Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Aster against BingX+0.085%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$970.975% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.085%, 7d avg +0.048%

Together, before fees+0.010%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.037% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AR-USDT	4.5940	0.0100	pay 0.0100% / 8h	7h 14m	—	$2.9M	—
Short	Aster ARUSDT	4.5979	0.0100	get 0.0100% / 8h	7h 14m	$21K	$510K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.048%: $3.69
Slippage, 4 orders: −$79.46
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$93.77
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Aster: live order book, 58 min ago.

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 BingX live order book, 5 min ago	4.33 bp	20.5 bp −$21	46.2 bp −$462	393.8 bp −$39.4K	725.1 bp −$362.5K
Sell Aster live order book, 58 min ago	14.08 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_ARUSD	−0.2403%	1h	4.5962	+0.048%	$52K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5974	+0.073%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0133%	8h	4.5930	−0.022%	$2.4M	$19.8M	20x	as long as short
Extended AR-USD	0.0000%	1h	4.5940	+0.001%	$38K	$240K	10x	as long as short
MEXC AR_USDT	0.0000%	8h	4.5960	+0.044%	$6.5M	$4.4M	100x	as long as short
Binance ARUSDT	0.0000%	8h	4.5970	+0.065%	$9.2M	$53.3M	75x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.479%	$3K	$239	5.5x	as long as short
BloFin AR-USDT	+0.0087%	8h	4.5980	+0.087%	$442K	$539K	20x	as long as short
ApeX Omni ARUSDT	+0.0091%	1h	4.6040	+0.218%	$23K	$741K	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6000	+0.131%	$4.2M	$4.8M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDTshort	+0.0100%	8h	4.5979	+0.085%	$21K	$510K	10x
Bybit ARUSDT	+0.0100%	8h	4.5950	+0.022%	$4.6M	$8.5M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5950	+0.022%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5950	+0.022%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5910	−0.065%	$4.0M	$5.4M	75x	as long as short
BingX AR-USDTlong	+0.0100%	8h	4.5940	long leg	—	$2.9M	—
Variational Omni AR	+0.0100%	8h	4.6023	+0.180%	$143K	$168K	—	as long as short