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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0356%/8h= +39.0% APRnext payment +$1.78 per $10,000 · paid last 24h +0.029%
Price spread now: KuCoin against Aster−0.234%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3523.520% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.438%+$44 on $10k
Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.234%, 7d avg −0.025%
Together, before fees+0.648%+ Points / potential airdropAster: Stage 5 · farm board+$65 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.209% cheaper against Aster than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of −0.025%). If the spread goes back, that is −$21 on $10k: about 47 hours of funding at the current rate (+$11 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.019930.0196pay 0.0098% / 4h2h 30m$236K$112K5x
ShortKuCoin 4USDTM0.019880.0552get 0.0276% / 4h2h 30m$875K$12.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$74.84
Price spread: −0.234% → −0.025%
−$20.89
Slippage, 4 orders
−$331.97
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$298.02
Costs to cover
3.520%
Break-even
34.9 days
Slippage from Aster: live order book, 16 min ago; KuCoin: live order book, 3 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, 16 min ago5.74 bp31.0 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago5.03 bp36.3 bp −$36doesn't fitdoesn'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%4h0.01991−0.059%$2.6M$2.0M5xas long as short
Variational Omni 4+0.0100%4h0.01991−0.077%$45K$8Kas long as short
SunX 4-USDT+0.0100%4h0.01993+0.017%$2K$1.4M20xas long as short
Aster 4USDTlong+0.0196%4h0.01993long leg$236K$112K5x
Gate 4_USDT+0.0258%4h0.01994+0.082%$529K$300K20xas long as short
MEXC 4_USDT+0.0270%4h0.01996+0.167%$1.6M$910K100xas long as short
Binance 4USDT+0.0274%4h0.01997+0.205%$7.8M$13.4M20xas long as short
BingX 4-USDT+0.0276%4h0.01995+0.127%$1.4Mas long as short
KuCoin 4USDTMshort+0.0552%4h0.01988−0.234%$875K$12.5M20x