Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.077%

Price spread now: Aster against KuCoin+0.172%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$381as in the Price arb table

costs, in and out, $10k−$3863.857% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.259%−$26 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.172%, 7d avg +0.126%

Together, before fees−0.151%+ Points / potential airdropAster: Stage 5 · farm board−$15 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: Aster is 0.046% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.04026	0.0100	pay 0.0050% / 4h	1h 02m	$1.8M	$2.8M	50x
Short	Aster SUSDT	0.04033	0.0100	get 0.0050% / 4h	1h 02m	$48K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → +0.126%: $4.64
Slippage, 4 orders: −$365.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$381.05
Costs to cover: 3.857%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Aster: live order book, 38 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 KuCoin live order book, 4 min ago	4.97 bp	97.8 bp −$98	581.2 bp −$5,812	doesn't fit	doesn't fit
Sell Aster live order book, 38 min ago	14.78 bp	37.0 bp −$37	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	−0.7600%	1h	0.03940	−2.136%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2395%	1h	0.04026	−0.006%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.615%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04032	+0.144%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04031	+0.127%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04025	−0.029%	$620	—	150x	as long as short
Variational Omni S	+0.0010%	4h	0.04022	−0.092%	$625K	$22K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.838%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0086%	4h	0.04032	+0.149%	$100K	$587K	10x	as long as short
Lighter S	+0.0096%	1h	0.04035	+0.224%	$172K	$139K	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	0.04032	+0.139%	$1.0M	$579K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.04033	+0.172%	$48K	$110K	10x
Binance SUSDT	+0.0100%	4h	0.04031	+0.134%	$5.7M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04027	+0.025%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04028	+0.050%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04025	−0.025%	$327K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04030	+0.099%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04026	long leg	$1.8M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04033	+0.174%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04030	+0.099%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04030	+0.099%	$23K	$487K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04029	+0.065%	$227K	$498K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04034	+0.199%	$280K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0742%	1h	0.04036	+0.248%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1758%	1h	0.04040	+0.348%	$117K	$426K	5x	as long as short