Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against Aster+0.085%7-day average — · you sell dearer than you buy

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 6 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 · tradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.085% dearer against Aster than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BXUSDT	126.17	0	get 0.0000% / 8h	3h 04m	$5K	$2K	20x
Short	tradeXYZ xyz:BX	126.28	−0.0311	pay 0.0039% / 1h	4m 47s	$664K	$223K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$65.28
Price spread: +0.085% → 0.000%: $8.49
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$82.8
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 12 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 12 min ago	1.98 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit

Aster: 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.

BX on 14 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
tradeXYZ xyz:BXshort	−0.0311%	1h	126.28	+0.085%	$664K	$223K	10x
Aster BXUSDTlong	0.0000%	8h	126.17	long leg	$5K	$2K	20x
Bybit BXUSDT	0.0000%	8h	126.35	+0.140%	$483K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.49	+0.251%	$164K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.592%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.44	+0.212%	$422K	$28K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.196%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.40	+0.182%	$767	$106K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.38	+0.164%	$861	$314K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.48	+0.243%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BX	+0.0011%	8h	126.35	+0.139%	$43K	$12K	—	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.13	−0.034%	$113K	$882K	20x	as long as short
Binance BXUSDT	+0.0118%	8h	126.33	+0.124%	$776K	$495K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.960%	$4K	$32K	12x	as long as short