Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.010%

Price spread now: Extended against Aster−0.053%7-day average −0.022% · 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−$152as in the Price arb table

costs, in and out, $10k−$1481.484% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.053%, 7d avg −0.022%

Together, before fees−0.056%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.031% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.3022	0.0100	pay 0.0100% / 8h	7h 40m	$32K	$255K	10x
Short	Extended AR-USD	4.2999	0.0104	get 0.0013% / 1h	40m 25s	$36K	$244K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0.84
Price spread: −0.053% → −0.022%: −$3.09
Slippage, 4 orders: −$135.44
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$150.69
Costs to cover: 1.484%
Break-even: 1262.7 days

Slippage from Aster: live order book, 57 min ago; Extended: live order book, 56 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, 57 min ago	21.17 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 56 min ago	4.35 bp	25.4 bp −$25	263.2 bp −$2,632	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.1006%	1h	4.2910	−0.260%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3027	+0.011%	$554K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.831%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3095	+0.169%	$3.9M	$4.5M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.3022	long leg	$32K	$255K	10x
Binance ARUSDT	+0.0100%	8h	4.3020	−0.005%	$8.5M	$44.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3052	+0.069%	$4.5M	$8.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3010	−0.028%	$2.2M	$14.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3000	−0.051%	$2.0M	$3.1M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3020	−0.005%	$6.1M	$3.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3020	−0.005%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2990	−0.075%	$3.7M	$4.9M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3010	−0.028%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3038	+0.037%	$247K	$513K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3080	+0.135%	$20K	$706K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.2999	−0.053%	$36K	$244K	10x
BloFin AR-USDT	+0.0220%	8h	4.3060	+0.088%	$414K	$443K	20x	as long as short