Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.8748%/8h= −957.9% APRpaid last 24h −2.102%

Price spread now: 01 Exchange against Aster−3.453%7-day average — · you buy dearer than you sell

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

Long on Aster Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$262 a day on $10k at the current rate, and 01 Exchange is 3.453% cheaper against Aster than usual: you would sell low and buy high (−$345 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03988	0.0100	pay 0.0050% / 4h	2h 34m	$46K	$142K	10x
Short	01 Exchange SUSD	0.03850	−0.8648	pay 0.1081% / 1h	34m 31s	$24K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −3.453%Rate

Funding earned: −$1,837.08
Price spread: −3.453% → 0.000%: −$345.28
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$2,197.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 12 min ago; 01 Exchange: 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, 12 min ago	13.92 bp	61.6 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
01 Exchange SUSDshort	−0.8648%	1h	0.03850	−3.453%	$24K	$2K	5x
Kraken Futures PF_SUSD	−0.1811%	1h	0.04015	+0.681%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03964	−0.594%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04015	+0.677%	$1K	—	100x	as long as short
Variational Omni S	−0.0125%	4h	0.03973	−0.371%	$617K	$30K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04015	+0.676%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04016	+0.705%	$619	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.816%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.04013	+0.635%	$100K	$500K	10x	as long as short
Lighter S	+0.0096%	1h	0.03986	−0.042%	$169K	$139K	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	0.03988	+0.005%	$1.0M	$594K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.03988	long leg	$46K	$142K	10x
Binance SUSDT	+0.0100%	4h	0.03985	−0.067%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03978	−0.243%	$5.7M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03984	−0.092%	$987K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03983	−0.118%	$324K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03985	−0.067%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03985	−0.067%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03985	−0.067%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03986	−0.042%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−1.196%	$4K	$474K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03983	−0.106%	$225K	$596K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04012	+0.610%	$277K	$108K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1494%	1h	0.04020	+0.810%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1912%	1h	0.04030	+1.061%	$117K	$426K	5x	as long as short