Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.029%

Price spread now: Aster against gTrade (Gains Network)−0.162%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Aster is 0.162% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) S/USD	0.04280	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	47m 47s	$660	—	150x
Short	Aster SUSDT	0.04273	0.0100	get 0.0050% / 4h	3h 47m	$46K	$175K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.162%Rate

Funding earned: $20.88
Price spread: −0.162% → 0.000%: −$16.24
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.36
Costs to cover: 0.180%
Break-even: 11.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 48 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 48 min ago	7.29 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit

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	−0.2658%	1h	0.04269	−0.267%	$35K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04238	−0.982%	$52K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04281	+0.021%	$2K	—	100x	as long as short
Variational Omni S	−0.0114%	4h	0.04280	−0.005%	$660K	$7K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04281	+0.025%	$4	—	15x	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.04280	long leg	$660	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	−4.206%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0077%	4h	0.04280	0.000%	$106K	$619K	10x	as long as short
Lighter S	+0.0096%	1h	0.04279	−0.024%	$184K	$99K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04269	−0.269%	$1.1M	$710K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDTshort	+0.0100%	4h	0.04273	−0.162%	$46K	$175K	10x
Binance SUSDT	+0.0100%	4h	0.04265	−0.351%	$6.2M	$16.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04265	−0.351%	$6.1M	$4.8M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04261	−0.444%	$1.2M	$4.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04268	−0.281%	$357K	$216K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04265	−0.351%	$4.4M	$2.2M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04268	−0.281%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04273	−0.164%	$1.3M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04266	−0.328%	—	$6.9M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.04280	0.000%	$101K	$472K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04280	0.000%	$25K	$507K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04265	−0.347%	$236K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04268	−0.281%	$314K	$121K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0451%	1h	0.04284	+0.093%	$72K	$10K	10x	as long as short
01 Exchange SUSD	+0.5304%	1h	0.04360	+1.869%	$27K	$2K	5x	as long as short