Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0233%/8hnext payment +$1.16 per $10,000 · paid last 24h +0.065%

Price spread now: Aster against Bitget+0.050%7-day average +0.077% · you sell dearer than you buy

to open and close $10k−$283fees + slippage, both legs, in and out

costs, in % of the position2.833%what the two incomes have to cover

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.143%+$14 on $10k

Price spread, last 3 days (all we have)+0.132%+$13 · spread now +0.050%, 7d avg +0.077%

Together, before fees+0.275%+ Points / potential airdropAster: Stage 5 · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.027% cheaper against Bitget than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.077%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 5 days (+0.143% in total) that is about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.6000	0.0100	pay 0.0050% / 4h	45m 43s	$4.8M	$946K	20x
Short	Aster EDGEUSDT	0.6003	0.0333	get 0.0166% / 4h	45m 43s	$69K	$131K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $48.9
Price spread: +0.050% → +0.077%: −$2.68
Slippage, 4 orders: −$263.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$237.12
Costs to cover: 2.833%
Break-even: 40.9 days

Slippage from Bitget: live order book, 7 min ago; Aster: live order book, 5 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 Bitget live order book, 7 min ago	5.85 bp	39.3 bp −$39	349.1 bp −$3,491	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	4.99 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit

EDGE 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
Backpack EDGE_USDC_PERP	−0.1371%	1h	0.5996	−0.062%	$57K	$113K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5985	−0.248%	$56K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5979	−0.350%	$7.0M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6004	+0.067%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.6000	long leg	$4.8M	$946K	20x
Variational Omni EDGE	+0.0100%	4h	0.6000	+0.007%	$180K	$111K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6011	+0.183%	$2K	$1.4M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6009	+0.150%	$1K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6283	+4.717%	$4K	$579K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0182%	4h	0.6006	+0.100%	$3.7M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0215%	4h	0.6001	+0.020%	$14.3M	$3.5M	30x	as long as short
BloFin EDGE-USDT	+0.0236%	4h	0.6010	+0.167%	$659K	$128K	50x	as long as short
Binance EDGEUSDT	+0.0289%	4h	0.6000	0.000%	$10.2M	$9.7M	50x	as long as short
MEXC EDGE_USDT	+0.0292%	4h	0.6003	+0.050%	$1.2M	$916K	50x	as long as short
Extended EDGE-USD	+0.0296%	1h	0.6001	+0.019%	$27K	$230K	5x	as long as short
Aster EDGEUSDTshort	+0.0333%	4h	0.6003	+0.050%	$69K	$131K	5x
Orderly PERP_EDGE_USDC	+0.0508%	4h	0.6003	+0.050%	$3K	—	10x	as long as short