Funding arb · Price arb /

ASTS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.013%

Price spread now: Bitget against QFEX+0.080%7-day average +0.044% · 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−$47as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.022%−$2 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.080%, 7d avg +0.044%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.037% dearer against QFEX than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.044%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 4 days (−0.022% in total) that is about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ASTS-USD	62.200	0.0080	pay 0.0010% / 1h	19m 17s	$1.1M	$2.0M	10x
Short	Bitget ASTSUSDT	62.250	0	get 0.0000% / 8h	4h 19m	$1.2M	$355K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$16.8
Price spread: +0.080% → +0.044%: $3.68
Slippage, 4 orders: −$28.96
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.08
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Bitget: 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 QFEX live order book, 3 min ago	2.41 bp	9.2 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.01 bp	20.0 bp −$20	149.6 bp −$1,496	doesn't fit	doesn't fit

ASTS on 15 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
Aster ASTSUSDT	0.0000%	8h	62.212	+0.019%	$13K	$28K	20x	as long as short
Bybit ASTSUSDT	0.0000%	8h	62.210	+0.016%	$706K	$376K	25x	as long as short
OKX ASTS-USDT-SWAP	0.0000%	8h	62.300	+0.161%	$754K	$749K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	62.240	+0.064%	$1.7M	$1.2M	25x	as long as short
Bitget ASTSUSDTshort	0.0000%	8h	62.250	+0.080%	$1.2M	$355K	20x
SunX ASTS-USDT	0.0000%	8h	62.280	+0.129%	$891	$725K	10x	as long as short
HTX ASTS-USDT	0.0000%	8h	62.290	+0.145%	$5K	$3K	20x	as long as short
BloFin ASTS-USDT	+0.0031%	8h	62.300	+0.161%	$45K	$8K	20x	as long as short
Lighter RH ASTS	+0.0032%	1h	62.276	+0.122%	$9K	$30K	10x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	62.220	+0.032%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTSUSDT	+0.0056%	8h	62.291	+0.146%	$2.7M	$4.2M	20x	as long as short
Extended ASTS-USD	+0.0056%	1h	62.275	+0.120%	$9K	$232K	10x	as long as short
QFEX ASTS-USDlong	+0.0080%	1h	62.200	long leg	$1.1M	$2.0M	10x
KuCoin ASTSUSDTM	+0.0100%	8h	62.220	+0.032%	$282K	$56K	20x	as long as short
GRVT ASTS_USDT_Perp	+0.0151%	8h	62.270	+0.113%	$961	$166K	10x	as long as short