Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Binance+0.217%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Aster

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 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: Aster is 0.217% dearer against Binance than usual: you sell high and buy low, +$22 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	Binance IOUSDT	0.1516	0.0100	pay 0.0050% / 4h	1h 32m	$3.0M	$6.5M	50x
Short	Aster IOUSDT	0.1519	0.0100	get 0.0050% / 4h	1h 32m	$6K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → 0.000%: $21.67
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $3.67
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 min ago; Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 6 min ago	3.29 bp	21.9 bp −$22	102.6 bp −$1,026	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Kraken Futures PF_IOUSD	−0.0637%	1h	0.1519	+0.247%	$39K	$21K	10x	as long as short
BloFin IO-USDT	+0.0092%	4h	0.1517	+0.097%	$193K	$30K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1515	−0.009%	$1.0M	$387K	3x	as long as short
Aster IOUSDTshort	+0.0100%	4h	0.1519	+0.217%	$6K	$32K	5x
Binance IOUSDTlong	+0.0100%	4h	0.1516	long leg	$3.0M	$6.5M	50x
Bybit IOUSDT	+0.0100%	4h	0.1515	−0.061%	$1.1M	$878K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1517	+0.064%	$235K	$530K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1516	+0.031%	$1.2M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1517	+0.097%	$409K	$656K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1516	+0.031%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1516	+0.031%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1514	−0.079%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1515	−0.015%	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1518	+0.163%	$2K	$103	5.5x	as long as short