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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin−0.023%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aster

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: Aster is 0.023% cheaper against KuCoin than usual: you would sell low and buy high, −$2 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	KuCoin IOUSDTM	0.1520	0.0100	pay 0.0050% / 4h	1h 09m	$356K	$657K	50x
Short	Aster IOUSDT	0.1520	0.0100	get 0.0050% / 4h	1h 09m	$24K	$49K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → 0.000%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 15 min ago; Aster: 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 KuCoin live order book, 15 min ago	3.29 bp	99.3 bp −$99	527.0 bp −$5,270	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

IO 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 IO/USDC PERP	−0.0430%	1h	0.1530	+0.658%	$2K	$202	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1518	−0.132%	$1.0M	$376K	3x	as long as short
Aster IOUSDTshort	+0.0100%	4h	0.1520	−0.023%	$24K	$49K	5x
Binance IOUSDT	+0.0100%	4h	0.1518	−0.132%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1516	−0.283%	$1.1M	$914K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1517	−0.217%	$234K	$565K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1516	−0.263%	$1.2M	$229K	125x	as long as short
KuCoin IOUSDTMlong	+0.0100%	4h	0.1520	long leg	$356K	$657K	50x
Bitget IOUSDT	+0.0100%	4h	0.1519	−0.066%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1516	−0.263%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1520	+0.013%	$33K	$13K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1518	−0.156%	$2K	$130K	5x	as long as short
BloFin IO-USDT	+0.0148%	4h	0.1519	−0.066%	$193K	$39K	50x	as long as short
Kraken Futures PF_IOUSD	+2.3404%	1h	0.1518	−0.160%	$39K	$18K	10x	as long as short