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 +0.003%

Price spread now: Gate against Aster+0.028%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Gate

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: Gate is 0.028% dearer against Aster than usual: you sell high and buy low, +$3 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 LAYERUSDT	0.07715	0.0100	pay 0.0050% / 4h	1h 18m	$10K	$4K	5x
Short	Gate LAYER_USDT	0.07717	0.0100	get 0.0050% / 4h	1h 18m	$139K	$50K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.17
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 36 min ago. 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 no order-book sample	—	—	—	—	—
Sell Gate live order book, 36 min ago	16.92 bp	95.3 bp −$95	doesn't fit	doesn't fit	doesn't fit

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.

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0417%	1h	0.07712	−0.036%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.714%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0087%	4h	0.07725	+0.132%	$116K	$14K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07722	+0.093%	$600K	$167K	3x	as long as short
Aster LAYERUSDTlong	+0.0100%	4h	0.07715	long leg	$10K	$4K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07710	−0.057%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07697	−0.231%	$722K	$740K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07717	+0.028%	$139K	$50K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07711	−0.049%	$342K	$118K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07705	−0.127%	$1.1M	$165K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07712	−0.036%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07710	−0.062%	$25K	$187K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07708	−0.084%	$746	$170K	5x	as long as short