M

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0252%/8h= −27.6% APRnext payment −$1.26 per $10,000 · paid last 24h −0.032%

Price spread now: Aster against BingX+0.068%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2532.532% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.068%, 7d avg +0.003%

Together, before fees+0.184%+ Points / potential airdropAster: Stage 5 · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.065% dearer against BingX than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.003%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 5 days (−0.024% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.024% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.26 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	BingX M-USDT	1.4223	0.1230	pay 0.0615% / 4h	1h 38m	—	$2.4M	—
Short	Aster MUSDT	1.4233	0.0978	get 0.0489% / 4h	1h 38m	$16K	$93K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$53.02
Price spread: +0.068% → +0.003%: $6.5
Slippage, 4 orders: −$235.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$299.74
Costs to cover: 2.532%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Aster: live order book, 87 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 BingX live order book, 10 min ago	9.47 bp	27.0 bp −$27	87.4 bp −$874	doesn't fit	doesn't fit
Sell Aster live order book, 87 min ago	14.90 bp	116.2 bp −$116	doesn't fit	doesn't fit	doesn't fit

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	+0.056%	$4.5M	$1.8M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4220	−0.021%	$1.9M	$895K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4221	−0.014%	$1.8M	$248K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4246	+0.160%	$89K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4245	+0.155%	$2K	$496	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4262	+0.274%	$2K	$729K	20x	as long as short
Aster MUSDTshort	+0.0978%	4h	1.4233	+0.068%	$16K	$93K	5x
BingX M-USDTlong	+0.1230%	4h	1.4223	long leg	—	$2.4M	—
BloFin M-USDT	+0.1271%	4h	1.4238	+0.105%	$353K	$433K	10x	as long as short
Binance MUSDT	+0.1278%	4h	1.4219	−0.028%	$5.5M	$3.7M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC M_USDT	+0.1298%	4h	1.4227	+0.028%	$239K	$105K	50x	as long as short
KuCoin MUSDTM	+0.2822%	4h	1.4115	−0.762%	$1.4M	$4.0M	10x	as long as short