Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Aster−0.145%7-day average +0.005% · 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−$1,101as in the Price arb table

costs, in and out, $10k−$1,08610.860% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.145%, 7d avg +0.005%

Together, before fees+0.161%+ Points / potential airdropAster: Stage 5 · farm board+$16 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: KuCoin is 0.150% cheaper against Aster than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.07071	0.0100	pay 0.0050% / 4h	3h 27m	$117K	$55K	5x
Short	KuCoin HUSDTM	0.07061	0.0100	get 0.0050% / 4h	3h 27m	$1.6M	$9.9M	8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → +0.005%: −$15
Slippage, 4 orders: −$1,065.98
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,100.98
Costs to cover: 10.860%
Break-even: never at this rate

Slippage from Aster: live order book, 43 min ago; KuCoin: 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, 43 min ago	6.40 bp	54.9 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.55 bp	345.6 bp −$346	doesn't fit	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	−11.614%	$1K	$1	5.5x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.07071	long leg	$117K	$55K	5x
Binance HUSDT	+0.0100%	4h	0.07081	+0.138%	$15.2M	$10.7M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07080	+0.124%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07085	+0.195%	$1.8M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07060	−0.159%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07070	−0.017%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.07061	−0.145%	$1.6M	$9.9M	8x
Bitget HUSDT	+0.0100%	4h	0.07065	−0.088%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07077	+0.082%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07066	−0.068%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07073	+0.026%	$1.2M	$449K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07079	+0.115%	$9K	$102K	5x	as long as short
BloFin H-USDT	+0.0158%	4h	0.07057	−0.201%	$598K	$118K	25x	as long as short