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+0.0057%/8h= +6.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.070%
Price spread now: OKX against Aster−0.064%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.133%+$13 on $10k
Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.064%, 7d avg −0.117%
Together, before fees+0.143%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.053% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.117%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SUSDT0.039270.0043pay 0.0021% / 4h1h 54m$43K$212K10x
ShortOKX S-USDT-SWAP0.039240.0100get 0.0050% / 4h1h 54m$979K$7.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$12
Price spread: −0.064% → −0.117%
$5.34
Slippage, 4 orders
−$112.31
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$112.97
Costs to cover
1.303%
Break-even
72.9 days
Slippage from Aster: live order book, 27 min ago; OKX: live order book, 3 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, 27 min ago10.19 bp33.8 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 3 min ago1.28 bp30.7 bp −$31doesn't fitdoesn'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−0.1593%1h0.03923−0.095%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1576%1h0.03826−2.560%$47K$5K25xas long as short
Variational Omni S−0.0793%4h0.03918−0.212%$609K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0193% / S +0.0186%1h0.03930+0.092%$1K100xas long as short
01 Exchange SUSD−0.0160%1h0.03920−0.166%$24K$3K5xas long as short
Reya SRUSDPERP−0.0101%1h0.03923−0.077%$415xas long as short
Deribit S_USDC-PERPETUAL−0.0004%1h0.03931+0.115%$66K$10K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03930+0.086%$606150xas long as short
Hyperliquid S+0.0009%1h0.03925−0.041%$985K$878K5xas long as short
Orderly PERP_S_USDC+0.0020%4h0.03926−0.013%$100K$350K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.419%$2K$37K12xas long as short
Aster SUSDTlong+0.0043%4h0.03927long leg$43K$212K10x
Lighter S+0.0096%1h0.03929+0.064%$165K$222K5xas long as short
Binance SUSDT+0.0100%4h0.03925−0.038%$5.4M$22.2M75xas long as short
Bybit SUSDT+0.0100%4h0.03919−0.191%$5.6M$6.2M50xas long as short
OKX S-USDT-SWAPshort+0.0100%4h0.03924−0.064%$979K$7.0M20x
Gate S_USDT+0.0100%4h0.03917−0.242%$320K$265K50xas long as short
MEXC S_USDT+0.0100%4h0.03927+0.013%$3.5M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03922−0.115%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03924−0.064%$1.2M$2.8M50xas long as short
BingX S-USDT+0.0100%4h0.03924−0.064%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03920−0.166%$23K$469K50xas long as short
Extended S-USD+0.0104%1h0.03923−0.087%$221K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03918−0.217%$268K$132K75xas long as short
Backpack S_USDC_PERP+0.0363%1h0.03930+0.089%$114K$298K5xas long as short