Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h −0.012%

Price spread now: Aster against QFEX−0.036%7-day average +0.004% · 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−$139as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.036%, 7d avg +0.004%

Together, before fees−0.044%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.040% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COIN-USD	196.01	0.0045	pay 0.0006% / 1h	14m 29s	$1.3M	$2.9M	10x
Short	Aster COINUSDT	195.94	0	get 0.0000% / 8h	1h 14m	$342K	$890K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$9.54
Price spread: −0.036% → +0.004%: −$4.03
Slippage, 4 orders: −$117.42
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$148.99
Costs to cover: 1.354%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Aster: live order book, 28 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	1.27 bp	6.3 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit
Sell Aster live order book, 28 min ago	50.89 bp	62.1 bp −$62	70.9 bp −$709	doesn't fit	doesn't fit

COIN on 26 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	−0.0596%	8h	196.21	+0.102%	$6.4M	$10.6M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.01	0.000%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0086%	1h	195.57	−0.224%	—	$326K	25x	as long as short
Aster COINUSDTshort	0.0000%	8h	195.94	−0.036%	$342K	$890K	20x
Extended COIN_24_5-USD	0.0000%	1h	195.96	−0.024%	$117K	$790K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.09	+0.041%	$15.1M	$82.2M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.03	+0.010%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.10	+0.046%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	196.08	+0.036%	$1.2M	$7.4M	50x	as long as short
Variational Omni COIN	0.0000%	8h	195.99	−0.010%	$713K	$980K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.11	+0.050%	$12K	$2.8M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.91	−0.051%	$461K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.23	+0.112%	$15K	$54K	5x	as long as short
QFEX COIN-USDlong	+0.0045%	1h	196.01	long leg	$1.3M	$2.9M	10x
tradeXYZ xyz:COIN	+0.0050%	1h	195.94	−0.036%	$15.2M	$13.2M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.97	−0.020%	$130K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.04	+0.015%	$76	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.94	−0.036%	$435K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.75	−0.133%	$986K	$136K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.96	−0.026%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.02	+0.005%	$567	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.05	+0.022%	$116	—	10x	as long as short
Lighter COIN	+0.0120%	1h	195.93	−0.040%	$364K	$2.3M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.05	+0.020%	$186K	$427K	20x	as long as short
Phoenix COIN	+0.0163%	1h	195.91	−0.051%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0245%	4h	196.07	+0.030%	$50K	$296K	10x	as long as short