Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.012%

Price spread now: Aster against Extended+0.025%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$337as in the Price arb table

costs, in and out, $10k−$3333.328% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.025%, 7d avg +0.064%

Together, before fees+0.117%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$12 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: Aster is 0.039% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5897	0.0536	pay 0.0067% / 1h	2m 03s	$27K	$230K	5x
Short	Aster EDGEUSDT	0.5899	0.0542	get 0.0271% / 4h	1h 02m	$68K	$136K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: $1.2
Price spread: +0.025% → +0.064%: −$3.95
Slippage, 4 orders: −$319.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$335.57
Costs to cover: 3.328%
Break-even: 1969.4 days

Slippage from Extended: live order book, 15 min ago; Aster: live order book, 14 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 Extended live order book, 15 min ago	1.19 bp	12.9 bp −$13	434.4 bp −$4,344	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	5.11 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit

EDGE 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
Lighter EDGE	+0.0096%	1h	0.5889	−0.133%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5919	+0.367%	$7.0M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5914	+0.282%	$4.7M	$996K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5915	+0.304%	$60K	$99K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5881	−0.274%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5893	−0.074%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5895	−0.040%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5877	−0.345%	$4K	$611K	10x	as long as short
KuCoin EDGEUSDTM	+0.0270%	4h	0.5905	+0.130%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0463%	4h	0.5906	+0.147%	$635K	$126K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0520%	4h	0.5923	+0.435%	$1.2M	$921K	50x	as long as short
Extended EDGE-USDlong	+0.0536%	1h	0.5897	long leg	$27K	$230K	5x
Binance EDGEUSDT	+0.0536%	4h	0.5919	+0.367%	$10.1M	$10.1M	50x	as long as short
Aster EDGEUSDTshort	+0.0542%	4h	0.5899	+0.025%	$68K	$136K	5x
edgeX EDGEUSDC	+0.0581%	4h	0.5893	−0.074%	$14.1M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0603%	4h	0.5910	+0.215%	$3K	—	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0649%	4h	0.5931	+0.571%	$3.6M	$5.9M	20x	as long as short