Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.006%

Price spread now: Aster against Binance+0.024%7-day average — · you sell dearer than you buy

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

Long on Binance 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

The price spread pays, funding is against you. Aster is 0.024% dearer against Binance than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MTLUSDT	0.3100	0.0100	pay 0.0050% / 4h	2h 28m	$1.8M	$3.5M	50x
Short	Aster MTLUSDT	0.3101	−0.0132	pay 0.0017% / 1h	28m 59s	$2K	$8K	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 +0.024%Rate

Funding earned: −$48.75
Price spread: +0.024% → 0.000%: $2.37
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$64.38
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	3.22 bp	31.4 bp −$31	198.6 bp −$1,986	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.

MTL on 9 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
Aster MTLUSDTshort	−0.0132%	1h	0.3101	+0.024%	$2K	$8K	5x
BingX MTL-USDT	+0.0036%	4h	0.3097	−0.098%	—	$1.3M	—	as long as short
BloFin MTL-USDT	+0.0083%	4h	0.3100	−0.002%	$119K	$5K	50x	as long as short
Binance MTLUSDTlong	+0.0100%	4h	0.3100	long leg	$1.8M	$3.5M	50x
Gate MTL_USDT	+0.0100%	4h	0.3100	−0.002%	$166K	$37K	25x	as long as short
MEXC MTL_USDT	+0.0100%	4h	0.3100	−0.002%	$269K	$134K	50x	as long as short
KuCoin MTLUSDTM	+0.0100%	4h	0.3099	−0.034%	$658K	$25K	30x	as long as short
Bitget MTLUSDT	+0.0100%	4h	0.3101	+0.031%	$343K	$94K	25x	as long as short
Bybit MTLUSDT	+0.1403%	8h	0.3094	−0.195%	$1.0M	$688K	25x	as long as short