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

INIT

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SwapBacktest
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 0.000%
Price spread now: OKX against Aster+0.067%7-day average · you sell dearer than you buy
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 6 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: OKX is 0.067% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster INITUSDT0.084050.0100pay 0.0050% / 4h3h 57m$28K$39K5x
ShortOKX INIT-USDT-SWAP0.084110.0100get 0.0050% / 4h3h 57m$141K$719K10x

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

Funding earned
$0
Price spread: +0.067% → 0.000%
$6.66
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$11.34
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; OKX: live order book, 59 min ago. 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 OKX live order book, 59 min ago10.24 bp54.9 bp −$55doesn't fitdoesn't fitdoesn't fit
Aster: 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
Kraken Futures PF_INITUSD−0.5322%1h0.08398−0.093%$5K$24K10xas long as short
Bybit INITUSDT−0.0099%4h0.08398−0.088%$1.5M$1.6M25xas long as short
Hyperliquid INIT+0.0100%1h0.08396−0.112%$315K$239K3xas long as short
Aster INITUSDTlong+0.0100%4h0.08405long leg$28K$39K5x
Binance INITUSDT+0.0100%4h0.084050.000%$3.5M$4.0M25xas long as short
OKX INIT-USDT-SWAPshort+0.0100%4h0.08411+0.067%$141K$719K10x
Gate INIT_USDT+0.0100%8h0.08388−0.207%$83K$57K25xas long as short
MEXC INIT_USDT+0.0100%4h0.08406+0.007%$451K$209K20xas long as short
KuCoin INITUSDTM+0.0100%4h0.08398−0.088%$329K$61K25xas long as short
Bitget INITUSDT+0.0100%4h0.08390−0.183%$432K$336K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX INIT-USDT+0.0100%4h0.08410+0.055%$6.6Mas long as short
Variational Omni INIT+0.0100%4h0.08390−0.183%$27K$23Kas long as short
BloFin INIT-USDT+0.0154%4h0.08396−0.112%$152K$114K25xas long as short