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 0.000%

Price spread now: Aster against Binance+0.081%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$417as in the Price arb table

costs, in and out, $10k−$4324.321% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.081%, 7d avg −0.069%

Together, before fees−0.246%+ Points / potential airdropAster: Stage 5 · farm board−$25 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: Aster is 0.151% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06717	0.0100	pay 0.0050% / 4h	1h 35m	$14.4M	$11.1M	10x
Short	Aster HUSDT	0.06722	0.0100	get 0.0050% / 4h	1h 35m	$110K	$56K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.069%: $15.06
Slippage, 4 orders: −$414.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$417.08
Costs to cover: 4.321%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Aster: live order book, 26 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 Binance live order book, 5 min ago	0.74 bp	26.7 bp −$27	315.9 bp −$3,159	doesn't fit	doesn't fit
Sell Aster live order book, 26 min ago	3.68 bp	290.3 bp −$290	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	−6.949%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0049%	4h	0.06720	+0.048%	$581K	$110K	25x	as long as short
KuCoin HUSDTM	+0.0050%	4h	0.06711	−0.086%	$1.6M	$10.0M	8x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06722	+0.081%	$110K	$56K	5x
Binance HUSDTlong	+0.0100%	4h	0.06717	long leg	$14.4M	$11.1M	10x
Bybit HUSDT	+0.0100%	4h	0.06697	−0.294%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06716	−0.011%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06717	+0.003%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06716	−0.011%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06688	−0.428%	$1.7M	$461K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06710	−0.101%	—	$2.8M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06707	−0.150%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06707	−0.144%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06708	−0.138%	$10K	$101K	5x	as long as short