Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0877%/8h= +96.0% APRpaid last 24h +0.126%

Price spread now: Deribit against Aster+0.112%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Deribit is 0.112% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BEUSDT	275.07	0	get 0.0000% / 8h	4h 01m	$346K	$119K	20x
Short	Deribit BE_USDC-PERPETUAL	275.38	0.0877	get 0.0110% / 1h	1m 07s	$7K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now +0.112%Rate

Funding earned: $184.17
Price spread: +0.112% → 0.000%: $11.15
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $180.32
Costs to cover: 0.150%
Break-even: 0.1 days

Slippage unknown: Aster: live order book, 56 min ago; Deribit: no order-book sample. Net counts fees only.

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 Aster live order book, 56 min ago	40.95 bp	335.9 bp −$336	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 BEUSDTlong	0.0000%	8h	275.07	long leg	$346K	$119K	20x
Gate BE_USDT	0.0000%	8h	274.80	−0.099%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.01	−0.023%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.23	+0.057%	$7K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.98	−0.034%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.02	−0.019%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	275.04	−0.012%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.04	−0.012%	$251K	$291K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.725%	$473K	$128K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.92	−0.056%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	274.95	−0.045%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.87	−0.074%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	274.92	−0.056%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0054%	8h	275.06	−0.006%	$8.5M	$36.5M	25x	as long as short
Extended BE-USD	+0.0056%	1h	275.03	−0.015%	$46K	$260K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.20	+0.046%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.10	+0.010%	—	—	10x	as long as short
Bybit BEUSDT	+0.0112%	8h	275.24	+0.061%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	+0.0152%	8h	275.15	+0.028%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0174%	8h	275.15	+0.028%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUALshort	+0.0877%	1h	275.38	+0.112%	$7K	$4K	10x