Funding arb · Price arb /

H

all H markets

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: Aster against BingX−0.158%7-day average +0.007% · 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−$307as in the Price arb table

costs, in and out, $10k−$2912.910% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.158%, 7d avg +0.007%

Together, before fees+0.113%+ 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: Aster is 0.165% cheaper against BingX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06877	0.0100	pay 0.0050% / 4h	1h 31m	—	$2.7M	—
Short	Aster HUSDT	0.06866	0.0100	get 0.0050% / 4h	1h 31m	$114K	$53K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → +0.007%: −$16.46
Slippage, 4 orders: −$272.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$307.41
Costs to cover: 2.910%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Aster: live order book, 49 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 BingX live order book, 3 min ago	4.36 bp	18.8 bp −$19	106.6 bp −$1,066	1032.6 bp −$103.3K	1311.8 bp −$655.9K
Sell Aster live order book, 49 min ago	5.69 bp	222.0 bp −$222	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	−9.117%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0092%	4h	0.06879	+0.029%	$584K	$115K	25x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06866	−0.158%	$114K	$53K	5x
Binance HUSDT	+0.0100%	4h	0.06871	−0.089%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06866	−0.160%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06885	+0.116%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06868	−0.131%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06874	−0.044%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06865	−0.174%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06869	−0.116%	$1.7M	$455K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTlong	+0.0100%	4h	0.06877	long leg	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06874	−0.048%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06888	+0.161%	$1.1M	$450K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06866	−0.154%	$11K	$107K	5x	as long as short