Funding arb · Price arb /

ALGO

all ALGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.038%

Price spread now: Coinbase International against Aster+0.413%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 Coinbase International

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Coinbase International is 0.413% dearer against Aster than usual: you sell high and buy low (spread +0.413% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ALGOUSDT	0.1125	0.0100	pay 0.0100% / 8h	26m 27s	$44K	$35K	5x
Short	Coinbase International ALGO-PERP-INTX	0.1130	−0.0112	pay 0.0014% / 1h	26m 27s	$62K	$303K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.413%Rate

Funding earned: −$44.52
Price spread: +0.413% → 0.000%: $41.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.19
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Coinbase International: live order book, 51 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 Coinbase International live order book, 51 min ago	6.25 bp	14.8 bp −$15	21.7 bp −$217	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.

ALGO on 22 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
Deribit ALGO_USDC-PERPETUAL	−0.0550%	1h	0.1124	−0.138%	$102K	$50K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0158%	1h	0.1124	−0.149%	$836K	$1.1M	50x	as long as short
Bybit ALGOUSDT	−0.0128%	8h	0.1122	−0.289%	$11.2M	$12.0M	75x	as long as short
Coinbase International ALGO-PERP-INTXshort	−0.0112%	1h	0.1130	+0.413%	$62K	$303K	50x
Variational Omni ALGO	−0.0093%	8h	0.1124	−0.087%	$62K	$13K	—	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1124	−0.129%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0026%	1h	0.1120	−0.475%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1125	−0.059%	$3.8M	$1.9M	5x	as long as short
Aster ALGOUSDTlong	+0.0100%	8h	0.1125	long leg	$44K	$35K	5x
Binance ALGOUSDT	+0.0100%	8h	0.1124	−0.110%	$10.0M	$34.3M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1123	−0.227%	$3.0M	$7.7M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1124	−0.075%	$887K	$835K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1123	−0.235%	$23.0M	$2.9M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1123	−0.191%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1124	−0.120%	$5.7M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1124	−0.164%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1124	−0.102%	$66K	$107K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1126	+0.058%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1124	−0.101%	$7K	$210K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1125	−0.031%	$495K	$791K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0322% / S −0.0314%	1h	0.1125	−0.070%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1373%	1h	0.1125	−0.055%	$161K	$3K	5x	as long as short