Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.8% APRnext payment $0.04 per $10,000 · paid last 24h −0.070%
Price spread now: Aster against OKX+0.059%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1291.287% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.133%−$13 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.059%, 7d avg +0.117%
Together, before fees−0.095%+ Points / potential airdropAster: Stage 5 · farm board−$10 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: Aster is 0.058% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.117%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX S-USDT-SWAP0.039050.0100pay 0.0050% / 4h1h 26m$973K$5.9M20x
ShortAster SUSDT0.039070.0092get 0.0046% / 4h1h 26m$43K$212K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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

Funding earned
−$1.59
Price spread: +0.059% → +0.117%
−$5.81
Slippage, 4 orders
−$110.66
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$136.05
Costs to cover
1.287%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Aster: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago3.84 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 55 min ago10.19 bp34.7 bp −$35doesn't fitdoesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1602%1h0.03902−0.071%$33K$26K10xas long as short
Coinbase International S-PERP-INTX−0.1576%1h0.03826−2.023%$47K$5K25xas long as short
Variational Omni S−0.0847%4h0.03915+0.256%$609K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0196% / S +0.0189%1h0.03907+0.059%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.039050.000%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03908+0.081%$602150xas long as short
Orderly PERP_S_USDC+0.0029%4h0.03906+0.026%$99K$346K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.994%$2K$37K12xas long as short
Aster SUSDTshort+0.0092%4h0.03907+0.059%$43K$212K10x
Lighter S+0.0096%1h0.03910+0.128%$164K$223K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03905−0.010%$980K$757K5xas long as short
Binance SUSDT+0.0100%4h0.03904−0.026%$5.3M$19.3M75xas long as short
Bybit SUSDT+0.0100%4h0.03898−0.179%$5.6M$5.7M50xas long as short
OKX S-USDT-SWAPlong+0.0100%4h0.03905long leg$973K$5.9M20x
Gate S_USDT+0.0100%4h0.039050.000%$319K$265K50xas long as short
MEXC S_USDT+0.0100%4h0.039050.000%$3.5M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03904−0.026%$1.8M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.03907+0.051%$1.2M$2.6M50xas long as short
BingX S-USDT+0.0100%4h0.03903−0.051%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03920+0.384%$25K$465K50xas long as short
Extended S-USD+0.0104%1h0.03903−0.043%$219K$881K10xas long as short
01 Exchange SUSD+0.0128%1h0.03900−0.128%$24K$2K5xas long as short
BloFin S-USDT+0.0340%4h0.03918+0.333%$268K$126K75xas long as short
Backpack S_USDC_PERP+0.0355%1h0.03920+0.384%$114K$301K5xas long as short
Deribit S_USDC-PERPETUAL+0.0518%1h0.03910+0.128%$66K$10K10xas long as short