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

COIN

RWAall COIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.053%
Price spread now: BloFin against Aster+0.140%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.302%+$30 on $10k
Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.140%, 7d avg −0.002%
Together, before fees+0.056%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.142% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster COINUSDT196.180get 0.0000% / 8h2h 46m$342K$890K20x
ShortBloFin COIN-USDT196.460.0120get 0.0120% / 8h2h 46m$188K$393K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$25.2
Price spread: +0.140% → −0.002%
$14.21
Slippage, 4 orders
−$111.34
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$91.93
Costs to cover
1.313%
Break-even
32.5 days
Slippage from Aster: live order book, 1 min ago; BloFin: live order book, 44 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, 1 min ago52.13 bp58.7 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 44 min ago1.02 bp7.7 bp −$89.4 bp −$9437.0 bp −$3,698doesn'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
Bitget COINUSDT−0.0721%8h196.50+0.161%$6.3M$10.5M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.43+0.125%$43K$48K30xas long as short
Gate COIN_USDT−0.0217%8h196.43+0.125%$1.2M$7.3M50xas long as short
Vest COIN-USD-PERP−0.0114%1h195.84−0.176%$281K25xas long as short
Aster COINUSDTlong0.0000%8h196.18long leg$342K$890K20x
Extended COIN_24_5-USD0.0000%1h196.33+0.076%$114K$857K10xas long as short
Binance COINUSDT0.0000%8h196.31+0.066%$14.7M$80.7M20xas long as short
Bybit COINUSDT0.0000%8h196.29+0.054%$4.7M$6.1M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h196.48+0.150%$3.0M$4.7M20xas long as short
Variational Omni COIN0.0000%8h196.56+0.192%$703K$955Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h196.57+0.196%$23K$2.5M10xas long as short
Lighter COIN+0.0032%1h196.43+0.124%$383K$2.1M10xas long as short
Lighter RH COIN+0.0032%1h196.38+0.099%$453K$1.5M10xas long as short
QFEX COIN-USD+0.0038%1h196.51+0.166%$1.3M$3.1M10xas long as short
Arcus COIN-USD+0.0040%1h196.59+0.207%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.32+0.069%$15.3M$13.6M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h196.40+0.110%$132K$1.3M10xas long as short
SoDEX COIN-USD+0.0050%1h196.43+0.125%$73$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h196.43+0.125%$351K$2.7M10xas long as short
Phoenix COIN+0.0082%1h196.43+0.125%$4K$283K10xas long as short
KuCoin COINUSDTM+0.0100%8h196.25+0.033%$989K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h196.44+0.130%$88K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h196.41+0.115%$568$4K10xas long as short
Aevo COIN-PERP+0.0104%1h196.42+0.119%$11610xas long as short
BloFin COIN-USDTshort+0.0120%8h196.46+0.140%$188K$393K20x
edgeX COINUSDC+0.0708%4h196.51+0.167%$51K$296K10xas long as short