Funding arb · Price arb /

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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 +0.001%

Price spread now: Orderly against Aster−0.145%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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: Orderly is 0.145% cheaper against Aster than usual: you would sell low and buy high, −$14 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 FETUSDT	0.1993	0.0100	pay 0.0100% / 8h	1h 34m	$189K	$817K	10x
Short	Orderly PERP_FET_USDC	0.1990	0.0100	get 0.0100% / 8h	1h 34m	$37K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → 0.000%: −$14.45
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.45
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 9 min ago; Orderly: 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 live order book, 9 min ago	12.52 bp	16.5 bp −$17	180.6 bp −$1,806	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

FET on 20 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
Deribit FET_USDC-PERPETUAL	−0.5245%	1h	0.1991	−0.094%	$41K	$312K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0688%	1h	0.1997	+0.207%	$150K	$260K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.1991	−0.079%	$20K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+0.859%	$3K	$166K	12x	as long as short
Aster FETUSDTlong	+0.0100%	8h	0.1993	long leg	$189K	$817K	10x
Gate FET_USDT	+0.0100%	8h	0.1990	−0.145%	$2.6M	$12.8M	50x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.1991	−0.094%	$10.4M	$18.4M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.1991	−0.087%	$283K	$491K	—	as long as short
Orderly PERP_FET_USDCshort	+0.0100%	8h	0.1990	−0.145%	$37K	$7K	10x
Extended FET-USD	+0.0104%	1h	0.1992	−0.068%	$33K	$201K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FET_USDT	+0.0104%	8h	0.1991	−0.094%	$29.1M	$25.2M	200x	as long as short
Binance FETUSDT	+0.0106%	8h	0.1992	−0.044%	$30.3M	$114.9M	75x	as long as short
Bitget FETUSDT	+0.0189%	8h	0.1991	−0.094%	$16.2M	$11.9M	75x	as long as short
BingX FET-USDT	+0.0190%	8h	0.1993	+0.006%	—	$5.9M	—	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.1991	−0.079%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0224%	8h	0.1990	−0.145%	$1.7M	$3.2M	100x	as long as short
OKX FET-USDT-SWAP	+0.0423%	4h	0.1993	+0.006%	$982K	$8.1M	20x	as long as short
Hyperliquid FET	+0.0579%	1h	0.1993	+0.001%	$8.4M	$8.5M	5x	as long as short
Phoenix FET	+0.0635%	1h	0.1998	+0.262%	$35K	$38K	5x	as long as short
Kraken Futures PF_FETUSD	+0.0652%	1h	0.1995	+0.086%	$1.0M	$2.1M	50x	as long as short