Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Aster−0.040%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. tradeXYZ is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster COSTUSDT	902.70	0	get 0.0000% / 8h	1h 38m	$45K	$178	20x
Short	tradeXYZ xyz:COST	902.34	0.0050	get 0.0006% / 1h	38m 13s	$1.8M	$519K	20x

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 −0.040%Rate

Funding earned: $10.5
Price spread: −0.040% → 0.000%: −$4.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.54
Costs to cover: 0.260%
Break-even: 20.0 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 9 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, 9 min ago	0.94 bp	11.4 bp −$11	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.

COST on 15 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
Aster COSTUSDTlong	0.0000%	8h	902.70	long leg	$45K	$178	20x
Binance COSTUSDT	0.0000%	8h	902.57	−0.015%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.66	−0.005%	$491K	$220K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	902.52	−0.020%	$442K	$123K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.58	−0.014%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.62	−0.009%	$401K	$83K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.47	−0.026%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.00	−0.078%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.77	+0.229%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.39	−0.035%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.188%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.493%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.27	−0.048%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	902.34	−0.040%	$1.8M	$519K	20x
KuCoin COSTUSDTM	+0.0100%	8h	902.10	−0.067%	$47K	$902K	20x	as long as short