread now: Deribit against Aster−0.066%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 −$17 a day on $10k at the current rate, and Deribit is 0.066% cheaper against Aster than usual: you would sell low and buy high (−$7 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	0.03928	0.0041	pay 0.0021% / 4h	1h 56m	$43K	$212K	10x
Short	Deribit S_USDC-PERPETUAL	0.03925	−0.0514	pay 0.0064% / 1h	56m 33s	$66K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$116.5
Price spread: −0.066% → 0.000%: −$6.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$138.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 25 min ago; Deribit: 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, 25 min ago	10.19 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Kraken Futures PF_SUSD	−0.1594%	1h	0.03920	−0.182%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.586%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0787%	4h	0.03914	−0.349%	$609K	$34K	—	as long as short
Deribit S_USDC-PERPETUALshort	−0.0514%	1h	0.03925	−0.066%	$66K	$10K	10x
GMX S/USD [WBTC.b-USDC]	L −0.0193% / S +0.0186%	1h	0.03927	−0.022%	$1K	—	100x	as long as short
01 Exchange SUSD	−0.0136%	1h	0.03920	−0.193%	$24K	$3K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03917	−0.263%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03925	−0.055%	$605	—	150x	as long as short
Hyperliquid S	+0.0015%	1h	0.03926	−0.050%	$985K	$878K	5x	as long as short
Orderly PERP_S_USDC	+0.0019%	4h	0.03922	−0.142%	$100K	$349K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.390%	$2K	$37K	12x	as long as short
Aster SUSDTlong	+0.0041%	4h	0.03928	long leg	$43K	$212K	10x
Lighter S	+0.0096%	1h	0.03929	+0.036%	$165K	$222K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03926	−0.041%	$5.4M	$22.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03920	−0.193%	$5.6M	$6.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03921	−0.167%	$978K	$7.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03918	−0.244%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03926	−0.040%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03923	−0.116%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03926	−0.040%	$1.2M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03922	−0.142%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.193%	$23K	$469K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03922	−0.138%	$219K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	−0.244%	$269K	$132K	75x	as long as short
Backpack S_USDC_PERP	+0.0699%	1h	0.03930	+0.062%	$114K	$298K	5x	as long as short