Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.078%

Price spread now: Coinbase International against Aster+0.097%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 3 days (all we have)+0.678%+$68 · spread now +0.097%, 7d avg +0.148%

Together, before fees+0.916%+ Points / potential airdropAster: Stage 5 · farm board+$92 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.051% cheaper against Aster than usual: you would sell low and buy high (spread +0.097% now, against its 7-day average of +0.148%). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARBUSDT	0.2273	0.0100	pay 0.0100% / 8h	7h 08m	$707K	$1.6M	20x
Short	Coinbase International ARB-PERP-INTX	0.2275	0.0232	get 0.0029% / 1h	8m 50s	$523K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.097%Rate

Funding earned: $27.72
Price spread: +0.097% → +0.148%: −$5.15
Slippage, 4 orders: −$48.78
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.2
Costs to cover: 0.668%
Break-even: 18.2 days

Slippage from Aster: live order book, 4 min ago; Coinbase International: live order book, 5 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 Aster live order book, 4 min ago	3.52 bp	15.9 bp −$16	49.1 bp −$491	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	8.79 bp	16.6 bp −$17	31.6 bp −$316	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1666%	1h	0.2261	−0.524%	$41K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0234%	1h	0.2273	−0.004%	$25K	$34K	25x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2267	−0.278%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2275	+0.084%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2276	+0.118%	$1.2M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0108%	8h	0.2268	−0.238%	$59.0M	$126.7M	50x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2271	−0.062%	$39.1M	$59.4M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2268	−0.207%	$23.2M	$158.0M	50x	as long as short
SoDEX ARB-USD	−0.0064%	1h	0.2272	−0.031%	$10K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0049%	8h	0.2272	−0.040%	$13K	$389K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2273	+0.014%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2275	+0.079%	$33K	—	150x	as long as short
Binance ARBUSDT	+0.0024%	8h	0.2269	−0.157%	$67.1M	$310.6M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2270	−0.110%	$366K	$2.5M	25x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2274	+0.038%	$144K	$7K	3x	as long as short
BingX ARB-USDC	+0.0094%	8h	0.2270	−0.114%	—	$6.5M	—	as long as short
BloFin ARB-USDT	+0.0095%	8h	0.2271	−0.066%	$3.2M	$2.9M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2274	+0.057%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2275	+0.084%	$41.2M	$47.2M	10x	as long as short
Aster ARBUSDTlong	+0.0100%	8h	0.2273	long leg	$707K	$1.6M	20x
Pacifica ARB	+0.0100%	1h	0.2274	+0.031%	$45K	$183K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2271	−0.062%	$5.5M	$20.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2271	−0.066%	$19.7M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2269	−0.172%	$21.7M	$35.7M	50x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2269	−0.177%	$41K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2276	+0.136%	$488K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2270	−0.128%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2275	+0.070%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2276	+0.136%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2278	+0.224%	$297K	$976K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2274	+0.048%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0232%	1h	0.2275	+0.097%	$523K	$2.3M	50x
Reya ARBRUSDPERP	+0.0290%	1h	0.2272	−0.047%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0291% / S −0.0179%	1h	0.2274	+0.063%	$910K	—	150x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2279	+0.248%	$517K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0600%	1h	0.2276	+0.114%	$1.0M	$2.8M	20x	as long as short