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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0134%/8h= −14.7% APRnext payment $0.67 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against Aster−0.019%7-day average +0.090% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1401.397% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.101%+$10 on $10k
Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.019%, 7d avg +0.090%
Together, before fees−0.046%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.109% cheaper against Aster than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.090%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.101%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.022390.0368pay 0.0184% / 4h2h 28m$255K$92K5x
ShortBinance 4USDT0.022390.0234get 0.0117% / 4h2h 28m$8.7M$10.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$28.23
Price spread: −0.019% → +0.090%
−$10.89
Slippage, 4 orders
−$121.67
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$178.8
Costs to cover
1.397%
Break-even
never at this rate
Slippage from Aster: live order book, 58 min ago; Binance: live order book, 12 min ago.

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, 58 min ago7.04 bp37.0 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 12 min ago0.67 bp28.5 bp −$29135.6 bp −$1,356doesn't fitdoesn't fit

4 on 9 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
Bybit 4USDT+0.0100%4h0.02238−0.063%$3.0M$1.6M5xas long as short
Variational Omni 4+0.0100%4h0.02235−0.188%$54K$9Kas long as short
SunX 4-USDT+0.0100%4h0.02237−0.094%$2K$959K20xas long as short
BingX 4-USDT+0.0232%4h0.02241+0.098%$1.3Mas long as short
Binance 4USDTshort+0.0234%4h0.02239−0.019%$8.7M$10.3M20x
MEXC 4_USDT+0.0238%4h0.02238−0.050%$2.1M$805K100xas long as short
Gate 4_USDT+0.0240%4h0.02231−0.371%$609K$230K20xas long as short
Aster 4USDTlong+0.0368%4h0.02239long leg$255K$92K5x
KuCoin 4USDTM+0.0442%4h0.02236−0.139%$932K$13.2M20xas long as short