Settings8H · net · $10k
Funding arb · Price arb /

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Aster−0.100%7-day average −0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.100%, 7d avg −0.067%
Together, before fees+0.200%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.034% cheaper against Aster than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.067%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster COINUSDT197.190get 0.0000% / 8h3h 51m$344K$890K20x
ShortOndo Perps COIN-USD.P196.990.0050get 0.0006% / 1h51m 14s$357K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$10.58
Price spread: −0.100% → −0.067%
−$3.37
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$5.78
Costs to cover
0.130%
Break-even
10.8 days
Slippage unknown: Aster: live order book, 2 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 2 min ago52.17 bp65.1 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget COINUSDT−0.0684%8h197.27+0.042%$6.3M$10.4M20xas long as short
Injective COIN/USDC PERP−0.0440%1h197.29+0.052%$44K$48K30xas long as short
Gate COIN_USDT−0.0220%8h197.28+0.047%$1.2M$7.2M50xas long as short
Vest COIN-USD-PERP−0.0109%1h196.61−0.293%$266K25xas long as short
Aster COINUSDTlong0.0000%8h197.19long leg$344K$890K20x
Extended COIN_24_5-USD0.0000%1h197.07−0.062%$117K$692K10xas long as short
Binance COINUSDT0.0000%8h197.10−0.044%$14.7M$79.8M20xas long as short
Bybit COINUSDT0.0000%8h197.18−0.004%$4.9M$6.0M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h197.27+0.042%$3.1M$4.7M20xas long as short
Variational Omni COIN0.0000%8h197.30+0.057%$681K$935Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h197.44+0.128%$18K$2.3M10xas long as short
QFEX COIN-USD+0.0020%1h197.19+0.001%$1.3M$3.2M10xas long as short
Lighter RH COIN+0.0032%1h197.06−0.065%$449K$1.4M10xas long as short
Arcus COIN-USD+0.0040%1h197.45+0.133%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.99−0.100%$15.5M$13.5M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h196.99−0.100%$134K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h197.14−0.024%$80$3K10xas long as short
Ondo Perps COIN-USD.Pshort+0.0050%1h196.99−0.100%$357K$2.7M10x
KuCoin COINUSDTM+0.0100%8h197.08−0.055%$994K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h197.27+0.042%$89K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h197.11−0.039%$570$4K10xas long as short
Aevo COIN-PERP+0.0104%1h197.17−0.010%$11610xas long as short
BloFin COIN-USDT+0.0120%8h197.19+0.001%$187K$393K20xas long as short
Phoenix COIN+0.0122%1h197.22+0.016%$5K$283K10xas long as short
Lighter COIN+0.0208%1h197.07−0.057%$340K$2.0M10xas long as short
edgeX COINUSDC+0.0220%4h197.34+0.075%$51K$295K10xas long as short