Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.030%

Price spread now: Aster against MEXC+0.926%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Aster

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.926% dearer against MEXC than usual: you sell high and buy low: +$93 more if the spread 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	MEXC MTL_USDT	0.3132	0.0078	pay 0.0039% / 4h	3h 27m	$280K	$127K	50x
Short	Aster MTLUSDT	0.3161	0.0100	get 0.0013% / 1h	27m 05s	$2K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.926%Rate

Funding earned: $4.62
Price spread: +0.926% → 0.000%: $92.56
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: $85.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: MEXC: live order book, 8 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 MEXC live order book, 8 min ago	1.60 bp	13.1 bp −$13	109.7 bp −$1,097	182.7 bp −$18.3K	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.

MTL on 9 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
BingX MTL-USDT	+0.0008%	4h	0.3130	−0.064%	—	$1.3M	—	as long as short
MEXC MTL_USDTlong	+0.0078%	4h	0.3132	long leg	$280K	$127K	50x
Binance MTLUSDT	+0.0090%	4h	0.3133	+0.024%	$1.7M	$4.8M	50x	as long as short
Aster MTLUSDTshort	+0.0100%	1h	0.3161	+0.926%	$2K	$9K	5x
Bybit MTLUSDT	+0.0100%	8h	0.3129	−0.096%	$1.0M	$946K	25x	as long as short
Gate MTL_USDT	+0.0100%	4h	0.3135	+0.096%	$152K	$77K	25x	as long as short
KuCoin MTLUSDTM	+0.0100%	4h	0.3137	+0.160%	$661K	$23K	30x	as long as short
Bitget MTLUSDT	+0.0100%	4h	0.3134	+0.064%	$347K	$123K	25x	as long as short
BloFin MTL-USDT	+0.0116%	4h	0.3135	+0.096%	$111K	$7K	50x	as long as short