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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 −0.003%

Price spread now: Aster against Bitget−0.043%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 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	Bitget LAYERUSDT	0.07578	0.0100	pay 0.0050% / 4h	2h 40m	$1.1M	$161K	50x
Short	Aster LAYERUSDT	0.07575	0.0100	get 0.0050% / 4h	2h 40m	$9K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee AsterbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → 0.000%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.28
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, just now; 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 Bitget live order book, just now	4.62 bp	28.6 bp −$29	186.9 bp −$1,869	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.

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	−0.0468%	1h	0.07578	+0.004%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.012%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07586	+0.107%	$583K	$162K	3x	as long as short
Aster LAYERUSDTshort	+0.0100%	4h	0.07575	−0.043%	$9K	$2K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07576	−0.026%	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07573	−0.066%	$697K	$640K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07573	−0.066%	$135K	$54K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07577	−0.013%	$349K	$114K	20x	as long as short
Bitget LAYERUSDTlong	+0.0100%	4h	0.07578	long leg	$1.1M	$161K	50x
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07570	−0.106%	$25K	$187K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LAYER-USDT	+0.0102%	4h	0.07571	−0.092%	$113K	$12K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07574	−0.051%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0142%	4h	0.07581	+0.040%	—	$1.6M	—	as long as short