Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%

Price spread now: SoDEX against Aster−0.132%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.132% cheaper against Aster than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 8.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster COINUSDT	197.79	0	get 0.0000% / 8h	5h 51m	$349K	$877K	20x
Short	SoDEX COIN-USD	197.53	0.0050	get 0.0006% / 1h	51m 44s	$91	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $10.5
Price spread: −0.132% → 0.000%: −$13.21
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.71
Costs to cover: 0.160%
Break-even: 19.5 days

Slippage unknown: Aster: live order book, 11 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 11 min ago	52.78 bp	57.1 bp −$57	57.3 bp −$573	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN on 25 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
Bitget COINUSDT	−0.0725%	8h	197.78	−0.006%	$6.3M	$10.1M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.69	−0.557%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0138%	8h	197.62	−0.087%	$1.2M	$7.0M	50x	as long as short
Vest COIN-USD-PERP	−0.0088%	1h	197.13	−0.334%	—	$284K	25x	as long as short
Aster COINUSDTlong	0.0000%	8h	197.79	long leg	$349K	$877K	20x
Extended COIN_24_5-USD	0.0000%	1h	197.58	−0.108%	$119K	$697K	10x	as long as short
Binance COINUSDT	0.0000%	8h	197.66	−0.066%	$15.1M	$78.2M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	197.66	−0.066%	$4.9M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	197.68	−0.056%	$3.1M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.59	−0.103%	$817K	$905K	—	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.39	−0.202%	$14K	$2.1M	10x	as long as short
QFEX COIN-USD	+0.0016%	1h	197.62	−0.087%	$1.3M	$3.5M	10x	as long as short
Lighter COIN	+0.0032%	1h	197.60	−0.094%	$368K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	197.58	−0.107%	$450K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	197.51	−0.142%	$15K	$54K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	197.51	−0.142%	$15.7M	$13.3M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	197.44	−0.178%	$125K	$1.2M	10x	as long as short
SoDEX COIN-USDshort	+0.0050%	1h	197.53	−0.132%	$91	$3K	10x
Ondo Perps COIN-USD.P	+0.0050%	1h	197.38	−0.208%	$351K	$3.0M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	197.59	−0.102%	$995K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	197.36	−0.218%	$89K	$286K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	197.56	−0.117%	$571	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	197.57	−0.113%	$117	—	10x	as long as short
Phoenix COIN	+0.0162%	1h	197.32	−0.238%	$5K	$281K	10x	as long as short
edgeX COINUSDC	+0.0312%	4h	197.38	−0.206%	$51K	$294K	10x	as long as short