Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h 0.000%

Price spread now: Aster against tradeXYZ+0.224%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

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 airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.224% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.224% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BX	126.48	0.0327	pay 0.0041% / 1h	42m 40s	$666K	$264K	10x
Short	Aster BXUSDT	126.76	0	get 0.0000% / 8h	7h 42m	$5K	$868	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 +0.224%Rate

Funding earned: −$68.67
Price spread: +0.224% → 0.000%: $22.41
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$72.26
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 4 min ago; Aster: 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 tradeXYZ live order book, 4 min ago	3.95 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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 BXUSDTshort	0.0000%	8h	126.76	+0.224%	$5K	$868	20x
Bybit BXUSDT	0.0000%	8h	126.92	+0.348%	$482K	$804K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.74	+0.206%	$164K	$115K	20x	as long as short
QFEX BX-USD	0.0000%	1h	124.91	−1.241%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.74	+0.206%	$422K	$24K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.63	+0.119%	$900K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.72	+0.193%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.73	+0.198%	$840	$307K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.79	+0.245%	$7K	$4K	20x	as long as short
Binance BXUSDT	+0.0040%	8h	126.80	+0.253%	$771K	$518K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BX_USDT_Perp	+0.0081%	8h	126.81	+0.261%	$659	$104K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.64	+0.127%	$110K	$771K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.693%	$4K	$31K	12x	as long as short
tradeXYZ xyz:BXlong	+0.0327%	1h	126.48	long leg	$666K	$264K	10x