Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h −0.016%

Price spread now: Aster against tradeXYZ−0.111%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.111% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 23 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BX	126.28	−0.0388	get 0.0049% / 1h	10m 45s	$664K	$214K	10x
Short	Aster BXUSDT	126.14	0	get 0.0000% / 8h	4h 10m	$5K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.111%Rate

Funding earned: $81.55
Price spread: −0.111% → 0.000%: −$11.07
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: $44.49
Costs to cover: 0.260%
Break-even: 3.2 days

Slippage unknown: tradeXYZ: live order book, 16 min ago; Aster: 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 tradeXYZ live order book, 16 min ago	2.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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:BXlong	−0.0388%	1h	126.28	long leg	$664K	$214K	10x
Aster BXUSDTshort	0.0000%	8h	126.14	−0.111%	$5K	$2K	20x
Bybit BXUSDT	0.0000%	8h	126.34	+0.048%	$484K	$836K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.032%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.01	+0.578%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.34	+0.048%	$422K	$28K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.111%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.31	+0.020%	$836	$110K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.30	+0.016%	$907	$317K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.41	+0.103%	$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
KuCoin BXUSDTM	+0.0100%	8h	126.17	−0.087%	$115K	$931K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	137.37	+8.782%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0363%	8h	126.29	+0.009%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.0540%	8h	126.33	+0.037%	$779K	$491K	20x	as long as short