Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.185%
Price spread now: BloFin against Aster−0.088%92s7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1671.666% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.544%+$54 on $10k
Price spread, last 4 days (all we have)−1.019%−$102 · spread now −0.088%, 7d avg −0.114%
Together, before fees−0.475%+ Points / potential airdropAster: Stage 5 · farm board−$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.026% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.114%. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SUSDT0.041250.0100pay 0.0050% / 4h1h 31m$45K$133K10x
ShortBloFin S-USDT0.041210.0340get 0.0170% / 4h1h 31m$283K$106K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$50.4
Price spread: −0.088% → −0.114%
$2.63
Slippage, 4 orders
−$146.55
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$113.53
Costs to cover
1.666%
Break-even
22.8 days
Slippage from Aster: live order book, 29 min ago; BloFin: live order book, 8 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 Aster live order book, 29 min ago14.80 bp82.8 bp −$83doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 8 min ago2.44 bp20.8 bp −$2152.4 bp −$524doesn't fitdoesn't fit

S on 25 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
01 Exchange SUSD−1.1360%1h0.03940−4.476%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1670%1h0.04115−0.238%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022−2.488%$48K$16K25xas long as short
Variational Omni S−0.0253%4h0.04099−0.629%$637K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04116−0.207%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04121−0.099%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04117−0.183%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−0.597%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0067%4h0.04117−0.185%$102K$331K10xas long as short
Lighter S+0.0096%1h0.04127+0.057%$172K$156K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04124−0.003%$1.0M$554K5xas long as short
Aster SUSDTlong+0.0100%4h0.04125long leg$45K$133K10x
Binance SUSDT+0.0100%4h0.04126+0.033%$5.7M$13.8M75xas long as short
Bybit SUSDT+0.0100%4h0.04121−0.088%$5.9M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04130+0.130%$1.1M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04122−0.064%$339K$200K50xas long as short
MEXC S_USDT+0.0100%4h0.04124−0.015%$4.0M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04119−0.137%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04125+0.009%$1.2M$2.1M50xas long as short
BingX S-USDT+0.0100%4h0.04123−0.040%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04110−0.355%$25K$448K50xas long as short
Extended S-USD+0.0104%1h0.04124−0.026%$234K$1.1M10xas long as short
BloFin S-USDTshort+0.0340%4h0.04121−0.088%$283K$106K75x
Deribit S_USDC-PERPETUAL+0.0722%1h0.04121−0.088%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1623%1h0.04130+0.130%$122K$365K5xas long as short