Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0540%/8h= −59.2% APRpaid last 24h −0.046%

Price spread now: tradeXYZ against Aster−0.166%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.166%, 7d avg −0.074%

Together, before fees+0.188%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and tradeXYZ is 0.093% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAMSUNGUSDT	204.93	0	get 0.0000% / 4h	2h 14m	$104K	$147K	50x
Short	tradeXYZ xyz:SMSN	204.59	−0.0540	pay 0.0068% / 1h	14m 33s	$42.7M	$47.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.166%Rate

Funding earned: −$113.47
Price spread: −0.166% → −0.074%: −$9.25
Slippage, 4 orders: −$8.63
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$157.36
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Aster: live order book, 51 min ago; tradeXYZ: live order book, 5 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 Aster live order book, 51 min ago	0.24 bp	7.5 bp −$7	13.4 bp −$134	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.24 bp	9.2 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit

SAMSUNG on 23 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
tradeXYZ xyz:SMSNshort	−0.0540%	1h	204.59	−0.166%	$42.7M	$47.1M	10x
Bybit SAMSUNGUSDT	−0.0524%	8h	204.78	−0.073%	$7.5M	$15.8M	100x	as long as short
Kraken Futures PF_SAMSUNGUSD	−0.0339%	1h	204.73	−0.096%	$46K	$16K	20x	as long as short
edgeX SAMSUNGUSDC	−0.0249%	4h	204.82	−0.055%	$252K	$402K	10x	as long as short
Aster SAMSUNGUSDTlong	0.0000%	4h	204.93	long leg	$104K	$147K	50x
Extended SAMSUNG-USD	0.0000%	1h	204.86	−0.035%	$193K	$83K	10x	as long as short
Binance SAMSUNGUSDT	0.0000%	4h	204.91	−0.011%	$23.1M	$151.6M	25x	as long as short
OKX SAMSUNG-USDT-SWAP	0.0000%	8h	204.78	−0.073%	$6.0M	$23.1M	25x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	204.96	+0.015%	$9.1M	$23.6M	75x	as long as short
Bitget SAMSUNGUSDT	0.0000%	4h	204.97	+0.019%	$4.3M	$14.8M	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SAMSUNG_USDT_Perp	0.0000%	4h	204.94	+0.005%	$24K	$155K	10x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	204.84	−0.044%	$918	$1.1M	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	204.93	0.000%	$74K	$107K	20x	as long as short
Phemex SAMSUNGUSDT	0.0000%	8h	204.85	−0.039%	$2.7M	$1.3M	10x	as long as short
Ondo Perps SMSN-USD.P	+0.0022%	1h	204.64	−0.142%	$313K	$267K	10x	as long as short
Polymarket Perps SAMSUNG-USD	+0.0050%	1h	204.78	−0.073%	$45K	$78K	10x	as long as short
SoDEX SAMSUNG-USD	+0.0050%	1h	204.85	−0.039%	$3K	$3K	10x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	204.80	−0.065%	$83K	$55K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	204.71	−0.107%	$560K	$113K	20x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	204.92	−0.005%	$5K	$140K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0100%	8h	204.89	−0.020%	$3K	$488	10x	as long as short
Aevo SMSN-PERP	+0.0352%	1h	204.91	−0.008%	$32K	—	10x	as long as short
Aftermath Perps SAMSUNGUSD	+0.1306%	1h	204.81	−0.059%	$810	$30K	5x	as long as short