Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.127%

Price spread now: Gate against Aster−0.221%7-day average −0.114% · 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−$223as in the Price arb table

costs, in and out, $10k−$2122.125% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.221%, 7d avg −0.114%

Together, before fees+0.234%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.106% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.03944	0.0100	pay 0.0050% / 4h	56m 20s	$43K	$145K	10x
Short	Gate S_USDT	0.03935	0.0100	get 0.0050% / 4h	56m 20s	$321K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → −0.114%: −$10.64
Slippage, 4 orders: −$189.46
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$223.1
Costs to cover: 2.125%
Break-even: never at this rate

Slippage from Aster: live order book, 20 min ago; Gate: live order book, 19 min ago.

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, 20 min ago	8.98 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 19 min ago	5.13 bp	79.4 bp −$79	doesn't fit	doesn't fit	doesn't fit

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	−0.6672%	1h	0.03840	−2.630%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2123%	1h	0.03929	−0.380%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.985%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0969%	4h	0.03905	−0.969%	$608K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0199% / S +0.0192%	1h	0.03945	+0.025%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03941	−0.063%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03945	+0.022%	$608	—	150x	as long as short
Orderly PERP_S_USDC	+0.0032%	4h	0.03945	+0.033%	$100K	$342K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.963%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03946	+0.058%	$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	0.03943	−0.005%	$988K	$714K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.03944	long leg	$43K	$145K	10x
Binance SUSDT	+0.0100%	4h	0.03943	−0.015%	$5.4M	$17.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03937	−0.170%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03943	−0.018%	$983K	$5.3M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.03935	−0.221%	$321K	$258K	50x
MEXC S_USDT	+0.0100%	4h	0.03942	−0.043%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03938	−0.145%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03945	+0.033%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03938	−0.145%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.601%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03940	−0.081%	$221K	$877K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03928	−0.398%	$265K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0413%	1h	0.03940	−0.094%	$115K	$302K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0513%	1h	0.03937	−0.170%	$66K	$10K	10x	as long as short