Funding you earn now, next payment 04:00 UTC−0.1135%/8h= −124.3% APRnext payment −$5.67 per $10,000 · paid last 24h −0.131%
Price spread now: Bitget against Aster−0.123%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$315as in the Price arb table
costs, in and out, $10k−$3063.060% of the position
Funding, last 5 days (all we have)−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)−0.165%−$16 · spread now −0.123%, 7d avg −0.032%
=Together, before fees−0.385%+ Points / potential airdropAster: Stage 5 · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bitget is 0.091% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.220% in total (about -14.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MUSDT | 1.4094 | 0.1255 | pay 0.0627% / 4h | 2h 27m | $16K | $93K | 5x |
| Short | Bitget MUSDT | 1.4077 | 0.0120 | get 0.0060% / 4h | 2h 27m | $1.8M | $236K | 10x |
Aster MUSDT
Bitget MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$238.31
- Price spread: −0.123% → −0.032%
- −$9.07
- Slippage, 4 orders
- −$285.95
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$553.33
- Costs to cover
- 3.060%
- Break-even
- never at this rate
Slippage from Aster: live order book, 38 min ago; Bitget: live order book, 4 min ago.
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 live order book, 38 min ago | 14.90 bp | 85.8 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 14.54 bp | 54.3 bp −$54 | 373.3 bp −$3,733 | doesn't fit | doesn't fit |
M on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4081 | −0.095% | $4.4M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4068 | −0.187% | $1.9M | $887K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4060 | −0.241% | $88K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4097 | +0.019% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4111 | +0.118% | $2K | $699K | 20x | as long as short |
| Bitget MUSDTshort | +0.0120% | 4h | 1.4077 | −0.123% | $1.8M | $236K | 10x | |
| Aster MUSDTlong | +0.1255% | 4h | 1.4094 | long leg | $16K | $93K | 5x | |
| BingX M-USDT | +0.1562% | 4h | 1.4083 | −0.081% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1634% | 4h | 1.4081 | −0.095% | $236K | $107K | 50x | as long as short |
| Binance MUSDT | +0.1634% | 4h | 1.4077 | −0.123% | $5.5M | $3.7M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
BingX M-USDT
MEXC M_USDT
Binance MUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MUSDTM | +0.3354% | 4h | 1.3963 | −0.934% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM