Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.111%

Price spread now: Aster against Deribit+0.161%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Aster

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

The price spread pays, funding is against you. Aster is 0.161% dearer against Deribit than usual: you sell high and buy low (spread +0.161% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BE_USDC-PERPETUAL	272.85	0.0447	pay 0.0056% / 1h	43m 34s	$6K	$4K	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 Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$93.84
Price spread: +0.161% → 0.000%: $16.13
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.71
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 38 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 38 min ago	12.49 bp	50.5 bp −$51	doesn't fit	doesn't fit	doesn't fit

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 BEUSDTshort	0.0000%	8h	273.29	+0.161%	$344K	$117K	20x
Extended BE-USD	0.0000%	1h	272.85	0.000%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.92	+0.026%	$8.5M	$37.5M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	272.76	−0.033%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.70	−0.055%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.78	−0.026%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.78	−0.027%	$7K	$196K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.82	−0.011%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.77	−0.029%	$13K	$33K	20x	as long as short
OKX BE-USDT-SWAP	+0.0028%	8h	272.81	−0.015%	$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	−0.066%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.85	0.000%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	272.88	+0.011%	$1.3M	$3.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.71	−0.051%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.62	−0.084%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.224%	$467K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.70	−0.055%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.81	−0.015%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.81	−0.015%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0234%	1h	272.70	−0.055%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUALlong	+0.0447%	1h	272.85	long leg	$6K	$4K	10x