Settings8H · net · $10k
Funding arb · Price arb /

UB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0490%/8h= +53.6% APRnext payment +$2.45 per $10,000 · paid last 24h +0.116%
Price spread now: Aster against KuCoin+0.302%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$308as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$3303.302% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.219%+$22 on $10k
Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.302%, 7d avg +0.112%
Together, before fees+0.053%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Aster is 0.190% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.112%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.219% in total (about 11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin UBUSDTM0.14880.0100pay 0.0050% / 4h3h 25m$1.0M$1.1M20x
ShortAster UBUSDT0.14920.0590get 0.0295% / 4h3h 25m$405K$160K5x

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

Funding earned
$102.83
Price spread: +0.302% → +0.112%
$19.01
Slippage, 4 orders
−$310.2
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$208.37
Costs to cover
3.302%
Break-even
21.2 days
Slippage from KuCoin: live order book, 5 min ago; Aster: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago9.93 bp161.3 bp −$161doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 27 min ago10.43 bp28.5 bp −$28doesn't fitdoesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin UB-USDT+0.0098%4h0.1491+0.215%$159K$854K50xas long as short
Binance UBUSDT+0.0100%4h0.1494+0.395%$3.1M$16.0M50xas long as short
Bybit UBUSDT+0.0100%4h0.1490+0.155%$979K$2.5M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1494+0.396%$1.4M$14.1M20xas long as short
Gate UB_USDT+0.0100%4h0.1485−0.155%$1.5M$3.5M25xas long as short
MEXC UB_USDT+0.0100%4h0.1493+0.363%$733K$664K100xas long as short
KuCoin UBUSDTMlong+0.0100%4h0.1488long leg$1.0M$1.1M20x
Bitget UBUSDT+0.0100%4h0.1492+0.269%$2.4M$3.3M50xas long as short
BingX UB-USDT+0.0100%4h0.1494+0.396%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1490+0.169%$425$8Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX UBUSDC+0.0100%4h0.1489+0.105%$38K$268K10xas long as short
HTX UB-USDT+0.0100%4h0.1492+0.309%$16K$279K20xas long as short
Extended UB-USD+0.0104%1h0.1493+0.334%$2K$172K5xas long as short
Aster UBUSDTshort+0.0590%4h0.1492+0.302%$405K$160K5x