Settings8H · net · $10k
Funding arb · Price arb /

INIT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%
Price spread now: Gate against Aster−0.023%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.023% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster INITUSDT0.081180.0100pay 0.0050% / 4h37m 27s$27K$36K5x
ShortGate INIT_USDT0.081160.0100get 0.0100% / 8h4h 37m$82K$56K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.023% → 0.000%
−$2.35
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$25.35
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Gate no order-book sample
Aster and Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

INIT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin INIT-USDT+0.0049%4h0.08137+0.235%$159K$108K25xas long as short
Hyperliquid INIT+0.0100%1h0.08117−0.014%$293K$239K3xas long as short
Aster INITUSDTlong+0.0100%4h0.08118long leg$27K$36K5x
Binance INITUSDT+0.0100%4h0.08123+0.067%$3.4M$3.6M25xas long as short
Bybit INITUSDT+0.0100%4h0.08105−0.159%$1.4M$1.4M25xas long as short
OKX INIT-USDT-SWAP+0.0100%4h0.08124+0.075%$132K$633K10xas long as short
Gate INIT_USDTshort+0.0100%8h0.08116−0.023%$82K$56K25x
MEXC INIT_USDT+0.0100%4h0.08123+0.063%$441K$215K20xas long as short
KuCoin INITUSDTM+0.0100%4h0.08118+0.001%$323K$56K25xas long as short
Bitget INITUSDT+0.0100%4h0.08119+0.014%$424K$312K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX INIT-USDT+0.0100%4h0.08116−0.023%$6.6Mas long as short
Variational Omni INIT+0.0100%4h0.08123+0.059%$26K$23Kas long as short
Kraken Futures PF_INITUSD+0.0398%1h0.08127+0.109%$6K$18K10xas long as short