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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0157%/8h= −17.2% APRnext payment $0.79 per $10,000 · paid last 24h +0.026%
Price spread now: KuCoin against Aster−0.075%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$546as in the Price arb table
costs, in and out, $10k−$5415.415% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.436%+$44 on $10k
Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.075%, 7d avg −0.025%
Together, before fees+0.338%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +0.436%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.020050.0327pay 0.0164% / 4h2h 18m$238K$123K5x
ShortKuCoin 4USDTM0.020030.0170get 0.0085% / 4h2h 18m$915K$11.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$33.04
Price spread: −0.075% → −0.025%
−$4.94
Slippage, 4 orders
−$521.46
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$579.45
Costs to cover
5.415%
Break-even
never at this rate
Slippage from Aster: live order book, 31 min ago; KuCoin: live order book, 4 min ago.

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, 31 min ago5.98 bp42.1 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago5.01 bp195.1 bp −$195doesn't fitdoesn't fitdoesn't fit

4 on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 4USDT+0.0100%4h0.02001−0.175%$2.6M$2.0M5xas long as short
Variational Omni 4+0.0100%4h0.01997−0.365%$48K$12Kas long as short
SunX 4-USDT+0.0100%4h0.02000−0.224%$2K$1.5M20xas long as short
KuCoin 4USDTMshort+0.0170%4h0.02003−0.075%$915K$11.9M20x
Gate 4_USDT+0.0194%4h0.02007+0.120%$550K$310K20xas long as short
Aster 4USDTlong+0.0327%4h0.02005long leg$238K$123K5x
BingX 4-USDT+0.0390%4h0.02004−0.030%$1.4Mas long as short
MEXC 4_USDT+0.0392%4h0.02006+0.075%$1.8M$997K100xas long as short
Binance 4USDT+0.0393%4h0.02006+0.085%$7.9M$13.7M20xas long as short