Funding arb · Price arb /

VIRTUAL

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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 0.000%

Price spread now: MEXC against Aster−0.028%7-day average −0.062% · 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−$41as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.028%, 7d avg −0.062%

Together, before fees−0.101%+ 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: MEXC is 0.033% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VIRTUALUSDT	0.7122	0.0100	pay 0.0050% / 4h	2h 14m	$93K	$302K	20x
Short	MEXC VIRTUAL_USDT	0.7120	0.0100	get 0.0050% / 4h	2h 14m	$15.4M	$5.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.062%: $3.32
Slippage, 4 orders: −$36.37
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$41.06
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from Aster: live order book, 32 min ago; MEXC: live order book, 4 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, 32 min ago	0.70 bp	11.4 bp −$11	138.6 bp −$1,386	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.70 bp	4.5 bp −$4	11.2 bp −$112	105.1 bp −$10.5K	266.1 bp −$133.1K

VIRTUAL on 33 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7112	−0.146%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0136%	1h	0.7115	−0.099%	$2K	$106	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7121	−0.019%	$11K	$36K	5x	as long as short
Lighter VIRTUAL	−0.0032%	1h	0.7116	−0.083%	$323K	$403K	5x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7115	−0.099%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7116	−0.082%	$14K	—	150x	as long as short
Bybit VIRTUALUSDT	+0.0019%	4h	0.7118	−0.057%	$16.3M	$19.0M	50x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.071%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0075%	4h	0.7117	−0.071%	$13K	$1.5M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7129	+0.099%	$8.7M	$4.1M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDTlong	+0.0100%	4h	0.7122	long leg	$93K	$302K	20x
Pacifica VIRTUAL	+0.0100%	1h	0.7122	0.000%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7122	−0.001%	$16.0M	$42.0M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7125	+0.042%	$2.8M	$9.9M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7117	−0.071%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDTshort	+0.0100%	4h	0.7120	−0.028%	$15.4M	$5.0M	100x
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7121	−0.014%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7126	+0.056%	$6.0M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7123	+0.014%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7120	−0.028%	$239K	$206K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7115	−0.094%	$530K	$914K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7120	−0.029%	$19K	$262K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7121	−0.014%	$628K	$1.0M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7123	+0.014%	$40K	$237K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7115	−0.099%	$52K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7119	−0.042%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7117	−0.071%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7116	−0.083%	$53K	$303K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7114	−0.113%	$18K	—	3x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0280%	1h	0.7120	−0.025%	$525K	$761K	50x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7115	−0.101%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7114	−0.113%	$772K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0432%	1h	0.7132	+0.140%	$199K	$101K	50x	as long as short