Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: KuCoin against Aster+0.048%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 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: KuCoin is 0.048% dearer against Aster than usual: you sell high and buy low, +$5 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 NOTUSDT	0.0004991	0.0100	pay 0.0050% / 4h	3h 32m	$14K	$9K	5x
Short	KuCoin NOTUSDTM	0.0004993	0.0100	get 0.0050% / 4h	3h 32m	$472K	$134K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → 0.000%: $4.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 61 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 KuCoin live order book, 61 min ago	10.94 bp	103.6 bp −$104	403.9 bp −$4,039	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.

NOT on 16 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 NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.336%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005001	+0.214%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004990	−0.012%	$336K	$66K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0004991	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0004991	+0.002%	$2.0M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004986	−0.092%	$2.1M	$813K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004991	+0.008%	$640K	$647K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0004990	−0.012%	$140K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0004990	−0.012%	$1.3M	$458K	200x	as long as short
KuCoin NOTUSDTMshort	+0.0100%	4h	0.0004993	+0.048%	$472K	$134K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDT	+0.0100%	4h	0.0004997	+0.128%	$670K	$472K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0004989	−0.032%	—	$8.3M	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0005003	+0.252%	$71K	$38K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0004990	−0.007%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0156%	4h	0.0004992	+0.028%	$108K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1159%	1h	0.0005002	+0.232%	$49K	$5K	10x	as long as short