Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.063%

Price spread now: Deribit against Aster+0.039%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 +$5 a day on $10k at the current rate, and Deribit is 0.039% dearer against Aster than usual: you sell high and buy low: +$4 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	Aster SUSDT	0.03916	0.0093	pay 0.0047% / 4h	1h 28m	$43K	$212K	10x
Short	Deribit S_USDC-PERPETUAL	0.03918	0.0261	get 0.0033% / 1h	28m 00s	$66K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $35.19
Price spread: +0.039% → 0.000%: $3.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.06
Costs to cover: 0.150%
Break-even: 2.2 days

Slippage unknown: Aster: live order book, 53 min ago; Deribit: 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 Aster live order book, 53 min ago	10.19 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

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
Kraken Futures PF_SUSD	−0.1600%	1h	0.03907	−0.248%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.310%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0847%	4h	0.03915	−0.038%	$609K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0196% / S +0.0189%	1h	0.03914	−0.053%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03913	−0.088%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03916	−0.005%	$604	—	150x	as long as short
Orderly PERP_S_USDC	+0.0028%	4h	0.03914	−0.063%	$100K	$345K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.686%	$2K	$37K	12x	as long as short
Aster SUSDTlong	+0.0093%	4h	0.03916	long leg	$43K	$212K	10x
Lighter S	+0.0096%	1h	0.03916	−0.012%	$164K	$223K	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	0.03911	−0.135%	$981K	$757K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03907	−0.242%	$5.3M	$19.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03903	−0.344%	$5.6M	$5.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03905	−0.293%	$974K	$6.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03910	−0.166%	$319K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03914	−0.063%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03911	−0.140%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03911	−0.140%	$1.2M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03909	−0.191%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	+0.345%	$25K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03911	−0.153%	$221K	$881K	10x	as long as short
01 Exchange SUSD	+0.0128%	1h	0.03920	+0.090%	$24K	$2K	5x	as long as short
Deribit S_USDC-PERPETUALshort	+0.0261%	1h	0.03918	+0.039%	$66K	$10K	10x
Backpack S_USDC_PERP	+0.0270%	1h	0.03920	+0.090%	$114K	$300K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03919	+0.064%	$268K	$126K	75x	as long as short