Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1436%/8h= −157.2% APRpaid last 24h −0.506%

Price spread now: Coinbase International against Aster−3.033%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Coinbase International

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

Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Coinbase International is 3.033% cheaper against Aster than usual: you would sell low and buy high (−$303 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03946	0.0100	pay 0.0050% / 4h	50m 47s	$43K	$145K	10x
Short	Coinbase International S-PERP-INTX	0.03826	−0.1336	pay 0.0167% / 1h	50m 47s	$47K	$5K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −3.033%Rate

Funding earned: −$301.56
Price spread: −3.033% → 0.000%: −$303.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$622.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 26 min ago; Coinbase International: 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 Aster live order book, 26 min ago	8.98 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

S on 25 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
01 Exchange SUSD	−0.6832%	1h	0.03850	−2.424%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2118%	1h	0.03938	−0.188%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTXshort	−0.1336%	1h	0.03826	−3.033%	$47K	$5K	25x
Variational Omni S	−0.0974%	4h	0.03933	−0.322%	$610K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0200% / S +0.0193%	1h	0.03936	−0.240%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03932	−0.340%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03936	−0.241%	$607	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.912%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0033%	4h	0.03936	−0.245%	$100K	$342K	10x	as long as short
Lighter S	+0.0096%	1h	0.03943	−0.067%	$165K	$217K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03941	−0.113%	$988K	$700K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.03946	long leg	$43K	$145K	10x
Binance SUSDT	+0.0100%	4h	0.03950	+0.111%	$5.4M	$17.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03944	−0.042%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03948	+0.059%	$986K	$5.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03944	−0.042%	$322K	$258K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03950	+0.110%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03949	+0.085%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03951	+0.135%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03948	+0.059%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	−0.397%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03947	+0.034%	$222K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0258%	1h	0.03940	−0.143%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03932	−0.346%	$265K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0401%	1h	0.03940	−0.143%	$115K	$307K	5x	as long as short