Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.046%

Price spread now: Aster against Coinbase International+0.386%7-day average +0.274% · you sell dearer than you buy

Net, funding: paid 7d − costs−$306as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2832.828% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 3 days (all we have)−0.317%−$32 · spread now +0.386%, 7d avg +0.274%

Together, before fees−0.545%+ Points / potential airdropAster: Stage 5 · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.112% dearer against Coinbase International than usual: you sell high and buy low (spread +0.386% now, against its 7-day average of +0.274%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	272.24	0.0064	pay 0.0008% / 1h	43m 43s	$467K	$121K	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 Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.386%Rate

Funding earned: −$13.44
Price spread: +0.386% → +0.274%: $11.18
Slippage, 4 orders: −$264.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$285.08
Costs to cover: 2.828%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 39 min ago	5.14 bp	11.2 bp −$11	22.5 bp −$225	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	+0.386%	$344K	$117K	20x
Extended BE-USD	0.0000%	1h	272.84	+0.220%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.89	+0.238%	$8.5M	$37.5M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	272.76	+0.191%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.60	+0.132%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.78	+0.198%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.73	+0.180%	$7K	$196K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.82	+0.213%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.77	+0.195%	$13K	$33K	20x	as long as short
OKX BE-USDT-SWAP	+0.0028%	8h	272.81	+0.209%	$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	+0.158%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.85	+0.224%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	272.76	+0.191%	$1.3M	$3.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.64	+0.147%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.62	+0.140%	—	—	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0064%	1h	272.24	long leg	$467K	$121K	10x
KuCoin BEUSDTM	+0.0100%	8h	272.70	+0.169%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.81	+0.209%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.81	+0.209%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0234%	1h	272.70	+0.169%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0447%	1h	272.85	+0.224%	$6K	$4K	10x	as long as short