Funding arb · Price arb /

ASTS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.016%

Price spread now: KuCoin against QFEX−0.114%7-day average −0.070% · 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−$435as in the Price arb table

costs, in and out, $10k−$4304.304% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.114%, 7d avg −0.070%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.044% cheaper against QFEX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.070%). If the spread goes back, that is −$4 on $10k: about 3.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ASTS-USD	61.430	0.0054	pay 0.0007% / 1h	27m 50s	$1.1M	$1.9M	10x
Short	KuCoin ASTSUSDTM	61.360	0.0100	get 0.0100% / 8h	2h 27m	$277K	$56K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now −0.114%Rate

Funding earned: $9.68
Price spread: −0.114% → −0.070%: −$4.43
Slippage, 4 orders: −$408.37
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$425.12
Costs to cover: 4.304%
Break-even: 314.5 days

Slippage from QFEX: live order book, 9 min ago; KuCoin: live order book, 29 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 QFEX live order book, 9 min ago	27.58 bp	35.8 bp −$36	41.4 bp −$414	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	16.99 bp	179.3 bp −$179	doesn't fit	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	61.525	+0.155%	$13K	$28K	20x	as long as short
Bybit ASTSUSDT	0.0000%	8h	61.350	−0.130%	$698K	$315K	25x	as long as short
OKX ASTS-USDT-SWAP	0.0000%	8h	61.390	−0.065%	$742K	$683K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	61.400	−0.049%	$1.6M	$1.2M	25x	as long as short
Bitget ASTSUSDT	0.0000%	8h	61.490	+0.098%	$1.2M	$355K	20x	as long as short
SunX ASTS-USDT	0.0000%	8h	61.420	−0.016%	$1K	$694K	10x	as long as short
HTX ASTS-USDT	0.0000%	8h	61.520	+0.147%	$5K	$3K	20x	as long as short
Lighter RH ASTS	+0.0032%	1h	61.384	−0.075%	$9K	$31K	10x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	61.430	0.000%	—	—	10x	as long as short
QFEX ASTS-USDlong	+0.0054%	1h	61.430	long leg	$1.1M	$1.9M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ASTS-USDT	+0.0066%	8h	61.480	+0.081%	$45K	$8K	20x	as long as short
Extended ASTS-USD	+0.0088%	1h	61.365	−0.107%	$8K	$231K	10x	as long as short
Binance ASTSUSDT	+0.0090%	8h	61.318	−0.182%	$2.7M	$4.2M	20x	as long as short
KuCoin ASTSUSDTMshort	+0.0100%	8h	61.360	−0.114%	$277K	$56K	20x
GRVT ASTS_USDT_Perp	+0.0184%	8h	61.501	+0.116%	$1K	$163K	10x	as long as short