Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica−0.044%48s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.537% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.044%, 7d avg +0.009%

Together, before fees+0.132%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board+$13 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 0.054% cheaper against Pacifica than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ARB	0.2221	0.0100	pay 0.0013% / 1h	14m 56s	$44K	$147K	10x
Short	Aster ARBUSDT	0.2220	0.0100	get 0.0100% / 8h	7h 14m	$636K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.009%: −$5.36
Slippage, 4 orders: −$37.69
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$59.05
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from Pacifica: live order book, 18 min ago; Aster: 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 Pacifica live order book, 18 min ago	7.09 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.37 bp	10.4 bp −$10	23.4 bp −$234	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1605%	1h	0.2213	−0.363%	$40K	$372K	12x	as long as short
Phemex ARBUSDT	−0.0261%	8h	0.2219	−0.093%	$4.9M	$12.7M	50x	as long as short
SoDEX ARB-USD	−0.0178%	1h	0.2216	−0.228%	$9K	$2.2M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0166%	1h	0.2218	−0.157%	$1.1M	$4.3M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0105%	8h	0.2217	−0.183%	$22.5M	$147.5M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2218	−0.143%	$44.5M	$63.8M	200x	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2219	−0.093%	$7K	$458	10x	as long as short
Gate ARB_USDT	−0.0054%	8h	0.2219	−0.080%	$5.5M	$18.4M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2217	−0.183%	$16K	$413K	10x	as long as short
Bybit ARBUSDT	−0.0021%	8h	0.2220	−0.066%	$54.3M	$125.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2220	−0.064%	$65K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2217	−0.188%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2218	−0.138%	$74K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2217	−0.186%	$366K	$3.0M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2219	−0.102%	$64.1M	$299.0M	75x	as long as short
Variational Omni ARB	+0.0026%	8h	0.2217	−0.168%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0040%	8h	0.2220	−0.044%	$3.0M	$2.4M	75x	as long as short
Bitget ARBUSDT	+0.0054%	8h	0.2218	−0.138%	$21.3M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0058%	8h	0.2218	−0.143%	—	$32.7M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2218	−0.161%	$141K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2218	−0.152%	$1.3M	$5.6M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2221	+0.019%	$36.1M	$51.9M	10x	as long as short
Aster ARBUSDTshort	+0.0100%	8h	0.2220	−0.044%	$636K	$1.7M	20x
Pacifica ARBlong	+0.0100%	1h	0.2221	long leg	$44K	$147K	10x
KuCoin ARBUSDTM	+0.0100%	8h	0.2219	−0.089%	$19.3M	$13.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2221	+0.010%	$40K	$468K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	−0.272%	$477K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2223	+0.087%	$120K	$290K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2220	−0.066%	$74K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2221	−0.003%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2219	−0.098%	$298K	$832K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2220	−0.054%	$540K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0271%	1h	0.2219	−0.080%	$991K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2217	−0.190%	$838K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2217	−0.180%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2226	+0.217%	$540K	$1.6M	50x	as long as short