Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.124%

Price spread now: Gate against Aster−0.222%7-day average −0.114% · 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−$275as in the Price arb table

costs, in and out, $10k−$2642.638% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.472%−$47 · spread now −0.222%, 7d avg −0.114%

Together, before fees−0.172%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.109% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.04096	0.0100	pay 0.0050% / 4h	57m 54s	$45K	$133K	10x
Short	Gate S_USDT	0.04087	0.0100	get 0.0050% / 4h	57m 54s	$336K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.222%Rate

Funding earned: $0
Price spread: −0.222% → −0.114%: −$10.86
Slippage, 4 orders: −$240.78
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$274.64
Costs to cover: 2.638%
Break-even: never at this rate

Slippage from Aster: live order book, 63 min ago; Gate: live order book, 62 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, 63 min ago	14.80 bp	82.8 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	8.67 bp	75.6 bp −$76	doesn't fit	doesn't fit	doesn't fit

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	−1.1056%	1h	0.03960	−3.323%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2494%	1h	0.04093	−0.077%	$34K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.04022	−1.809%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04101	+0.117%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04100	+0.086%	$4	—	15x	as long as short
Variational Omni S	−0.0076%	4h	0.04088	−0.194%	$635K	$31K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04101	+0.124%	$3K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.095%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0068%	4h	0.04097	+0.022%	$102K	$311K	10x	as long as short
Lighter S	+0.0096%	1h	0.04102	+0.144%	$172K	$153K	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	0.04095	−0.015%	$1.0M	$558K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.04096	long leg	$45K	$133K	10x
Binance SUSDT	+0.0100%	4h	0.04079	−0.415%	$5.6M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04070	−0.637%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04073	−0.564%	$1.1M	$4.0M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.04087	−0.222%	$336K	$186K	50x
MEXC S_USDT	+0.0100%	4h	0.04080	−0.393%	$4.0M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04081	−0.369%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04094	−0.051%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04076	−0.491%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04100	+0.095%	$25K	$452K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04088	−0.196%	$230K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0118%	1h	0.04100	+0.095%	$121K	$384K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0238%	1h	0.04100	+0.095%	$69K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04103	+0.168%	$284K	$100K	75x	as long as short