Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2116%/8h= +231.7% APRpaid last 24h +2.300%

Price spread now: Aster against 01 Exchange+1.814%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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 for this trade now. Funding pays +$63 a day on $10k at the current rate, and Aster is 1.814% dearer against 01 Exchange than usual: you sell high and buy low: +$181 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUSD	0.03850	−0.2016	get 0.0252% / 1h	1m 55s	$23K	$2K	5x
Short	Aster SUSDT	0.03920	0.0100	get 0.0050% / 4h	1h 01m	$43K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +1.814%Rate

Funding earned: $444.36
Price spread: +1.814% → 0.000%: $181.36
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $610.72
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 15 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 15 min ago	8.98 bp	31.5 bp −$32	doesn't fit	doesn't fit	doesn't fit

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 SUSDlong	−0.2016%	1h	0.03850	long leg	$23K	$2K	5x
Kraken Futures PF_SUSD	−0.1598%	1h	0.03912	+1.607%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−0.623%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0957%	4h	0.03896	+1.194%	$606K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0198% / S +0.0192%	1h	0.03921	+1.834%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03911	+1.590%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03920	+1.826%	$604	—	150x	as long as short
Orderly PERP_S_USDC	+0.0031%	4h	0.03918	+1.766%	$100K	$343K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+6.494%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03921	+1.844%	$164K	$223K	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	0.03919	+1.782%	$983K	$713K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.03920	+1.814%	$43K	$212K	10x
Binance SUSDT	+0.0100%	4h	0.03918	+1.759%	$5.3M	$18.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03911	+1.584%	$5.6M	$5.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03916	+1.714%	$976K	$5.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03910	+1.558%	$319K	$266K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03918	+1.766%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03913	+1.636%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03918	+1.766%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03915	+1.688%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03900	+1.299%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03916	+1.714%	$219K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0260%	1h	0.03923	+1.896%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03914	+1.662%	$266K	$125K	75x	as long as short
Backpack S_USDC_PERP	+0.0394%	1h	0.03920	+1.818%	$114K	$302K	5x	as long as short