Funding arb · Price arb /

AR

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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: Aster against KuCoin−0.040%7-day average +0.033% · 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−$301as in the Price arb table

costs, in and out, $10k−$2942.937% of the position

Long on KuCoin Short on Aster

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)−0.104%−$10 · spread now −0.040%, 7d avg +0.033%

Together, before fees−0.154%+ Points / potential airdropAster: Stage 5 · farm board−$15 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 0.074% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.4730	0.0100	pay 0.0100% / 8h	4h 17m	$1.1M	$1.2M	50x
Short	Aster ARUSDT	4.4712	0.0100	get 0.0100% / 8h	4h 17m	$26K	$478K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.033%: −$7.37
Slippage, 4 orders: −$273.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$301.1
Costs to cover: 2.937%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 40 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 KuCoin live order book, 3 min ago	5.60 bp	97.9 bp −$98	748.5 bp −$7,485	doesn't fit	doesn't fit
Sell Aster live order book, 40 min ago	12.19 bp	60.7 bp −$61	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4704	−0.058%	$575K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0042%	8h	4.4720	−0.022%	$2.3M	$17.8M	20x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.4712	−0.040%	$26K	$478K	10x
Binance ARUSDT	+0.0100%	8h	4.4750	+0.045%	$8.8M	$49.8M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4763	+0.074%	$4.6M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4710	−0.045%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4720	−0.022%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTMlong	+0.0100%	8h	4.4730	long leg	$1.1M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.4710	−0.045%	$3.9M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4720	−0.022%	—	$2.8M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AR	+0.0100%	8h	4.4692	−0.086%	$236K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4710	−0.045%	$19K	$720K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4728	−0.005%	$36K	$236K	10x	as long as short
Hyperliquid AR	+0.0143%	1h	4.4757	+0.060%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4660	−0.156%	$423K	$468K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0695%	1h	4.4657	−0.164%	$60K	$159K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.4770	+0.089%	$2K	$5K	5.5x	as long as short