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 −0.088%

Price spread now: Aster against MEXC+0.135%7-day average +0.057% · 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−$107as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.252%−$25 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.135%, 7d avg +0.057%

Together, before fees−0.206%+ Points / potential airdropAster: Stage 5 · farm board−$21 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 0.078% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.03995	0.0100	pay 0.0050% / 4h	3h 49m	$3.7M	$1.7M	200x
Short	Aster SUSDT	0.04000	0.0100	get 0.0050% / 4h	3h 49m	$49K	$140K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.057%: $7.79
Slippage, 4 orders: −$103.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.49
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Aster: live order book, 2 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 MEXC live order book, 2 min ago	2.50 bp	4.9 bp −$5	72.7 bp −$727	265.9 bp −$26.6K	doesn't fit
Sell Aster live order book, 2 min ago	13.72 bp	33.8 bp −$34	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
Kraken Futures PF_SUSD	−0.2230%	1h	0.03995	+0.012%	$33K	$13K	10x	as long as short
01 Exchange SUSD	−0.1528%	1h	0.03970	−0.626%	$25K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03928	−1.677%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04001	+0.150%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04001	+0.141%	$4	—	15x	as long as short
Variational Omni S	−0.0028%	4h	0.03997	+0.045%	$620K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04001	+0.151%	$617	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.628%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0076%	4h	0.04000	+0.125%	$99K	$269K	10x	as long as short
Lighter S	+0.0096%	1h	0.03999	+0.100%	$168K	$156K	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	0.03997	+0.050%	$1.0M	$595K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.04000	+0.135%	$49K	$140K	10x
Binance SUSDT	+0.0100%	4h	0.03996	+0.025%	$5.6M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03985	−0.250%	$5.7M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03991	−0.100%	$1.0M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03991	−0.100%	$326K	$189K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.03995	long leg	$3.7M	$1.7M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03996	+0.025%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03995	0.000%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03991	−0.100%	—	$6.8M	—	as long as short
Extended S-USD	+0.0104%	1h	0.03992	−0.084%	$225K	$1.1M	10x	as long as short
ApeX Omni SUSDT	+0.0287%	1h	0.04000	+0.125%	$24K	$461K	50x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03998	+0.075%	$268K	$103K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1001%	1h	0.04003	+0.200%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2112%	1h	0.04010	+0.375%	$117K	$424K	5x	as long as short