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 −0.005%

Price spread now: Aster against MEXC−0.126%7-day average −0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on MEXC 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)−0.058%−$6 · spread now −0.126%, 7d avg −0.004%

Together, before fees−0.052%+ Points / potential airdropAster: Stage 5 · farm board−$5 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 0.123% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AR_USDT	4.5340	0.0100	pay 0.0100% / 8h	5h 33m	$6.5M	$4.3M	100x
Short	Aster ARUSDT	4.5283	0.0100	get 0.0100% / 8h	5h 33m	$19K	$500K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → −0.004%: −$12.25
Slippage, 4 orders: −$56.72
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$80.97
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Aster: live order book, 29 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 MEXC live order book, 4 min ago	1.10 bp	3.1 bp −$3	17.7 bp −$177	210.8 bp −$21.1K	doesn't fit
Sell Aster live order book, 29 min ago	16.45 bp	30.7 bp −$31	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5273	−0.148%	$582K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0085%	8h	4.5310	−0.066%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.110%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5354	+0.031%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.5283	−0.126%	$19K	$500K	10x
Binance ARUSDT	+0.0100%	8h	4.5306	−0.075%	$9.0M	$51.5M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5332	−0.018%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5260	−0.176%	$2.5M	$2.0M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.5340	long leg	$6.5M	$4.3M	100x
KuCoin ARUSDTM	+0.0100%	8h	4.5270	−0.154%	$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	4.5280	−0.132%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5320	−0.044%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5276	−0.141%	$235K	$256K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5240	−0.221%	$20K	$725K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5267	−0.161%	$37K	$239K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5350	+0.022%	$434K	$497K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1927%	1h	4.5367	+0.059%	$56K	$149K	20x	as long as short