Funding you earn now, next payment 04:00 UTC−0.0317%/8h= −34.7% APRnext payment −$1.58 per $10,000 · paid last 24h −0.032%
Price spread now: Aster against BingX−0.137%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−$245as in the Price arb table
costs, in and out, $10k−$2312.311% of the position
Funding, last 5 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.508%+$51 · spread now −0.137%, 7d avg +0.005%
=Together, before fees+0.484%+ Points / potential airdropAster: Stage 5 · farm board+$48 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.142% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.024% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX M-USDT | 1.4414 | 0.1660 | pay 0.0830% / 4h | 3h 13m | — | $2.4M | — |
| Short | Aster MUSDT | 1.4394 | 0.1343 | get 0.0672% / 4h | 3h 13m | $15K | $116K | 5x |
BingX M-USDT
Aster MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.52
- Price spread: −0.137% → +0.005%
- −$14.21
- Slippage, 4 orders
- −$213.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$311.81
- Costs to cover
- 2.311%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Aster: live order book, 57 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 BingX live order book, 6 min ago | 7.99 bp | 17.1 bp −$17 | 54.4 bp −$544 | doesn't fit | doesn't fit |
| Sell Aster live order book, 57 min ago | 15.24 bp | 106.6 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4420 | +0.042% | $4.5M | $2.1M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4388 | −0.180% | $1.9M | $888K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4419 | +0.033% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4437 | +0.160% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4448 | +0.236% | $2K | $650K | 20x | as long as short |
| Bitget MUSDT | +0.0304% | 4h | 1.4418 | +0.028% | $1.9M | $262K | 10x | as long as short |
| Aster MUSDTshort | +0.1343% | 4h | 1.4394 | −0.137% | $15K | $116K | 5x | |
| BingX M-USDTlong | +0.1660% | 4h | 1.4414 | long leg | — | $2.4M | — | |
| MEXC M_USDT | +0.1750% | 4h | 1.4424 | +0.069% | $242K | $113K | 50x | as long as short |
| BloFin M-USDT | +0.1768% | 4h | 1.4435 | +0.146% | $354K | $430K | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
MEXC M_USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.1770% | 4h | 1.4416 | +0.014% | $5.5M | $4.2M | 10x | as long as short |
| KuCoin MUSDTM | +0.3528% | 4h | 1.4264 | −1.043% | $1.4M | $4.1M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM