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Funding arb · Price arb /

PTB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 12:00 UTC+0.0238%/8h= +26.1% APRnext payment +$1.19 per $10,000 · paid last 24h +0.022%
Price spread now: Aster against BloFin−0.236%7-day average −0.086% · 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−$118as in the Price arb table
costs, in and out, $10k−$1031.026% of the position
Long on BloFinShort on Aster
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.096%+$10 on $10k
Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.236%, 7d avg −0.086%
Together, before fees+0.269%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.150% cheaper against BloFin than usual: you would sell low and buy high (spread −0.236% now, against its 7-day average of −0.086%). If the spread goes back, that is −$15 on $10k: about 2.1 days of funding at the current rate (+$7 a day). At the pace of the last 6 days (+0.096% in total) that is about 8.9 days.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.096% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PTB-USDT0.00097470.0388pay 0.0194% / 4h3h 45m$388K$291K20x
ShortAster PTBUSDT0.00097240.0626get 0.0313% / 4h3h 45m$68K$653K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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

Funding earned
$50.05
Price spread: −0.236% → −0.086%
−$15.01
Slippage, 4 orders
−$82.65
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$67.61
Costs to cover
1.026%
Break-even
16.5 days
Slippage from BloFin: live order book, 30 min ago; Aster: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 30 min ago0.52 bp14.5 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 33 min ago8.42 bp25.8 bp −$26261.5 bp −$2,615doesn't fitdoesn't fit

PTB on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PTBUSDT+0.0100%4h0.0009715−0.328%$1.4M$14.1M25xas long as short
Variational Omni PTB+0.0100%4h0.0009724−0.232%$26K$62K—as long as short
BingX PTB-USDT+0.0365%4h0.0009720−0.277%—$1.9M—as long as short
MEXC PTB_USDT+0.0374%4h0.0009717−0.308%$298K$504K20xas long as short
Binance PTBUSDT+0.0383%4h0.0009720−0.281%$6.7M$83.7M20xas long as short
Extended kPTB-USD+0.0384%1h0.0009709−0.386%$3K$16K5xas long as short
BloFin PTB-USDTlong+0.0388%4h0.0009747long leg$388K$291K20x
Aster PTBUSDTshort+0.0626%4h0.0009724−0.236%$68K$653K5x
Gate PTB_USDT+0.0686%4h0.0009713−0.349%$1.6M$3.4M25xas long as short
KuCoin PTBUSDTM+0.0820%4h0.0009705−0.431%$1.4M$5.8M20xas long as short