Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0651%/8h= −71.3% APRpaid last 24h −0.155%

Price spread now: GMX against Aster−0.040%7-day average +0.022% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.616%−$62 on $10k

Price spread, last 4 days (all we have)+0.850%+$85 · spread now −0.040%, 7d avg +0.022%

Together, before fees+0.235%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.062% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.5306	0.0100	pay 0.0100% / 8h	5h 35m	$19K	$500K	10x
Short	GMX AR/USD [WBTC.b-USDC]	4.5288	L −0.0141% / S +0.0551%	pay 0.0069% / 1h	35m 46s	$582K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$136.73
Price spread: −0.040% → +0.022%: −$6.19
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$162.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 27 min ago; GMX: 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 Aster live order book, 27 min ago	16.45 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

AR on 17 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
GMX AR/USD [WBTC.b-USDC]short	L −0.0141% / S +0.0551%	1h	4.5288	−0.040%	$582K	—	50x
OKX AR-USDT-SWAP	−0.0092%	8h	4.5210	−0.213%	$2.3M	$18.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.036%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5307	+0.001%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.5306	long leg	$19K	$500K	10x
Binance ARUSDT	+0.0100%	8h	4.5230	−0.169%	$9.0M	$51.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5220	−0.191%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5290	−0.036%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5220	−0.191%	$6.7M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5260	−0.102%	$1.2M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.5170	−0.301%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5280	−0.058%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5276	−0.067%	$235K	$256K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5410	+0.229%	$20K	$725K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5282	−0.054%	$37K	$239K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5300	−0.014%	$431K	$496K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1924%	1h	4.5440	+0.295%	$56K	$149K	20x	as long as short