Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.7732%/8h= −846.7% APRpaid last 24h −2.149%

Price spread now: 01 Exchange against Aster−1.994%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 −$232 a day on $10k at the current rate, and 01 Exchange is 1.994% cheaper against Aster than usual: you would sell low and buy high (−$199 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	0.04030	0.0100	pay 0.0050% / 4h	1h 04m	$48K	$110K	10x
Short	01 Exchange SUSD	0.03950	−0.7632	pay 0.0954% / 1h	4m 00s	$24K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −1.994%Rate

Funding earned: −$1,623.72
Price spread: −1.994% → 0.000%: −$199.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$1,838.16
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 37 min ago; 01 Exchange: 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, 37 min ago	14.78 bp	144.9 bp −$145	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
01 Exchange SUSDshort	−0.7632%	1h	0.03950	−1.994%	$24K	$2K	5x
Kraken Futures PF_SUSD	−0.2396%	1h	0.04024	−0.157%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.721%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04026	−0.101%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04021	−0.237%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04025	−0.138%	$620	—	150x	as long as short
Variational Omni S	+0.0010%	4h	0.04022	−0.201%	$625K	$22K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.727%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0086%	4h	0.04024	−0.158%	$100K	$591K	10x	as long as short
Lighter S	+0.0096%	1h	0.04029	−0.034%	$172K	$139K	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	0.04026	−0.114%	$1.0M	$579K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.04030	long leg	$48K	$110K	10x
Binance SUSDT	+0.0100%	4h	0.04030	0.000%	$5.7M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04027	−0.084%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04030	−0.010%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04024	−0.158%	$327K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04028	−0.059%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04022	−0.208%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04029	−0.034%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04028	−0.059%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04040	+0.239%	$23K	$487K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04026	−0.100%	$232K	$396K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04029	−0.034%	$280K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0744%	1h	0.04030	−0.010%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1784%	1h	0.04030	−0.010%	$117K	$426K	5x	as long as short