Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.089%

Price spread now: Gate against Aster−0.184%7-day average −0.113% · 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−$270as in the Price arb table

costs, in and out, $10k−$2632.628% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.184%, 7d avg −0.113%

Together, before fees+0.198%+ Points / potential airdropAster: Stage 5 · farm board+$20 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: Gate is 0.071% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03955	0.0100	pay 0.0050% / 4h	3h 09m	$46K	$142K	10x
Short	Gate S_USDT	0.03948	0.0100	get 0.0050% / 4h	3h 09m	$321K	$191K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → −0.113%: −$7.11
Slippage, 4 orders: −$239.84
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$269.95
Costs to cover: 2.628%
Break-even: never at this rate

Slippage from Aster: live order book, 42 min ago; Gate: live order book, 41 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, 42 min ago	13.72 bp	71.7 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	8.76 bp	76.2 bp −$76	doesn't fit	doesn't fit	doesn't fit

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	−0.5168%	1h	0.03850	−2.662%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2259%	1h	0.03944	−0.289%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03927	−0.715%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03955	−0.010%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03953	−0.070%	$4	—	15x	as long as short
Variational Omni S	−0.0047%	4h	0.03947	−0.215%	$613K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03956	+0.018%	$610	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.659%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0082%	4h	0.03952	−0.083%	$98K	$296K	10x	as long as short
Lighter S	+0.0096%	1h	0.03958	+0.069%	$167K	$157K	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	−0.055%	$990K	$589K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.03955	long leg	$46K	$142K	10x
Binance SUSDT	+0.0100%	4h	0.03954	−0.020%	$5.5M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03948	−0.184%	$5.6M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03953	−0.058%	$982K	$3.8M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.03948	−0.184%	$321K	$191K	50x
MEXC S_USDT	+0.0100%	4h	0.03955	−0.007%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03952	−0.083%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03958	+0.069%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03952	−0.083%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.372%	$24K	$463K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03952	−0.078%	$224K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03967	+0.296%	$273K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0763%	1h	0.03954	−0.032%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1396%	1h	0.03960	+0.119%	$115K	$424K	5x	as long as short