Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h +0.008%

Price spread now: QFEX against Aster−0.039%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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. QFEX is 0.039% cheaper against Aster than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.8 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 COSTUSDT	902.65	0	get 0.0000% / 8h	7h 49m	$45K	$133	20x
Short	QFEX COST-USD	902.30	0.0046	get 0.0006% / 1h	49m 04s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $9.69
Price spread: −0.039% → 0.000%: −$3.91
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$12.21
Costs to cover: 0.180%
Break-even: 15.8 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 3 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 QFEX live order book, 3 min ago	1.77 bp	8.0 bp −$8	16.4 bp −$164	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.

COST on 15 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 COSTUSDTlong	0.0000%	8h	902.65	long leg	$45K	$133	20x
Binance COSTUSDT	0.0000%	8h	902.48	−0.019%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.86	+0.023%	$491K	$91K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	902.01	−0.071%	$441K	$124K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.67	+0.002%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.44	−0.024%	$411K	$85K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.46	−0.021%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.80	−0.094%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.19	+0.060%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.182%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	902.00	−0.072%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.33	−0.036%	—	—	25x	as long as short
QFEX COST-USDshort	+0.0046%	1h	902.30	−0.039%	$1.1M	$2.4M	10x
tradeXYZ xyz:COST	+0.0050%	1h	902.19	−0.051%	$1.8M	$510K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.80	−0.094%	$48K	$921K	20x	as long as short