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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Aster−0.195%7-day average −0.066% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.195%, 7d avg −0.066%
Together, before fees+0.234%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.129% cheaper against Aster than usual: you would sell low and buy high (spread −0.195% now, against its 7-day average of −0.066%). If the spread goes back, that is −$13 on $10k: about 8.6 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster COINUSDT197.770get 0.0000% / 8h5h 51m$349K$877K20x
ShortOndo Perps COIN-USD.P197.380.0050get 0.0006% / 1h51m 33s$351K$3.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$10.58
Price spread: −0.195% → −0.066%
−$12.95
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$15.36
Costs to cover
0.130%
Break-even
17.2 days
Slippage unknown: Aster: live order book, 11 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 11 min ago52.78 bp57.1 bp −$5757.3 bp −$573doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.

COIN 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
Bitget COINUSDT−0.0725%8h197.74−0.013%$6.3M$10.1M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.69−0.544%$43K$48K30xas long as short
Gate COIN_USDT−0.0139%8h197.69−0.039%$1.2M$7.0M50xas long as short
Vest COIN-USD-PERP−0.0088%1h197.09−0.342%$284K25xas long as short
Aster COINUSDTlong0.0000%8h197.77long leg$349K$877K20x
Extended COIN_24_5-USD0.0000%1h197.60−0.085%$119K$697K10xas long as short
Binance COINUSDT0.0000%8h197.65−0.059%$15.1M$78.2M20xas long as short
Bybit COINUSDT0.0000%8h197.66−0.054%$4.9M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h197.68−0.044%$3.1M$4.6M20xas long as short
Variational Omni COIN0.0000%8h197.59−0.090%$817K$905Kas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h197.46−0.157%$14K$2.1M10xas long as short
QFEX COIN-USD+0.0016%1h197.55−0.109%$1.3M$3.5M10xas long as short
Lighter COIN+0.0032%1h197.60−0.081%$368K$2.0M10xas long as short
Lighter RH COIN+0.0032%1h197.58−0.094%$450K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h197.51−0.130%$15K$54K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h197.51−0.130%$15.7M$13.3M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h197.53−0.119%$125K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h197.53−0.119%$91$3K10xas long as short
Ondo Perps COIN-USD.Pshort+0.0050%1h197.38−0.195%$351K$3.0M10x
KuCoin COINUSDTM+0.0100%8h197.59−0.089%$995K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h197.49−0.140%$89K$286K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h197.56−0.104%$571$4K10xas long as short
Aevo COIN-PERP+0.0104%1h197.57−0.100%$11710xas long as short
edgeX COINUSDC+0.0114%4h197.30−0.234%$51K$294K10xas long as short
Phoenix COIN+0.0162%1h197.32−0.226%$5K$281K10xas long as short