Funding arb · Price arb /

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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 0.000%

Price spread now: BingX against Aster−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on BingX

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 days—no 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: BingX is 0.031% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IOUSDT	0.1486	0.0100	pay 0.0050% / 4h	1h 34m	$23K	$47K	5x
Short	BingX IO-USDT	0.1486	0.0100	get 0.0050% / 4h	1h 34m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee AsterbpFee BingXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → 0.000%: −$3.14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BingX: live order book, 2 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	6.72 bp	21.0 bp −$21	56.7 bp −$567	436.4 bp −$43.6K	570.1 bp −$285.0K

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.

IO 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
BloFin IO-USDT	+0.0090%	4h	0.1487	+0.036%	$192K	$34K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1486	−0.018%	$987K	$269K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1486	long leg	$23K	$47K	5x
Binance IOUSDT	+0.0100%	4h	0.1486	−0.038%	$3.0M	$5.1M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1484	−0.166%	$1.1M	$681K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1486	−0.025%	$228K	$467K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1484	−0.166%	$1.2M	$225K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1486	−0.031%	$346K	$192K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1488	+0.103%	$1.4M	$1.0M	50x	as long as short
BingX IO-USDTshort	+0.0100%	4h	0.1486	−0.031%	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1485	−0.116%	$30K	$20K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1485	−0.073%	$588	$212K	5x	as long as short
Injective IO/USDC PERP	+0.0204%	1h	0.1492	+0.372%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8835%	1h	0.1485	−0.124%	$38K	$7K	10x	as long as short