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: KuCoin against Aster−0.065%7-day average −0.034% · 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−$251as in the Price arb table

costs, in and out, $10k−$2482.478% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.065%, 7d avg −0.034%

Together, before fees+0.098%+ Points / potential airdropAster: Stage 5 · farm board+$10 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: KuCoin is 0.031% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.6420	0.0100	pay 0.0100% / 8h	7h 27m	$20K	$510K	10x
Short	KuCoin ARUSDTM	4.6390	0.0100	get 0.0100% / 8h	7h 27m	$1.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.034%: −$3.05
Slippage, 4 orders: −$227.83
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.88
Costs to cover: 2.478%
Break-even: never at this rate

Slippage from Aster: live order book, 45 min ago; KuCoin: live order book, 3 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, 45 min ago	14.08 bp	34.0 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	7.51 bp	92.9 bp −$93	464.3 bp −$4,643	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	−0.2378%	1h	4.6437	+0.036%	$53K	$147K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6373	−0.102%	$596K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0139%	8h	4.6330	−0.194%	$2.4M	$20.2M	20x	as long as short
MEXC AR_USDT	+0.0004%	8h	4.6370	−0.108%	$6.7M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0005%	8h	4.6390	−0.065%	$9.3M	$53.6M	75x	as long as short
Extended AR-USD	+0.0008%	1h	4.6359	−0.131%	$38K	$317K	10x	as long as short
BloFin AR-USDT	+0.0019%	8h	4.6450	+0.065%	$437K	$584K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.508%	$3K	$239	5.5x	as long as short
ApeX Omni ARUSDT	+0.0093%	1h	4.6410	−0.022%	$23K	$740K	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6460	+0.086%	$4.3M	$4.8M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDTlong	+0.0100%	8h	4.6420	long leg	$20K	$510K	10x
Bybit ARUSDT	+0.0100%	8h	4.6347	−0.157%	$4.7M	$8.6M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6350	−0.151%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.6390	−0.065%	$1.5M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.6390	−0.065%	$4.0M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6380	−0.086%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6608	+0.405%	$145K	$170K	—	as long as short