Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.009%

Price spread now: Extended against Aster+0.093%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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 · Extended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.093% dearer against Aster than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BASEDUSDT	0.06818	0.0280	pay 0.0140% / 4h	16m 34s	$29K	$6K	5x
Short	Extended BASED-USD	0.06825	0.0104	get 0.0013% / 1h	16m 34s	$5K	$226K	5x

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

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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 +0.093%Rate

Funding earned: −$36.88
Price spread: +0.093% → 0.000%: $9.28
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.6
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Extended: live order book, 60 min ago. 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 no order-book sample	—	—	—	—	—
Sell Extended live order book, 60 min ago	1.03 bp	57.2 bp −$57	299.5 bp −$2,995	doesn't fit	doesn't fit

Aster: 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.

BASED on 15 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
Binance BASEDUSDT	+0.0100%	4h	0.06826	+0.112%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06814	−0.064%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06823	+0.068%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06817	−0.020%	$542K	$538K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06827	+0.127%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06807	−0.166%	$571K	$69K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06833	+0.215%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06819	+0.010%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06795	−0.341%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06811	−0.101%	$99K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06812	−0.093%	$1K	$823K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06825	+0.093%	$5K	$226K	5x
BloFin BASED-USDT	+0.0121%	4h	0.06826	+0.112%	$252K	$41K	25x	as long as short
Aster BASEDUSDTlong	+0.0280%	4h	0.06818	long leg	$29K	$6K	5x
Orderly PERP_BASED_USDC	+0.0321%	4h	0.06819	+0.010%	$3K	$652	10x	as long as short