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: Aster against KuCoin+0.058%7-day average −0.005% · 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−$1,023as in the Price arb table

costs, in and out, $10k−$1,03010.296% of the position

Long on KuCoin Short on Aster

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)−0.027%−$3 · spread now +0.058%, 7d avg −0.005%

Together, before fees−0.074%+ Points / potential airdropAster: Stage 5 · farm board−$7 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 0.063% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.06940	0.0100	pay 0.0050% / 4h	1h 44m	$1.6M	$10.1M	8x
Short	Aster HUSDT	0.06944	0.0100	get 0.0050% / 4h	1h 44m	$113K	$57K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.005%: $6.28
Slippage, 4 orders: −$1,009.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,023.29
Costs to cover: 10.296%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 61 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 KuCoin live order book, 3 min ago	4.33 bp	384.8 bp −$385	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	5.87 bp	177.6 bp −$178	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	−9.942%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0041%	4h	0.06934	−0.086%	$599K	$113K	25x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06944	+0.058%	$113K	$57K	5x
Binance HUSDT	+0.0100%	4h	0.06946	+0.080%	$14.8M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06937	−0.043%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06948	+0.115%	$1.8M	$6.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06938	−0.029%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06946	+0.086%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.06940	long leg	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06942	+0.029%	$1.7M	$450K	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-USDT	+0.0100%	4h	0.06943	+0.043%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06935	−0.068%	$9K	$7K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06934	−0.079%	$1.2M	$465K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06944	+0.063%	$14K	$95K	5x	as long as short