Funding arb · Price arb /

H

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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 −0.002%

Price spread now: KuCoin against Aster−0.091%7-day average +0.006% · 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−$1,010as in the Price arb table

costs, in and out, $10k−$1,00110.007% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.091%, 7d avg +0.006%

Together, before fees+0.114%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: KuCoin is 0.097% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.06937	0.0100	pay 0.0050% / 4h	1h 54m	$113K	$57K	5x
Short	KuCoin HUSDTM	0.06931	0.0100	get 0.0050% / 4h	1h 54m	$1.6M	$10.1M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → +0.006%: −$9.75
Slippage, 4 orders: −$980.66
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,010.4
Costs to cover: 10.007%
Break-even: never at this rate

Slippage from Aster: live order book, 51 min ago; KuCoin: live order book, 4 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 Aster live order book, 51 min ago	5.87 bp	96.7 bp −$97	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.60 bp	304.5 bp −$304	doesn't fit	doesn't fit	doesn't fit

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−9.908%	$1K	$1	5.5x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.06937	long leg	$113K	$57K	5x
Binance HUSDT	+0.0100%	4h	0.06934	−0.048%	$14.8M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06920	−0.244%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06948	+0.154%	$1.8M	$6.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06925	−0.178%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06927	−0.149%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06931	−0.091%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06932	−0.077%	$1.7M	$452K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06933	−0.063%	—	$2.8M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06931	−0.087%	$9K	$7K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06926	−0.164%	$1.1M	$451K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06931	−0.088%	$14K	$95K	5x	as long as short
BloFin H-USDT	+0.0106%	4h	0.06953	+0.226%	$595K	$114K	25x	as long as short