Funding arb · Price arb /

ASTS

RWAall ASTS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.011%

Price spread now: SunX against QFEX+0.081%7-day average +0.028% · 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−$143as in the Price arb table

costs, in and out, $10k−$1481.483% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.081%, 7d avg +0.028%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.053% dearer against QFEX than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.028%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 3 days (−0.020% in total) that is about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ASTS-USD	62.090	0.0051	pay 0.0006% / 1h	42m 45s	$1.1M	$2.1M	10x
Short	SunX ASTS-USDT	62.140	0	get 0.0000% / 8h	42m 45s	$1K	$806K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$10.72
Price spread: +0.081% → +0.028%: $5.27
Slippage, 4 orders: −$130.33
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$153.79
Costs to cover: 1.483%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; SunX: live order book, 19 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, 4 min ago	3.22 bp	8.6 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell SunX live order book, 19 min ago	46.69 bp	65.8 bp −$66	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	62.110	+0.032%	$13K	$28K	20x	as long as short
Extended ASTS-USD	0.0000%	1h	62.124	+0.054%	$8K	$249K	10x	as long as short
Binance ASTSUSDT	0.0000%	8h	62.140	+0.080%	$2.7M	$4.2M	20x	as long as short
Bybit ASTSUSDT	0.0000%	8h	62.080	−0.016%	$719K	$385K	25x	as long as short
OKX ASTS-USDT-SWAP	0.0000%	8h	62.150	+0.097%	$752K	$760K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	62.070	−0.032%	$1.7M	$1.2M	25x	as long as short
Bitget ASTSUSDT	0.0000%	8h	62.090	0.000%	$1.2M	$431K	20x	as long as short
SunX ASTS-USDTshort	0.0000%	8h	62.140	+0.081%	$1K	$806K	10x
HTX ASTS-USDT	0.0000%	8h	62.120	+0.048%	$5K	$4K	20x	as long as short
GRVT ASTS_USDT_Perp	+0.0011%	8h	62.140	+0.081%	$908	$187K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ASTS-USDT	+0.0012%	8h	62.170	+0.129%	$44K	$8K	20x	as long as short
Lighter RH ASTS	+0.0032%	1h	62.123	+0.053%	$9K	$29K	10x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	62.060	−0.048%	—	—	10x	as long as short
QFEX ASTS-USDlong	+0.0051%	1h	62.090	long leg	$1.1M	$2.1M	10x
KuCoin ASTSUSDTM	+0.0100%	8h	62.000	−0.145%	$280K	$37K	20x	as long as short