Funding arb · Price arb /

VIRTUAL

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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 0.000%

Price spread now: Binance against Aster−0.027%7-day average −0.060% · 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−$56as in the Price arb table

costs, in and out, $10k−$600.595% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.027%, 7d avg −0.060%

Together, before fees−0.055%+ Points / potential airdropAster: Stage 5 · farm board−$5 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: Binance is 0.032% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VIRTUALUSDT	0.7155	0.0100	pay 0.0050% / 4h	2h 37m	$194K	$81K	20x
Short	Binance VIRTUALUSDT	0.7153	0.0100	get 0.0050% / 4h	2h 37m	$16.4M	$36.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.060%: $3.22
Slippage, 4 orders: −$41.51
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.3
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from Aster: live order book, 49 min ago; Binance: live order book, 4 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, 49 min ago	6.31 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.70 bp	11.4 bp −$11	24.0 bp −$240	95.7 bp −$9,574	doesn't fit

VIRTUAL on 33 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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0589%	1h	0.7142	−0.181%	$15K	$40K	10x	as long as short
Injective VIRTUAL/USDC PERP	−0.0160%	1h	0.7117	−0.531%	$46	$88K	5.5x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7150	−0.065%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0112%	1h	0.7134	−0.290%	$11K	$45K	5x	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7152	−0.041%	$2K	$131	10x	as long as short
Variational Omni VIRTUAL	+0.0001%	4h	0.7133	−0.313%	$520K	$874K	—	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0004%	1h	0.7145	−0.138%	$12K	—	150x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0082%	4h	0.7143	−0.167%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7145	−0.139%	$325K	$391K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7162	+0.096%	$8.8M	$3.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDTlong	+0.0100%	4h	0.7155	long leg	$194K	$81K	20x
Pacifica VIRTUAL	+0.0100%	1h	0.7150	−0.065%	$74K	$42K	5x	as long as short
Binance VIRTUALUSDTshort	+0.0100%	4h	0.7153	−0.027%	$16.4M	$36.7M	75x
Bybit VIRTUALUSDT	+0.0100%	4h	0.7153	−0.027%	$15.4M	$15.4M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7149	−0.083%	$2.8M	$9.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7154	−0.013%	$1.5M	$2.9M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7149	−0.083%	$17.1M	$4.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7151	−0.055%	$3.1M	$3.9M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7158	+0.042%	$6.1M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7153	−0.027%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7151	−0.055%	$235K	$158K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7134	−0.299%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7138	−0.243%	$632K	$974K	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7147	−0.111%	$41K	$244K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7155	−0.005%	$33K	$783K	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7144	−0.153%	$1K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7140	−0.206%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7147	−0.108%	$53K	$246K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7144	−0.156%	$18K	$505	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0297% / S −0.0228%	1h	0.7146	−0.132%	$30K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7126	−0.405%	$810K	$799K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7152	−0.041%	$195K	$94K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0526%	1h	0.7151	−0.061%	$534K	$539K	50x	as long as short