Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.045%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Aster

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 airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.045% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IO-USD	0.1509	0.0104	pay 0.0013% / 1h	55m 52s	$5K	$171K	5x
Short	Aster IOUSDT	0.1510	0.0100	get 0.0050% / 4h	1h 55m	$6K	$32K	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 +0.045%Rate

Funding earned: −$0.84
Price spread: +0.045% → 0.000%: $4.54
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.3
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 25 min ago; Aster: no order-book sample. 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 Extended live order book, 25 min ago	5.28 bp	46.3 bp −$46	468.8 bp −$4,688	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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.

IO on 14 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_IOUSD	−0.0641%	1h	0.1512	+0.177%	$39K	$21K	10x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1509	+0.016%	$1.0M	$389K	3x	as long as short
Aster IOUSDTshort	+0.0100%	4h	0.1510	+0.045%	$6K	$32K	5x
Binance IOUSDT	+0.0100%	4h	0.1509	+0.010%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1508	−0.056%	$1.1M	$867K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1509	+0.016%	$231K	$525K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1508	−0.056%	$1.1M	$226K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1508	−0.056%	$401K	$655K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1510	+0.076%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1507	−0.123%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1505	−0.259%	$30K	$5K	—	as long as short
Extended IO-USDlong	+0.0104%	1h	0.1509	long leg	$5K	$171K	5x
BloFin IO-USDT	+0.0143%	4h	0.1504	−0.322%	$192K	$30K	50x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1516	+0.474%	$2K	$99	5.5x	as long as short