Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Aster−0.080%7-day average −0.104% · 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−$777as in the Price arb table

costs, in and out, $10k−$7797.794% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.080%, 7d avg −0.104%

Together, before fees+0.056%+ Points / potential airdropAster: Stage 5 · farm board+$6 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: Bitget is 0.023% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.07007	0.0100	pay 0.0050% / 4h	2h 32m	$117K	$47K	5x
Short	Bitget HUSDT	0.07001	0.0100	get 0.0050% / 4h	2h 32m	$1.7M	$450K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.104%: $2.33
Slippage, 4 orders: −$759.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$777.05
Costs to cover: 7.794%
Break-even: never at this rate

Slippage from Aster: live order book, 53 min ago; Bitget: live order book, 4 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, 53 min ago	6.33 bp	208.5 bp −$208	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	8.53 bp	126.2 bp −$126	483.5 bp −$4,835	doesn't fit	doesn't fit

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−10.799%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0050%	4h	0.07009	+0.034%	$597K	$114K	25x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.07007	long leg	$117K	$47K	5x
Binance HUSDT	+0.0100%	4h	0.07024	+0.245%	$15.1M	$10.3M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07015	+0.114%	$7.7M	$4.4M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07023	+0.234%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07010	+0.048%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07025	+0.262%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07018	+0.162%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.07001	−0.080%	$1.7M	$450K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06997	−0.137%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07029	+0.323%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07041	+0.489%	$1.2M	$478K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07017	+0.150%	$11K	$107K	5x	as long as short