Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.074%

Price spread now: Aster against Coinbase International−0.047%7-day average −0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$690.695% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 4 days (all we have)−0.924%−$92 · spread now −0.047%, 7d avg −0.156%

Together, before fees−1.190%+ Points / potential airdropAster: Stage 5 · farm board−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.109% dearer against Coinbase International than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.156%): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.266% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ARB-PERP-INTX	0.2171	0.0424	pay 0.0053% / 1h	29m 05s	$517K	$1.4M	50x
Short	Aster ARBUSDT	0.2170	0.0100	get 0.0100% / 8h	5h 29m	$620K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$68.04
Price spread: −0.047% → −0.156%: $10.88
Slippage, 4 orders: −$51.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$126.62
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Aster: live order book, 2 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 Coinbase International live order book, 3 min ago	6.91 bp	23.1 bp −$23	69.5 bp −$695	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.69 bp	12.5 bp −$12	24.8 bp −$248	doesn't fit	doesn't fit

ARB on 36 exchanges

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
Injective ARB/USDC PERP	−0.1736%	1h	0.2160	−0.507%	$39K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0236%	8h	0.2167	−0.180%	$53.5M	$120.8M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0232%	1h	0.2168	−0.139%	$1.1M	$3.9M	50x	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2168	−0.152%	$7K	$414	10x	as long as short
OKX ARB-USDT-SWAP	−0.0155%	8h	0.2167	−0.184%	$22.6M	$139.5M	50x	as long as short
MEXC ARB_USDT	−0.0154%	8h	0.2167	−0.203%	$44.4M	$61.6M	200x	as long as short
SoDEX ARB-USD	−0.0150%	1h	0.2168	−0.152%	$9K	$2.2M	5x	as long as short
Polymarket Perps ARB-USD	−0.0145%	1h	0.2167	−0.175%	$70K	$1.9M	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0073%	1h	0.2169	−0.101%	$29K	$36K	25x	as long as short
Variational Omni ARB	−0.0061%	8h	0.2167	−0.178%	$1.8M	$2.6M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0050%	8h	0.2168	−0.146%	$63.8M	$286.0M	75x	as long as short
Extended ARB-USD	−0.0048%	1h	0.2167	−0.202%	$360K	$3.0M	25x	as long as short
Orderly PERP_ARB_USDC	−0.0015%	8h	0.2168	−0.138%	$16K	$401K	10x	as long as short
Gate ARB_USDT	−0.0003%	8h	0.2167	−0.175%	$5.5M	$16.5M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2169	−0.071%	$63K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2170	−0.027%	$72K	—	150x	as long as short
Phemex ARBUSDT	+0.0062%	8h	0.2168	−0.138%	$4.6M	$12.5M	50x	as long as short
BloFin ARB-USDT	+0.0070%	8h	0.2167	−0.184%	$3.0M	$2.0M	75x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2169	−0.102%	$138K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2169	−0.092%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2169	−0.097%	$35.4M	$49.2M	10x	as long as short
Aster ARBUSDTshort	+0.0100%	8h	0.2170	−0.047%	$620K	$1.6M	20x
Pacifica ARB	+0.0100%	1h	0.2169	−0.108%	$54K	$155K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2168	−0.115%	$18.8M	$13.2M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2168	−0.138%	$20.8M	$33.1M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2167	−0.207%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2168	−0.140%	$39K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2168	−0.129%	$461K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2168	−0.138%	$117K	$309K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2170	−0.046%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2169	−0.088%	$293K	$794K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0153%	1h	0.2170	−0.041%	$967K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2170	−0.034%	$542K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0283% / S −0.0167%	1h	0.2169	−0.088%	$841K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2167	−0.166%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0424%	1h	0.2171	long leg	$517K	$1.4M	50x