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: Aster against OKX−0.181%7-day average −0.056% · 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−$434as in the Price arb table

costs, in and out, $10k−$4224.215% of the position

Long on OKX Short on Aster

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)+0.271%+$27 · spread now −0.181%, 7d avg −0.056%

Together, before fees+0.348%+ Points / potential airdropAster: Stage 5 · farm board+$35 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 0.125% cheaper against OKX than usual: you would sell low and buy high, −$13 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	OKX H-USDT-SWAP	0.06867	0.0100	pay 0.0050% / 4h	2h 46m	$1.7M	$6.0M	10x
Short	Aster HUSDT	0.06855	0.0100	get 0.0050% / 4h	2h 46m	$113K	$54K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → −0.056%: −$12.52
Slippage, 4 orders: −$403.54
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$434.07
Costs to cover: 4.215%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Aster: live order book, 20 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 OKX live order book, 2 min ago	0.73 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 20 min ago	4.36 bp	300.2 bp −$300	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	−8.985%	$1K	$1	5.5x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06855	−0.181%	$113K	$54K	5x
Binance HUSDT	+0.0100%	4h	0.06860	−0.102%	$14.7M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06849	−0.264%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06867	long leg	$1.7M	$6.0M	10x
Gate H_USDT	+0.0100%	4h	0.06850	−0.248%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06861	−0.087%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06855	−0.175%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06835	−0.466%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06858	−0.131%	—	$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	0.06850	−0.248%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06880	+0.188%	$1.1M	$428K	10x	as long as short
BloFin H-USDT	+0.0103%	4h	0.06888	+0.306%	$590K	$115K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.06858	−0.137%	$11K	$103K	5x	as long as short