Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.086%7-day average +0.072% · 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−$422as in the Price arb table

costs, in and out, $10k−$4074.065% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.086%, 7d avg +0.072%

Together, before fees+0.132%+ Points / potential airdropAster: 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: MEXC is 0.158% cheaper against Aster than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.07074	0.0100	pay 0.0050% / 4h	3h 29m	$117K	$55K	5x
Short	MEXC H_USDT	0.07068	0.0100	get 0.0050% / 4h	3h 29m	$6.4M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → +0.072%: −$15.85
Slippage, 4 orders: −$394.51
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$422.36
Costs to cover: 4.065%
Break-even: never at this rate

Slippage from Aster: live order book, 41 min ago; MEXC: 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 Aster live order book, 41 min ago	6.40 bp	54.9 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.71 bp	12.8 bp −$13	65.7 bp −$657	131.2 bp −$13.1K	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	−11.649%	$1K	$1	5.5x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.07074	long leg	$117K	$55K	5x
Binance HUSDT	+0.0100%	4h	0.07066	−0.111%	$15.2M	$10.7M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07055	−0.267%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07062	−0.171%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07055	−0.270%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDTshort	+0.0100%	4h	0.07068	−0.086%	$6.4M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.07057	−0.242%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07046	−0.397%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07068	−0.086%	—	$2.7M	—	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	0.07066	−0.109%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07038	−0.510%	$1.2M	$449K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07066	−0.120%	$9K	$102K	5x	as long as short
BloFin H-USDT	+0.0141%	4h	0.07079	+0.069%	$600K	$118K	25x	as long as short