Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Bitget against Aster−0.118%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1221.218% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.118%, 7d avg −0.083%

Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.035% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.1769	0.0100	pay 0.0100% / 8h	2h 22m	$41K	$464K	10x
Short	Bitget ARUSDT	4.1720	0.0100	get 0.0100% / 8h	2h 22m	$3.7M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee AsterbpFee BitgetbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.083%: −$3.52
Slippage, 4 orders: −$101.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$125.31
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from Aster: live order book, 25 min ago; Bitget: live order book, 1 min ago.

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 Aster live order book, 25 min ago	12.65 bp	36.9 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.40 bp	21.5 bp −$22	96.0 bp −$960	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.0925%	1h	4.1662	−0.256%	$51K	$179K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.1756	−0.032%	$536K	—	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.1801	+0.075%	$3.4M	$4.9M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.1769	long leg	$41K	$464K	10x
Binance ARUSDT	+0.0100%	8h	4.1770	0.000%	$8.3M	$52.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.1760	−0.023%	$4.2M	$9.2M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.1710	−0.142%	$2.2M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.1690	−0.190%	$2.3M	$2.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.1780	+0.025%	$5.7M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.1710	−0.142%	$1.0M	$1.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDTshort	+0.0100%	8h	4.1720	−0.118%	$3.7M	$5.5M	75x
BingX AR-USDT	+0.0100%	8h	4.1760	−0.023%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.1743	−0.063%	$234K	$626K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.1810	+0.097%	$20K	$717K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.1745	−0.058%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.1710	−0.142%	$406K	$453K	20x	as long as short
Injective AR/USDC PERP	+0.0666%	1h	4.4240	+5.915%	$2K	$5K	5.5x	as long as short