Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Derive against Aster−0.231%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.231% cheaper against Aster than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CCUSDT	0.1168	0.0100	pay 0.0050% / 4h	51m 35s	$34K	$32K	20x
Short	Derive CC-PERP	0.1165	0.0100	get 0.0013% / 1h	51m 35s	$6K	$35K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.231%Rate

Funding earned: $0
Price spread: −0.231% → 0.000%: −$23.12
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$37.12
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Derive: no order-book sample. 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 Aster no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Aster and Derive: 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.

CC on 19 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 CC/USDC PERP	−0.3024%	1h	0.1180	+1.057%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0147%	4h	0.1166	−0.125%	$10.6M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0146%	4h	0.1166	−0.151%	$1.7M	$323K	100x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1166	−0.132%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1168	−0.005%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDTlong	+0.0100%	4h	0.1168	long leg	$34K	$32K	20x
Binance CCUSDT	+0.0100%	4h	0.1165	−0.194%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1167	−0.091%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1166	−0.160%	$361K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1168	+0.020%	$481K	$122K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1167	−0.074%	$913K	$772K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1167	−0.100%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1166	−0.177%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1168	+0.042%	$594K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1168	+0.002%	$90K	$2.4M	10x	as long as short
Derive CC-PERPshort	+0.0100%	1h	0.1165	−0.231%	$6K	$35K	6.7x
BloFin CC-USDT	+0.0340%	4h	0.1166	−0.125%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1167	−0.083%	$43K	—	50x	as long as short
Lighter CC	+0.0888%	1h	0.1171	+0.312%	$242K	$160K	5x	as long as short