Funding you earn now, next payment 04:00 UTC−0.0307%/8h= −33.6% APRnext payment −$1.54 per $10,000 · paid last 24h −0.039%
Price spread now: Aster against Binance+0.135%7-day average +0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)+0.250%+$25 · spread now +0.135%, 7d avg +0.010%
=Together, before fees+0.210%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.125% dearer against Binance than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.010%): +$12 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 5 days (−0.040% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.040% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.54 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 | Binance MUSDT | 1.4233 | 0.1219 | pay 0.0610% / 4h | 1h 33m | $5.5M | $3.8M | 10x |
| Short | Aster MUSDT | 1.4252 | 0.0912 | get 0.0456% / 4h | 1h 33m | $16K | $93K | 5x |
Binance MUSDT
Aster MUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$64.5
- Price spread: +0.135% → +0.010%
- $12.48
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$70.02
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 4 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, 4 min ago | 3.15 bp | 37.1 bp −$37 | 344.8 bp −$3,448 | 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.
M on 12 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 | 1.4231 | −0.014% | $4.4M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4247 | +0.099% | $1.9M | $900K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4250 | +0.120% | $1.8M | $252K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4272 | +0.276% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4261 | +0.197% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4283 | +0.352% | $2K | $734K | 20x | as long as short |
| Aster MUSDTshort | +0.0912% | 4h | 1.4252 | +0.135% | $16K | $93K | 5x | |
| BloFin M-USDT | +0.1206% | 4h | 1.4251 | +0.127% | $356K | $435K | 10x | as long as short |
| BingX M-USDT | +0.1214% | 4h | 1.4230 | −0.021% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1218% | 4h | 1.4239 | +0.043% | $240K | $106K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
BloFin M-USDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTlong | +0.1219% | 4h | 1.4233 | long leg | $5.5M | $3.8M | 10x | |
| KuCoin MUSDTM | +0.2786% | 4h | 1.4140 | −0.656% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM