Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Aster−0.124%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 KuCoin

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: KuCoin is 0.124% cheaper against Aster than usual: you would sell low and buy high, −$12 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 07m	$23K	$42K	5x
Short	KuCoin IOUSDTM	0.1484	0.0100	get 0.0050% / 4h	1h 07m	$336K	$189K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → 0.000%: −$12.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 27 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 KuCoin live order book, 27 min ago	6.80 bp	78.4 bp −$78	533.7 bp −$5,337	doesn't fit	doesn'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.

IO on 14 exchanges

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	+0.0081%	4h	0.1485	−0.057%	$189K	$29K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1485	−0.037%	$994K	$276K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1486	long leg	$23K	$42K	5x
Binance IOUSDT	+0.0100%	4h	0.1485	−0.025%	$2.9M	$4.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1483	−0.192%	$1.1M	$531K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1485	−0.077%	$213K	$412K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1484	−0.124%	$1.2M	$213K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1484	−0.124%	$336K	$189K	50x
Bitget IOUSDT	+0.0100%	4h	0.1486	+0.010%	$1.3M	$831K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1484	−0.124%	—	$1.3M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1480	−0.419%	$28K	$20K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1485	−0.057%	$728	$205K	5x	as long as short
Injective IO/USDC PERP	+0.0452%	1h	0.1494	+0.549%	$2K	$189	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.6295%	1h	0.1489	+0.239%	$51K	$19K	10x	as long as short