Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | AsterOURAUSD1 | 51.146 | +0.0050 | pay 0.0050% / 8h | 5h 19m | $101K | $73K | 20x | Long Aster≤10% back |
| SHORT | tradeXYZxyz:OURA | 51.325 | +0.0001 | get 0.0000% / 1h | 19m 18s | $226K | $1.0M | 5x | Short tradeXYZ |
Price gap+0.350%
Funding gap−0.0049% /8h
The gap pays +$34 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 23 days.
Funding you earn now−0.0049% /8hpaid last 24h −0.010% · next 11:00 UTC
Price spread now+0.350%7d average +0.009% · you sell dearer than you buy
Net 7d · $10k—Paid 7d −$119h − costs $231 · under 7 days of funding history
Net, price · $10k−$197spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$2312.307% of a $10k position
Funding, last
19 hours, all we have−0.010%−$1 on $10kPrice spread, last 18 hours of 7D (all we have)−0.255%−$26 · now +0.350%, avg +0.009%
Together, before fees−0.265%−$27+ Points / potential airdropAster: Stage 5 · tradeXYZ: points · farm boardWith fees, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
tradeXYZ price against Asternow
RANGE STATS · 7D
Now+0.350%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOURA on 12 exchanges
lowest funding first| Exchange | Funding /8h | Every | Price | vs long leg | OI | Vol 24h | Lev | KYC | Use as | |
|---|---|---|---|---|---|---|---|---|---|---|
| LighterOURA | −0.0216% · 1h | 1h | 52.395 | +2.442% | $110K | $197K | 5x | No | 52.395 · +2.442% · OI $110K · 5x · KYC No | longshort |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.430 | +0.555% | $1.1M | $566K | 10x | No | 51.430 · +0.555% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | +0.438% | $132K | $1.1M | 20x | Yes | 51.370 · +0.438% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.530 | +2.706% | $601K | $391K | 10x | Yes | 52.530 · +2.706% · OI $601K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.286 | +0.274% | $1.6M | $10.0M | 20x | Yes | 51.286 · +0.274% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.220 | +0.145% | — | $2.2M | 10x | No | 51.220 · +0.145% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | +0.849% | $11K | $393K | 10x | Limited | 51.580 · +0.849% · OI $11K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.325 | +0.350% | $226K | $1.0M | 5x | No | 51.325 · +0.350% · OI $226K · 5x · KYC No | SHORT |
| BloFinOURA-USDT | +0.0042% · 8h | 8h | 51.480 | +0.653% | $46K | $26K | 20x | Limited | 51.480 · +0.653% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | long leg | $101K | $73K | 20x | No | 51.146 · long leg · OI $101K · 20x · KYC No | LONG |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.435 | +0.565% | $811K | $3.4M | 20x | Yes | 51.435 · +0.565% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.660 | +1.005% | $15K | $3.3M | 20x | Yes | 51.660 · +1.005% · OI $15K · 20x · KYC Yes | longshort |
Before you open
3 ok · 3 to watch- Watch: Thin at this size28.0 / 91.7 bpAt $10k tradeXYZ’s book costs 91.7 bp to enter, 3.3× Aster’s.
- Note: Margin at max leverage$500 + $2,000Aster 20x, tradeXYZ 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.49Long Aster: 3 payments, −$1.50; short tradeXYZ: 24 payments, +$0.02.
- OK: Entry gap works for you+0.350% vs +0.009%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$101K vs $226K OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5 · tradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legAster No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0043%/8h × 21 periods−$8.99
Price spread+0.350% → +0.009% (7d avg)+$34.11
Slippage, 4 orderslive order books−$204.71
Fee Aster bp × 2 orders−$8.00
Fee tradeXYZ bp × 2 orders−$18.00
Net · 7 days · $10k−$205.59
Costs to cover2.307%Break-evennever at this rate
Slippage: Aster: live order book, 13 min ago; tradeXYZ: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster20.4728.0 bp−$28doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ58.6591.7 bp−$92doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.