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+0.0132%/8h= +14.4% APRnext payment +$0.66 per $10,000 · paid last 24h +0.115%
Price spread now: KuCoin against Aster−0.064%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2512.514% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.259%+$26 on $10k
Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.064%, 7d avg −0.133%
Together, before fees−0.015%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.069% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.133%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SUSDT0.03902−0.0032get 0.0016% / 4h2h 35m$43K$212K10x
ShortKuCoin SUSDTM0.039000.0100get 0.0050% / 4h2h 35m$1.8M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$27.69
Price spread: −0.064% → −0.133%
$6.92
Slippage, 4 orders
−$231.43
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$216.81
Costs to cover
2.514%
Break-even
61.8 days
Slippage from Aster: live order book, 50 min ago; KuCoin: live order book, 7 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, 50 min ago8.83 bp32.8 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago2.56 bp79.6 bp −$80209.1 bp −$2,091doesn'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−0.1463%1h0.03900−0.056%$33K$33K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−1.960%$47K$5K25xas long as short
Variational Omni S−0.1172%4h0.03903+0.014%$608K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0173% / S +0.0169%1h0.039020.000%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03898−0.118%$415xas long as short
Aster SUSDTlong−0.0032%4h0.03902long leg$43K$212K10x
Orderly PERP_S_USDC−0.0017%4h0.03900−0.064%$100K$339K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03903+0.004%$602150xas long as short
01 Exchange SUSD+0.0008%1h0.03900−0.064%$24K$3K5xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+5.061%$2K$37K12xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03903+0.013%$164K$240K5xas long as short
OKX S-USDT-SWAP+0.0099%4h0.03899−0.089%$970K$7.4M20xas long as short
Hyperliquid S+0.0100%1h0.03900−0.066%$984K$911K5xas long as short
Binance SUSDT+0.0100%4h0.03904+0.039%$5.3M$23.8M75xas long as short
Bybit SUSDT+0.0100%4h0.03897−0.140%$5.6M$6.4M50xas long as short
Gate S_USDT+0.0100%4h0.03898−0.115%$319K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.03904+0.039%$3.5M$2.6M200xas long as short
KuCoin SUSDTMshort+0.0100%4h0.03900−0.064%$1.8M$3.1M50x
Bitget SUSDT+0.0100%4h0.03905+0.065%$1.2M$3.0M50xas long as short
BingX S-USDT+0.0100%4h0.03901−0.038%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03910+0.193%$23K$470K50xas long as short
Extended S-USD+0.0104%1h0.03900−0.075%$219K$883K10xas long as short
Deribit S_USDC-PERPETUAL+0.0262%1h0.03906+0.090%$66K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.03906+0.090%$270K$178K75xas long as short
Backpack S_USDC_PERP+0.0568%1h0.03910+0.193%$114K$288K5xas long as short