Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.123%

Price spread now: MEXC against Aster−0.153%7-day average −0.062% · 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−$84as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.252%+$25 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.153%, 7d avg −0.062%

Together, before fees+0.173%+ 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: MEXC is 0.091% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03926	0.0100	pay 0.0050% / 4h	33m 22s	$43K	$145K	10x
Short	MEXC S_USDT	0.03920	0.0100	get 0.0050% / 4h	33m 22s	$3.6M	$1.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → −0.062%: −$9.13
Slippage, 4 orders: −$63.26
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$84.39
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from Aster: live order book, 43 min ago; MEXC: live order book, 4 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, 43 min ago	8.98 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.28 bp	4.8 bp −$5	39.4 bp −$394	260.3 bp −$26.0K	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	−0.6192%	1h	0.03850	−1.936%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2129%	1h	0.03918	−0.213%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.547%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1003%	4h	0.03900	−0.661%	$607K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0202% / S +0.0194%	1h	0.03921	−0.125%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03917	−0.222%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03920	−0.161%	$604	—	150x	as long as short
Orderly PERP_S_USDC	+0.0031%	4h	0.03919	−0.178%	$100K	$340K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.432%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03925	−0.025%	$164K	$217K	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	0.03920	−0.163%	$982K	$695K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.03926	long leg	$43K	$145K	10x
Binance SUSDT	+0.0100%	4h	0.03919	−0.173%	$5.4M	$17.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03915	−0.280%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03918	−0.204%	$980K	$5.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03908	−0.458%	$319K	$259K	50x	as long as short
MEXC S_USDTshort	+0.0100%	4h	0.03920	−0.153%	$3.6M	$1.9M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03916	−0.255%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03924	−0.051%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03915	−0.280%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	−0.408%	$25K	$454K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03921	−0.138%	$220K	$877K	10x	as long as short
Backpack S_USDC_PERP	+0.0231%	1h	0.03920	−0.153%	$114K	$311K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03910	−0.408%	$267K	$125K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0769%	1h	0.03928	+0.051%	$66K	$10K	10x	as long as short