Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%

Price spread now: Aster against tradeXYZ+0.073%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2862.862% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.073%, 7d avg +0.041%

Together, before fees−0.115%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.032% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.041%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BE	269.75	0.0050	pay 0.0006% / 1h	43m 13s	$5.8M	$2.8M	10x
Short	Aster BEUSDT	269.95	0	get 0.0000% / 8h	7h 43m	$341K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$10.5
Price spread: +0.073% → +0.041%: $3.22
Slippage, 4 orders: −$260.23
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$293.51
Costs to cover: 2.862%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Aster: live order book, 54 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 tradeXYZ live order book, 4 min ago	0.74 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 54 min ago	35.03 bp	59.0 bp −$59	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
GRVT BE_USDT_Perp	−0.0449%	8h	269.71	−0.016%	$6K	$151K	10x	as long as short
Bitget BEUSDT	−0.0018%	8h	269.63	−0.044%	$1.6M	$2.7M	20x	as long as short
Aster BEUSDTshort	0.0000%	8h	269.95	+0.073%	$341K	$128K	20x
Extended BE-USD	0.0000%	1h	269.71	−0.016%	$47K	$380K	10x	as long as short
Binance BEUSDT	0.0000%	8h	269.79	+0.015%	$8.1M	$37.3M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	269.76	+0.004%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	269.74	−0.004%	$2.6M	$6.8M	25x	as long as short
Gate BE_USDT	0.0000%	8h	269.60	−0.056%	$1.3M	$3.3M	50x	as long as short
SunX BE-USDT	0.0000%	8h	269.84	+0.033%	$1K	$2.2M	10x	as long as short
HTX BE-USDT	0.0000%	8h	269.87	+0.044%	$12K	$35K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0012%	1h	269.44	−0.115%	$1.3M	$2.2M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	269.24	−0.189%	$474K	$115K	10x	as long as short
Lighter BE	+0.0032%	1h	269.50	−0.093%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	269.59	−0.059%	$244K	$304K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	269.50	−0.093%	$113K	$91K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	269.53	−0.082%	—	—	10x	as long as short
tradeXYZ xyz:BElong	+0.0050%	1h	269.75	long leg	$5.8M	$2.8M	10x
KuCoin BEUSDTM	+0.0100%	8h	269.69	−0.022%	$350K	$54K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	269.73	−0.009%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	269.73	−0.007%	$46K	$146K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0492%	1h	269.74	−0.004%	$6K	$4K	10x	as long as short