Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against MEXC+0.022%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.022%, 7d avg +0.062%

Together, before fees+0.127%+ Points / potential airdropAster: Stage 5 · farm board+$13 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: Aster is 0.040% cheaper against MEXC than usual: you would sell low and buy high, −$4 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	MEXC VIRTUAL_USDT	0.7147	0.0100	pay 0.0050% / 4h	1h 09m	$15.9M	$5.2M	100x
Short	Aster VIRTUALUSDT	0.7149	0.0100	get 0.0050% / 4h	1h 09m	$92K	$302K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.062%: −$3.99
Slippage, 4 orders: −$27.96
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.95
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Aster: live order book, 33 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 MEXC live order book, 4 min ago	0.70 bp	3.5 bp −$4	7.8 bp −$78	49.0 bp −$4,899	243.4 bp −$121.7K
Sell Aster live order book, 33 min ago	8.40 bp	14.9 bp −$15	136.4 bp −$1,364	doesn't fit	doesn't fit

VIRTUAL on 33 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7145	−0.024%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	0.7146	−0.017%	$11K	$36K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0080%	1h	0.7153	+0.084%	$2K	$106	10x	as long as short
Variational Omni VIRTUAL	−0.0049%	4h	0.7138	−0.123%	$530K	$903K	—	as long as short
Lighter VIRTUAL	−0.0008%	1h	0.7142	−0.076%	$322K	$404K	5x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0005%	1h	0.7152	+0.070%	$522K	$762K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7149	+0.028%	$15K	$40K	10x	as long as short
Bybit VIRTUALUSDT	+0.0005%	4h	0.7139	−0.112%	$16.2M	$18.9M	50x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7146	−0.015%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.420%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0072%	4h	0.7150	+0.042%	$16K	$1.6M	10x	as long as short
Aster VIRTUALUSDTshort	+0.0100%	4h	0.7149	+0.022%	$92K	$302K	20x
Pacifica VIRTUAL	+0.0100%	1h	0.7151	+0.054%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7146	−0.021%	$16.1M	$42.3M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7144	−0.042%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7149	+0.028%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDTlong	+0.0100%	4h	0.7147	long leg	$15.9M	$5.2M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7148	+0.014%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7146	−0.014%	$6.0M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7147	0.000%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7150	+0.042%	$237K	$176K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7144	−0.038%	$19K	$260K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7146	−0.014%	$638K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7146	−0.014%	$40K	$236K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7152	+0.064%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7154	+0.098%	$1K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7147	+0.001%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7144	−0.036%	$55K	$259K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7148	+0.008%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0204%	1h	0.7155	+0.118%	$8.8M	$3.9M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7146	−0.009%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7151	+0.056%	$783K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7175	+0.392%	$200K	$101K	50x	as long as short