Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%

Price spread now: Aster against BingX0.000%7-day average +0.048% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$940.941% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now 0.000%, 7d avg +0.048%

Together, before fees+0.123%+ Points / potential airdropAster: Stage 5 · farm board+$12 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: Aster is 0.048% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.6340	0.0100	pay 0.0100% / 8h	7h 59m	—	$2.9M	—
Short	Aster ARUSDT	4.6340	0.0100	get 0.0100% / 8h	7h 59m	$20K	$606K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.048%: −$4.84
Slippage, 4 orders: −$76.12
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$98.96
Costs to cover: 0.941%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Aster: live order book, 13 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 BingX live order book, 9 min ago	4.33 bp	18.4 bp −$18	37.3 bp −$373	344.3 bp −$34.4K	726.8 bp −$363.4K
Sell Aster live order book, 13 min ago	14.08 bp	22.4 bp −$22	doesn't fit	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	−0.1943%	1h	4.6321	−0.042%	$53K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6410	+0.151%	$595K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0096%	8h	4.6270	−0.151%	$2.4M	$21.1M	20x	as long as short
Extended AR-USD	+0.0008%	1h	4.6330	−0.021%	$38K	$237K	10x	as long as short
MEXC AR_USDT	+0.0008%	8h	4.6370	+0.065%	$6.8M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0009%	8h	4.6359	+0.041%	$9.3M	$55.5M	75x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.338%	$3K	$339	5.5x	as long as short
BloFin AR-USDT	+0.0034%	8h	4.6290	−0.108%	$440K	$628K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6438	+0.211%	$4.3M	$4.9M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.6340	0.000%	$20K	$606K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.6330	−0.022%	$4.6M	$8.8M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6360	+0.043%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6330	−0.022%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6330	−0.022%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.6340	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.6239	−0.218%	$144K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6380	+0.086%	$23K	$764K	50x	as long as short