Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0237%/8h= −25.9% APRpaid last 24h −0.052%

Price spread now: Aster against Deribit−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 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 −$7 a day on $10k at the current rate, and Aster is 0.052% cheaper against Deribit than usual: you would sell low and buy high (−$5 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	Deribit S_USDC-PERPETUAL	0.03937	0.0258	pay 0.0032% / 1h	13m 43s	$66K	$10K	10x
Short	Aster SUSDT	0.03935	0.0021	get 0.0011% / 4h	2h 13m	$43K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$49.74
Price spread: −0.052% → 0.000%: −$5.21
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$69.95
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 8 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 8 min ago	10.19 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit

Deribit: 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
Kraken Futures PF_SUSD	−0.1451%	1h	0.03934	−0.084%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.819%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0878%	4h	0.03928	−0.233%	$611K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0191% / S +0.0185%	1h	0.03934	−0.084%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03928	−0.222%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0012%	4h	0.03933	−0.102%	$99K	$343K	10x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03920	−0.432%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03933	−0.107%	$606	—	150x	as long as short
Aster SUSDTshort	+0.0021%	4h	0.03935	−0.052%	$43K	$212K	10x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.140%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03936	−0.025%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03932	−0.140%	$994K	$900K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03933	−0.102%	$5.4M	$23.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03927	−0.254%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03932	−0.127%	$981K	$7.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03929	−0.203%	$321K	$292K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03934	−0.076%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03929	−0.203%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03933	−0.102%	$1.2M	$2.9M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03932	−0.127%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	+0.076%	$25K	$471K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03931	−0.140%	$221K	$883K	10x	as long as short
Deribit S_USDC-PERPETUALlong	+0.0258%	1h	0.03937	long leg	$66K	$10K	10x
BloFin S-USDT	+0.0340%	4h	0.03934	−0.076%	$268K	$159K	75x	as long as short
Backpack S_USDC_PERP	+0.0369%	1h	0.03940	+0.076%	$115K	$294K	5x	as long as short