Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against KuCoin+0.103%7-day average +0.034% · 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−$358as in the Price arb table

costs, in and out, $10k−$3653.653% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.319%−$32 · spread now +0.103%, 7d avg +0.034%

Together, before fees−0.369%+ Points / potential airdropAster: Stage 5 · farm board−$37 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 0.069% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.3040	0.0100	pay 0.0100% / 8h	6h 54m	$1.1M	$1.1M	50x
Short	Aster ARUSDT	4.3084	0.0100	get 0.0100% / 8h	6h 54m	$32K	$217K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.034%: $6.89
Slippage, 4 orders: −$345.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$358.4
Costs to cover: 3.653%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Aster: live order book, 37 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 KuCoin live order book, 10 min ago	6.88 bp	155.5 bp −$156	955.5 bp −$9,555	doesn't fit	doesn't fit
Sell Aster live order book, 37 min ago	12.87 bp	42.0 bp −$42	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	−0.1711%	1h	4.3354	+0.729%	$49K	$151K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3224	+0.428%	$555K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.788%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3158	+0.274%	$3.8M	$4.1M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.3084	+0.103%	$32K	$217K	10x
Binance ARUSDT	+0.0100%	8h	4.2990	−0.116%	$8.4M	$42.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3070	+0.070%	$4.4M	$7.9M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3050	+0.023%	$2.2M	$13.5M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3040	0.000%	$2.3M	$3.6M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3040	0.000%	$6.1M	$3.4M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTMlong	+0.0100%	8h	4.3040	long leg	$1.1M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.2980	−0.139%	$3.7M	$4.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3030	−0.023%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3367	+0.759%	$249K	$510K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3440	+0.929%	$21K	$705K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3027	−0.030%	$36K	$246K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3190	+0.349%	$413K	$424K	20x	as long as short