Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.001%

Price spread now: Aster against Arcus+0.238%56s7-day average +0.104% · 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—prices read too far apart to compare

costs, in and out, $10k−$2752.754% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.334%−$33 · spread now +0.238%, 7d avg +0.104%

Together, before fees−0.372%+ Points / potential airdropAster: Stage 5 · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.135% dearer against Arcus than usual: you sell high and buy low (spread +0.238% now, against its 7-day average of +0.104%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 56 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	Arcus BE-USD	272.64	0.0040	pay 0.0005% / 1h	43m 47s	$114K	$134K	10x
Short	Aster BEUSDT	273.29	0	get 0.0000% / 8h	1h 43m	$344K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.238%Rate

Funding earned: −$8.46
Price spread: +0.238% → +0.104%: $13.45
Slippage, 4 orders: −$262.87
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$270.38
Costs to cover: 2.754%
Break-even: never at this rate

Slippage from Arcus: live order book, 39 min ago; Aster: live order book, 38 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 Arcus live order book, 39 min ago	1.47 bp	7.7 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit
Sell Aster live order book, 38 min ago	12.49 bp	50.5 bp −$51	doesn't fit	doesn't fit	doesn't fit

BE on 21 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 BEUSDTshort	0.0000%	8h	273.29	+0.238%	$344K	$117K	20x
Extended BE-USD	0.0000%	1h	272.84	+0.073%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.89	+0.091%	$8.5M	$37.5M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	272.76	+0.044%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.60	−0.015%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.78	+0.051%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.73	+0.033%	$7K	$196K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.82	+0.066%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.77	+0.048%	$13K	$33K	20x	as long as short
OKX BE-USDT-SWAP	+0.0028%	8h	272.81	+0.062%	$2.6M	$6.8M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	272.67	+0.011%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.85	+0.077%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	272.76	+0.044%	$1.3M	$3.7M	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	272.64	long leg	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	272.62	−0.007%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.147%	$467K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.70	+0.022%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.81	+0.062%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.81	+0.062%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0234%	1h	272.70	+0.022%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0447%	1h	272.85	+0.077%	$6K	$4K	10x	as long as short