Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against Aster+0.076%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 6 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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.076% dearer against Aster than usual: you sell high and buy low: +$8 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 BXUSDT	126.35	0	get 0.0000% / 8h	13m 29s	$5K	$868	20x
Short	tradeXYZ xyz:BX	126.45	0.0050	get 0.0006% / 1h	13m 29s	$665K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.076%Rate

Funding earned: $10.5
Price spread: +0.076% → 0.000%: $7.58
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$7.92
Costs to cover: 0.260%
Break-even: 12.3 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 43 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 43 min ago	3.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aster: 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.

BX on 14 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 BXUSDTlong	0.0000%	8h	126.35	long leg	$5K	$868	20x
Binance BXUSDT	0.0000%	8h	126.65	+0.233%	$772K	$495K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.65	+0.234%	$482K	$804K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.70	+0.274%	$164K	$114K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.448%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.73	+0.297%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.65	+0.234%	$900K	$28K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.63	+0.218%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.65	+0.234%	$1K	$300K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.99	+0.503%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BXshort	+0.0050%	1h	126.45	+0.076%	$665K	$246K	10x
KuCoin BXUSDTM	+0.0100%	8h	126.40	+0.036%	$112K	$770K	20x	as long as short
GRVT BX_USDT_Perp	+0.0200%	8h	126.68	+0.257%	$1K	$101K	10x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.802%	$4K	$32K	12x	as long as short