Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Aster+0.120%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3543.544% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.120%, 7d avg +0.056%

Together, before fees−0.279%+ Points / potential airdropAster: Stage 5 · farm board−$28 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: OKX is 0.064% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.07001	0.0100	pay 0.0050% / 4h	22m 22s	$116K	$53K	5x
Short	OKX H-USDT-SWAP	0.07009	0.0100	get 0.0050% / 4h	22m 22s	$1.8M	$5.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → +0.056%: $6.37
Slippage, 4 orders: −$336.4
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$348.04
Costs to cover: 3.544%
Break-even: never at this rate

Slippage from Aster: live order book, 53 min ago; OKX: 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 Aster live order book, 53 min ago	4.34 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.58 bp	21.7 bp −$22	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	−10.722%	$1K	$1	5.5x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.07001	long leg	$116K	$53K	5x
Binance HUSDT	+0.0100%	4h	0.07020	+0.276%	$15.1M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07006	+0.070%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.07009	+0.120%	$1.8M	$5.9M	10x
Gate H_USDT	+0.0100%	4h	0.07003	+0.034%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06998	−0.038%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07001	+0.005%	$1.7M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06987	−0.195%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07014	+0.191%	—	$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	0.06978	−0.320%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06988	−0.185%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06997	−0.057%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0136%	4h	0.06978	−0.323%	$593K	$117K	25x	as long as short