Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.043%

Price spread now: Aster against GMX−0.127%7-day average −0.021% · you buy dearer than you sell

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.288%+$29 on $10k

Price spread, last 3 days (all we have)−0.168%−$17 · spread now −0.127%, 7d avg −0.021%

Together, before fees+0.121%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.105% cheaper against GMX than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.021%). If the spread goes back, that is −$11 on $10k: about 35 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AR/USD [WBTC.b-USDC]	4.6204	L −0.0140% / S +0.0551%	get 0.0018% / 1h	8m 50s	$594K	—	50x
Short	Aster ARUSDT	4.6146	0.0100	get 0.0100% / 8h	7h 08m	$21K	$499K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee AsterbpOrdersPrice spread, now −0.127%Rate

Funding earned: $50.49
Price spread: −0.127% → −0.021%: −$10.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $19.95
Costs to cover: 0.200%
Break-even: 4.2 days

Slippage unknown: GMX: no order-book sample; Aster: live order book, 64 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 64 min ago	14.08 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_ARUSD	−0.2387%	1h	4.6267	+0.136%	$56K	$149K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]long	L −0.0140% / S +0.0551%	1h	4.6204	long leg	$594K	—	50x
OKX AR-USDT-SWAP	−0.0134%	8h	4.6120	−0.182%	$2.4M	$19.9M	20x	as long as short
MEXC AR_USDT	+0.0004%	8h	4.6150	−0.117%	$6.7M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0004%	8h	4.6160	−0.096%	$9.3M	$53.2M	75x	as long as short
Extended AR-USD	+0.0008%	1h	4.6130	−0.162%	$38K	$240K	10x	as long as short
BloFin AR-USDT	+0.0018%	8h	4.6220	+0.034%	$440K	$542K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.6110	−0.204%	$2K	$2K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6258	+0.116%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.6146	−0.127%	$21K	$499K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.6150	−0.117%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6150	−0.117%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6130	−0.161%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6140	−0.139%	$3.9M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6140	−0.139%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5887	−0.686%	$143K	$168K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5930	−0.594%	$23K	$741K	50x	as long as short