Funding arb · Price arb /

ASTS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h −0.018%

Price spread now: QFEX against GRVT−0.032%57s7-day average −0.024% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1000.997% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.208%−$21 · spread now −0.032%, 7d avg −0.024%

Together, before fees−0.216%+ Points / potential airdropGRVT: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ASTS_USDT_Perp	62.270	0.0221	pay 0.0221% / 8h	4h 45m	$417	$167K	10x
Short	QFEX ASTS-USD	62.250	0.0080	get 0.0010% / 1h	45m 53s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GRVT. 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 GRVTbpFee QFEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$29.61
Price spread: −0.032% → −0.024%: −$0.79
Slippage, 4 orders: −$80.74
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$130.14
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from GRVT: live order book, 7 min ago; QFEX: live order book, 11 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 GRVT live order book, 7 min ago	4.01 bp	33.7 bp −$34	72.3 bp −$723	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.61 bp	6.6 bp −$7	16.4 bp −$164	doesn't fit	doesn't fit

ASTS on 15 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
Aster ASTSUSDT	0.0000%	8h	62.204	−0.106%	$13K	$28K	20x	as long as short
Bybit ASTSUSDT	0.0000%	8h	62.230	−0.064%	$706K	$375K	25x	as long as short
OKX ASTS-USDT-SWAP	0.0000%	8h	62.210	−0.096%	$753K	$756K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	62.230	−0.064%	$1.7M	$1.2M	25x	as long as short
Bitget ASTSUSDT	0.0000%	8h	62.250	−0.032%	$1.2M	$356K	20x	as long as short
SunX ASTS-USDT	0.0000%	8h	62.230	−0.064%	$1K	$722K	10x	as long as short
HTX ASTS-USDT	0.0000%	8h	62.240	−0.048%	$5K	$3K	20x	as long as short
Lighter RH ASTS	+0.0032%	1h	62.270	0.000%	$9K	$30K	10x	as long as short
BloFin ASTS-USDT	+0.0036%	8h	62.230	−0.064%	$45K	$8K	20x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	62.240	−0.048%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTSUSDT	+0.0061%	8h	62.273	+0.005%	$2.7M	$4.1M	20x	as long as short
Extended ASTS-USD	+0.0064%	1h	62.258	−0.019%	$13K	$231K	10x	as long as short
QFEX ASTS-USDshort	+0.0080%	1h	62.250	−0.032%	$1.1M	$2.0M	10x
KuCoin ASTSUSDTM	+0.0100%	8h	62.230	−0.064%	$282K	$56K	20x	as long as short
GRVT ASTS_USDT_Perplong	+0.0221%	8h	62.270	long leg	$417	$167K	10x