Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0650%/8h= −71.2% APRpaid last 24h −0.162%

Price spread now: GMX against Aster−0.002%7-day average +0.018% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.650%−$65 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.002%, 7d avg +0.018%

Together, before fees−0.393%+ Points / potential airdropAster: Stage 5 · farm board−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.2675	0.0100	pay 0.0100% / 8h	38m 44s	$32K	$403K	10x
Short	GMX AR/USD [WBTC.b-USDC]	4.2674	L −0.0140% / S +0.0550%	pay 0.0069% / 1h	38m 44s	$548K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$136.53
Price spread: −0.002% → +0.018%: −$2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$158.53
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 64 min ago; GMX: 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 Aster live order book, 64 min ago	14.16 bp	36.0 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

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	−0.1522%	1h	4.2634	−0.096%	$53K	$141K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]short	L −0.0140% / S +0.0550%	1h	4.2674	−0.002%	$548K	—	50x
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.667%	$2K	$5K	5.5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.2675	long leg	$32K	$403K	10x
Binance ARUSDT	+0.0100%	8h	4.2664	−0.027%	$8.5M	$48.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2643	−0.076%	$4.4M	$8.8M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2620	−0.130%	$2.2M	$15.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2600	−0.176%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2670	−0.012%	$5.9M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2680	+0.011%	$1.1M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2610	−0.153%	$3.7M	$5.1M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2630	−0.106%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2717	+0.097%	$245K	$515K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2780	+0.245%	$21K	$711K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2652	−0.054%	$36K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2630	−0.106%	$414K	$443K	20x	as long as short
Hyperliquid AR	+0.0395%	1h	4.2758	+0.194%	$3.9M	$4.7M	5x	as long as short