Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.095%

Price spread now: gTrade (Gains Network) against Aster+0.081%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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. gTrade (Gains Network) is 0.081% dearer against Aster than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03926	0.0021	pay 0.0011% / 4h	2h 10m	$43K	$212K	10x
Short	gTrade (Gains Network) S/USD	0.03930	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	10m 22s	$606	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.081%Rate

Funding earned: −$5.75
Price spread: +0.081% → 0.000%: $8.11
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$15.63
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 11 min ago; gTrade (Gains Network): 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, 11 min ago	10.19 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_SUSD	−0.1453%	1h	0.03928	+0.032%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.556%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0889%	4h	0.03922	−0.113%	$610K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0191% / S +0.0185%	1h	0.03930	+0.085%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03927	+0.012%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0008%	4h	0.03927	+0.016%	$100K	$345K	10x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03930	+0.081%	$606	—	150x
Aster SUSDTlong	+0.0021%	4h	0.03926	long leg	$43K	$212K	10x
01 Exchange SUSD	+0.0032%	1h	0.03930	+0.092%	$24K	$3K	5x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.422%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03930	+0.092%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03927	+0.016%	$993K	$901K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03926	+0.003%	$5.4M	$23.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03921	−0.137%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03927	+0.016%	$980K	$7.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03920	−0.162%	$320K	$293K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03926	−0.010%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03923	−0.086%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03928	+0.041%	$1.2M	$2.9M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03926	−0.010%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	+0.347%	$25K	$471K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03926	−0.002%	$221K	$883K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0259%	1h	0.03932	+0.143%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03930	+0.092%	$268K	$159K	75x	as long as short
Backpack S_USDC_PERP	+0.0467%	1h	0.03940	+0.347%	$115K	$295K	5x	as long as short