Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.039%

Price spread now: Aster against Coinbase International−0.085%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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. Aster is 0.085% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALGO-PERP-INTX	0.1131	0.0032	pay 0.0004% / 1h	10m 18s	$70K	$275K	50x
Short	Aster ALGOUSDT	0.1130	0.0100	get 0.0100% / 8h	5h 10m	$45K	$40K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.085%Rate

Funding earned: $14.28
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.21
Costs to cover: 0.180%
Break-even: 13.0 days

Slippage unknown: Coinbase International: live order book, 53 min ago; Aster: no order-book sample. 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 Coinbase International live order book, 53 min ago	5.83 bp	14.4 bp −$14	21.6 bp −$216	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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.

ALGO on 22 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
Deribit ALGO_USDC-PERPETUAL	−0.0104%	1h	0.1130	−0.141%	$90K	$45K	25x	as long as short
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1130	−0.124%	$17K	—	150x	as long as short
Coinbase International ALGO-PERP-INTXlong	+0.0032%	1h	0.1131	long leg	$70K	$275K	50x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	−1.008%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1132	+0.009%	$3.8M	$2.0M	5x	as long as short
Aster ALGOUSDTshort	+0.0100%	8h	0.1130	−0.085%	$45K	$40K	5x
Binance ALGOUSDT	+0.0100%	8h	0.1130	−0.156%	$9.9M	$34.7M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1129	−0.168%	$11.8M	$12.5M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1130	−0.141%	$2.9M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1128	−0.274%	$874K	$902K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1130	−0.124%	$23.1M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1131	−0.044%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1130	−0.124%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1129	−0.212%	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1128	−0.324%	$62K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1130	−0.124%	$60K	$141K	75x	as long as short
Phemex ALGOUSDT	+0.0103%	8h	0.1132	+0.053%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1129	−0.181%	$4K	$227K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1129	−0.230%	$493K	$924K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0344% / S −0.0313%	1h	0.1130	−0.141%	$7K	—	100x	as long as short
Kraken Futures PF_ALGOUSD	+0.0350%	1h	0.1130	−0.136%	$836K	$1.0M	50x	as long as short
dYdX ALGO-USD	+0.1971%	1h	0.1131	−0.063%	$163K	$4K	5x	as long as short