Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.127%

Price spread now: BingX against Aster−0.121%7-day average −0.094% · 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−$287as in the Price arb table

costs, in and out, $10k−$2842.838% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.299%+$30 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now −0.121%, 7d avg −0.094%

Together, before fees+0.164%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.027% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03960	0.0100	pay 0.0050% / 4h	3h 58m	$43K	$141K	10x
Short	BingX S-USDT	0.03955	0.0100	get 0.0050% / 4h	3h 58m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.094%: −$2.66
Slippage, 4 orders: −$265.84
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$286.51
Costs to cover: 2.838%
Break-even: never at this rate

Slippage from Aster: live order book, 13 min ago; BingX: live order book, 14 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, 13 min ago	40.58 bp	182.9 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	3.82 bp	19.8 bp −$20	58.9 bp −$589	343.3 bp −$34.3K	742.9 bp −$371.5K

S on 25 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
01 Exchange SUSD	−0.8368%	1h	0.03840	−3.025%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2042%	1h	0.03957	−0.073%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03826	−3.379%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1048%	4h	0.03941	−0.475%	$613K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0205% / S +0.0198%	1h	0.03960	+0.003%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03956	−0.085%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03960	+0.013%	$610	—	150x	as long as short
Orderly PERP_S_USDC	+0.0024%	4h	0.03958	−0.045%	$101K	$337K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.541%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03960	+0.005%	$167K	$184K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03953	−0.164%	$990K	$665K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.03960	long leg	$43K	$141K	10x
Binance SUSDT	+0.0100%	4h	0.03956	−0.106%	$5.4M	$16.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03951	−0.222%	$5.6M	$5.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03950	−0.247%	$983K	$4.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03957	−0.071%	$322K	$215K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03956	−0.096%	$3.5M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03959	−0.020%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03955	−0.121%	$1.2M	$2.4M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03955	−0.121%	—	$6.7M	—
Backpack S_USDC_PERP	+0.0100%	1h	0.03960	+0.005%	$115K	$313K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03950	−0.247%	$25K	$449K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03956	−0.089%	$222K	$875K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0255%	1h	0.03963	+0.081%	$67K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03943	−0.424%	$265K	$125K	75x	as long as short