Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.041%

Price spread now: GMX against Aster+0.003%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 51 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	Aster CCUSDT	0.1194	0.0100	pay 0.0050% / 4h	3h 51m	$35K	$27K	20x
Short	GMX CC/USD [WBTC.b-USDC]	0.1194	L +0.0453% / S −0.0241%	get 0.0030% / 1h	51m 34s	$45K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $29.7
Price spread: +0.003% → 0.000%: $0.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.03
Costs to cover: 0.200%
Break-even: 4.6 days

Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CC on 19 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
MEXC CC_USDT	−0.0104%	4h	0.1194	−0.038%	$1.8M	$350K	100x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	−1.177%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	+0.0080%	4h	0.1194	+0.013%	$11.0M	$3.7M	25x	as long as short
Paradex CC-USD-PERP	+0.0099%	8h	0.1193	−0.051%	$1K	—	5x	as long as short
Aster CCUSDTlong	+0.0100%	4h	0.1194	long leg	$35K	$27K	20x
Binance CCUSDT	+0.0100%	4h	0.1194	−0.029%	$11.3M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1195	+0.080%	$2.6M	$3.0M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1194	−0.004%	$366K	$168K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1194	−0.021%	$493K	$100K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1195	+0.054%	$928K	$747K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1194	−0.013%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1193	−0.088%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1196	+0.176%	$610K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1194	+0.021%	$80K	$3.1M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1195	+0.053%	$6K	$33K	6.7x	as long as short
Hyperliquid CC	+0.0279%	1h	0.1197	+0.255%	$5.6M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1192	−0.147%	$606K	$103K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0453% / S −0.0241%	1h	0.1194	+0.003%	$45K	—	50x
Lighter CC	+0.0768%	1h	0.1198	+0.364%	$255K	$169K	5x	as long as short