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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Aster−0.078%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1301.295% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)+1.962%+$196 · spread now −0.078%, 7d avg +0.030%
Together, before fees+2.030%+ Points / potential airdropAster: Stage 5 · farm board+$203 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.108% cheaper against Aster than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.030%). If the spread goes back, that is −$11 on $10k: about 8.4 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster COINUSDT195.650get 0.0000% / 8h7h 42m$341K$890K20x
ShortBinance COINUSDT195.490.0043get 0.0043% / 8h7h 42m$14.9M$81.7M20x

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

Funding earned
$9.06
Price spread: −0.078% → +0.030%
−$10.82
Slippage, 4 orders
−$111.53
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$131.29
Costs to cover
1.295%
Break-even
108.4 days
Slippage from Aster: live order book, 56 min ago; Binance: live order book, 15 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 Aster live order book, 56 min ago44.29 bp48.3 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 15 min ago0.25 bp7.1 bp −$714.6 bp −$14669.5 bp −$6,950doesn't fit

COIN on 26 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
Injective COIN/USDC PERP−0.0440%1h195.19−0.233%$43K$40K30xas long as short
Bitget COINUSDT−0.0176%8h195.61−0.018%$6.3M$10.4M20xas long as short
Vest COIN-USD-PERP−0.0056%1h195.04−0.310%$326K25xas long as short
Aster COINUSDTlong0.0000%8h195.65long leg$341K$890K20x
Bybit COINUSDT0.0000%8h195.47−0.090%$4.7M$6.1M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h195.45−0.100%$3.0M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h195.54−0.054%$1.2M$6.8M50xas long as short
Variational Omni COIN0.0000%8h195.75+0.054%$660K$1.0Mas long as short
GRVT COIN_USDT_Perp0.0000%8h195.70+0.029%$14K$2.9M10xas long as short
Lighter COIN+0.0032%1h195.41−0.121%$360K$2.0M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH COIN+0.0032%1h195.44−0.105%$468K$1.3M10xas long as short
Extended COIN_24_5-USD+0.0040%1h195.44−0.105%$106K$860K10xas long as short
Arcus COIN-USD+0.0040%1h195.69+0.022%$17K$57K5xas long as short
Binance COINUSDTshort+0.0043%8h195.49−0.078%$14.9M$81.7M20x
QFEX COIN-USD+0.0047%1h195.43−0.110%$1.3M$2.8M10xas long as short
tradeXYZ xyz:COIN+0.0050%1h195.38−0.136%$15.1M$12.8M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h195.41−0.121%$134K$1.4M10xas long as short
SoDEX COIN-USD+0.0050%1h195.45−0.100%$76$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h195.19−0.233%$437K$2.5M10xas long as short
KuCoin COINUSDTM+0.0100%8h195.47−0.090%$984K$174K20xas long as short
ApeX Omni COINUSDT+0.0100%1h195.57−0.039%$88K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h195.49−0.080%$565$4K10xas long as short
Aevo COIN-PERP+0.0104%1h195.43−0.111%$11510xas long as short
Phoenix COIN+0.0164%1h195.65+0.002%$4K$283K10xas long as short
BloFin COIN-USDT+0.0166%8h195.52−0.064%$186K$474K20xas long as short
edgeX COINUSDC+0.0281%4h195.72+0.036%$50K$296K10xas long as short