Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0651%/8h= +71.3% APRpaid last 24h +0.130%

Price spread now: Aster against Deribit−0.079%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.079% cheaper against Deribit than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALGO_USDC-PERPETUAL	0.1123	−0.0551	get 0.0069% / 1h	23m 06s	$102K	$50K	25x
Short	Aster ALGOUSDT	0.1122	0.0100	get 0.0100% / 8h	23m 06s	$44K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.079%Rate

Funding earned: $136.71
Price spread: −0.079% → 0.000%: −$7.87
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $113.84
Costs to cover: 0.150%
Break-even: 1.2 days

Slippage unknown: Deribit: live order book, 55 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 Deribit live order book, 55 min ago	4.91 bp	15.5 bp −$16	23.2 bp −$232	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-PERPETUALlong	−0.0551%	1h	0.1123	long leg	$102K	$50K	25x
Kraken Futures PF_ALGOUSD	−0.0158%	1h	0.1124	+0.028%	$836K	$1.1M	50x	as long as short
Bybit ALGOUSDT	−0.0133%	8h	0.1122	−0.080%	$11.2M	$12.0M	75x	as long as short
Coinbase International ALGO-PERP-INTX	−0.0112%	1h	0.1130	+0.605%	$62K	$303K	50x	as long as short
Variational Omni ALGO	−0.0109%	8h	0.1123	−0.060%	$62K	$13K	—	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1124	+0.053%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0026%	1h	0.1120	−0.285%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1125	+0.165%	$3.8M	$1.9M	5x	as long as short
Aster ALGOUSDTshort	+0.0100%	8h	0.1122	−0.079%	$44K	$35K	5x
Binance ALGOUSDT	+0.0100%	8h	0.1123	−0.009%	$10.0M	$34.3M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1123	0.000%	$3.0M	$7.6M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1122	−0.071%	$886K	$835K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1123	−0.009%	$23.0M	$2.9M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1123	−0.018%	$3.6M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1124	+0.071%	$5.7M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1123	−0.018%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1121	−0.151%	$66K	$107K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1125	+0.160%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1123	−0.029%	$7K	$210K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1123	−0.062%	$494K	$789K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0324% / S −0.0318%	1h	0.1124	+0.035%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1321%	1h	0.1124	+0.055%	$161K	$3K	5x	as long as short