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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.60 per $10,000 · paid last 24h −0.026%
Price spread now: Aster against KuCoin+0.085%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$449as in the Price arb table
costs, in and out, $10k−$4544.545% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.436%−$44 on $10k
Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.085%, 7d avg +0.027%
Together, before fees−0.322%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.059% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 6 days funding on this pair cost −0.436%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 4USDTM0.019990.0140pay 0.0070% / 4h3h 30m$886K$12.2M20x
ShortAster 4USDT0.020010.0259get 0.0130% / 4h3h 30m$236K$117K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$25.02
Price spread: +0.085% → +0.027%
$5.87
Slippage, 4 orders
−$434.45
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$423.56
Costs to cover
4.545%
Break-even
125.5 days
Slippage from KuCoin: live order book, 9 min ago; Aster: live order book, 2 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 KuCoin live order book, 9 min ago2.45 bp330.0 bp −$330doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 2 min ago7.71 bp52.5 bp −$53doesn'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%4h0.01998−0.035%$2.6M$2.1M5xas long as short
Gate 4_USDT+0.0100%4h0.02002+0.140%$548K$332K20xas long as short
Variational Omni 4+0.0100%4h0.02007+0.414%$48K$12Kas long as short
SunX 4-USDT+0.0100%4h0.02001+0.100%$2K$1.5M20xas long as short
KuCoin 4USDTMlong+0.0140%4h0.01999long leg$886K$12.2M20x
Aster 4USDTshort+0.0259%4h0.02001+0.085%$236K$117K5x
Binance 4USDT+0.0356%4h0.02002+0.140%$7.9M$14.4M20xas long as short
MEXC 4_USDT+0.0358%4h0.02000+0.050%$1.8M$971K100xas long as short
BingX 4-USDT+0.0396%4h0.02007+0.410%$1.4Mas long as short