Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.115%

Price spread now: Aster against Deribit−0.372%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aster

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 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.372% cheaper against Deribit than usual: you would sell low and buy high (spread −0.372% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 10 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALGO_USDC-PERPETUAL	0.1098	−0.0023	get 0.0003% / 1h	34m 37s	$87K	$44K	25x
Short	Aster ALGOUSDT	0.1094	0.0100	get 0.0100% / 8h	2h 34m	$43K	$37K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.372%Rate

Funding earned: $25.83
Price spread: −0.372% → 0.000%: −$37.15
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.32
Costs to cover: 0.150%
Break-even: 14.1 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Deribit and 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-PERPETUALlong	−0.0023%	1h	0.1098	long leg	$87K	$44K	25x
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1098	+0.004%	$16K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+1.966%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1096	−0.209%	$3.6M	$2.0M	5x	as long as short
Aster ALGOUSDTshort	+0.0100%	8h	0.1094	−0.372%	$43K	$37K	5x
Binance ALGOUSDT	+0.0100%	8h	0.1093	−0.530%	$9.4M	$34.8M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1092	−0.555%	$10.9M	$12.6M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1092	−0.555%	$2.7M	$7.7M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1094	−0.437%	$836K	$925K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1094	−0.428%	$22.8M	$3.2M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALGOUSDTM	+0.0100%	8h	0.1094	−0.373%	$3.4M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1093	−0.492%	$5.4M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1094	−0.428%	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1094	−0.384%	$60K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1098	−0.009%	$59K	$135K	75x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1093	−0.481%	$4K	$195K	10x	as long as short
Kraken Futures PF_ALGOUSD	+0.0113%	1h	0.1099	+0.028%	$827K	$1.1M	50x	as long as short
Phemex ALGOUSDT	+0.0136%	8h	0.1100	+0.146%	$3.7M	$1.8M	50x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0144%	1h	0.1106	+0.692%	$63K	$287K	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1098	−0.082%	$475K	$870K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0317% / S −0.0264%	1h	0.1098	−0.005%	$6K	—	100x	as long as short
dYdX ALGO-USD	+0.2160%	1h	0.1095	−0.324%	$158K	$5K	5x	as long as short