Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against Aster−0.079%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Arcus is 0.079% cheaper against Aster than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 6.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster COINUSDT	202.27	0	get 0.0000% / 8h	2h 25m	$371K	$839K	20x
Short	Arcus COIN-USD	202.11	0.0040	get 0.0005% / 1h	25m 32s	$18K	$54K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.079%Rate

Funding earned: $8.46
Price spread: −0.079% → 0.000%: −$7.94
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$11.98
Costs to cover: 0.125%
Break-even: 16.9 days

Slippage unknown: Aster: live order book, 62 min ago; Arcus: 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 Aster live order book, 62 min ago	41.38 bp	45.7 bp −$46	45.8 bp −$458	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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.

COIN on 26 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
Injective COIN/USDC PERP	−0.0440%	1h	201.98	−0.144%	$40K	$48K	30x	as long as short
Aster COINUSDTlong	0.0000%	8h	202.27	long leg	$371K	$839K	20x
Extended COIN_24_5-USD	0.0000%	1h	202.23	−0.021%	$120K	$445K	10x	as long as short
Binance COINUSDT	0.0000%	8h	202.26	−0.007%	$15.6M	$77.1M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	202.20	−0.035%	$5.0M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	202.26	−0.005%	$3.3M	$4.8M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	202.24	−0.015%	$1.3M	$6.9M	50x	as long as short
Variational Omni COIN	0.0000%	8h	201.95	−0.161%	$760K	$982K	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	202.07	−0.099%	$18K	$2.0M	10x	as long as short
Bitget COINUSDT	+0.0015%	8h	202.30	+0.015%	$6.9M	$10.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COIN-USD	+0.0027%	1h	202.38	+0.054%	$1.4M	$3.8M	10x	as long as short
Lighter COIN	+0.0032%	1h	202.24	−0.017%	$377K	$2.1M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	202.22	−0.025%	$437K	$2.0M	10x	as long as short
Arcus COIN-USDshort	+0.0040%	1h	202.11	−0.079%	$18K	$54K	5x
Vest COIN-USD-PERP	+0.0046%	1h	202.38	+0.054%	—	$513K	25x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	202.23	−0.020%	$16.4M	$13.4M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	202.10	−0.084%	$212K	$1.1M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	202.16	−0.055%	$89	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	202.00	−0.134%	$367K	$3.2M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	202.25	−0.010%	$1.0M	$146K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	202.12	−0.074%	$91K	$533K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	202.16	−0.055%	$585	$5K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	202.12	−0.074%	$119	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	202.08	−0.094%	$200K	$339K	20x	as long as short
Phoenix COIN	+0.0197%	1h	201.89	−0.188%	$5K	$281K	10x	as long as short
edgeX COINUSDC	+0.0996%	4h	202.00	−0.134%	$52K	$292K	10x	as long as short