Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0900%/8h= −98.6% APRpaid last 24h −0.075%

Price spread now: Aster against Deribit−0.006%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aster

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$27 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit S_USDC-PERPETUAL	0.04004	0.1000	pay 0.0125% / 1h	53m 55s	$67K	$10K	10x
Short	Aster SUSDT	0.04004	0.0100	get 0.0050% / 4h	3h 53m	$44K	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$189.07
Price spread: −0.006% → 0.000%: −$0.6
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$204.66
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 62 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 62 min ago	14.65 bp	35.1 bp −$35	doesn't fit	doesn't fit	doesn't fit

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	−0.2229%	1h	0.03996	−0.199%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03928	−1.898%	$47K	$16K	25x	as long as short
01 Exchange SUSD	−0.0880%	1h	0.03960	−1.099%	$25K	$2K	5x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03998	−0.145%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03993	−0.272%	$4	—	15x	as long as short
Variational Omni S	−0.0033%	4h	0.04003	−0.030%	$620K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03999	−0.125%	$616	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.398%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0075%	4h	0.03999	−0.125%	$99K	$270K	10x	as long as short
Lighter S	+0.0096%	1h	0.04002	−0.050%	$168K	$155K	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	0.04000	−0.110%	$1.0M	$592K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.04004	−0.006%	$44K	$139K	10x
Binance SUSDT	+0.0100%	4h	0.03998	−0.158%	$5.6M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03991	−0.325%	$5.7M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03995	−0.225%	$1.0M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03993	−0.275%	$326K	$189K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04001	−0.075%	$3.7M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03997	−0.175%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04001	−0.075%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03994	−0.250%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03960	−1.099%	$24K	$461K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03996	−0.197%	$225K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04001	−0.075%	$273K	$100K	75x	as long as short
Deribit S_USDC-PERPETUALlong	+0.1000%	1h	0.04004	long leg	$67K	$10K	10x
Backpack S_USDC_PERP	+0.2312%	1h	0.04010	+0.150%	$117K	$424K	5x	as long as short