Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.046%

Price spread now: KuCoin against Aster+0.037%7-day average −0.126% · 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−$417as in the Price arb table

costs, in and out, $10k−$4344.335% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.259%+$26 on $10k

Price spread, last 4 days (all we have)−0.732%−$73 · spread now +0.037%, 7d avg −0.126%

Together, before fees−0.473%+ Points / potential airdropAster: Stage 5 · farm board−$47 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: KuCoin is 0.163% dearer against Aster than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.04467	0.0100	pay 0.0050% / 4h	3h 22m	$49K	$185K	10x
Short	KuCoin SUSDTM	0.04469	0.0100	get 0.0050% / 4h	3h 22m	$2.1M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.126%: $16.31
Slippage, 4 orders: −$413.5
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$417.2
Costs to cover: 4.335%
Break-even: never at this rate

Slippage from Aster: live order book, 9 min ago; KuCoin: live order book, 5 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, 9 min ago	13.90 bp	76.4 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.80 bp	131.4 bp −$131	324.2 bp −$3,242	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
Kraken Futures PF_SUSD	−0.2541%	1h	0.04466	−0.029%	$38K	$20K	10x	as long as short
01 Exchange SUSD	−0.2304%	1h	0.04390	−1.731%	$26K	$3K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−3.567%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04460	−0.171%	$2K	—	100x	as long as short
Variational Omni S	−0.0102%	4h	0.04403	−1.437%	$682K	$7K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04461	−0.151%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04473	+0.127%	$75K	$11K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04472	+0.107%	$688	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−8.223%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0067%	4h	0.04469	+0.037%	$111K	$639K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.04469	+0.037%	$191K	$100K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04468	+0.017%	$1.1M	$737K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.04467	long leg	$49K	$185K	10x
Binance SUSDT	+0.0100%	4h	0.04470	+0.050%	$6.7M	$17.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04462	−0.119%	$6.4M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04467	−0.008%	$1.3M	$5.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04465	−0.052%	$381K	$232K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04467	−0.008%	$4.7M	$2.4M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.04469	+0.037%	$2.1M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04471	+0.082%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04466	−0.030%	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04380	−1.955%	$25K	$514K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04465	−0.055%	$247K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04461	−0.142%	$314K	$121K	75x	as long as short
Backpack S_USDC_PERP	+0.0710%	1h	0.04480	+0.283%	$105K	$474K	5x	as long as short