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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: Extended against Aster−0.153%7-day average — · you buy dearer than you sell

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.153% cheaper against Aster than usual: you would sell low and buy high, −$15 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	Aster LAYERUSDT	0.07674	0.0100	pay 0.0050% / 4h	1h 47m	$9K	$4K	5x
Short	Extended LAYER-USD	0.07662	0.0104	get 0.0013% / 1h	47m 10s	$3K	$168K	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

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 −0.153%Rate

Funding earned: $0.84
Price spread: −0.153% → 0.000%: −$15.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.46
Costs to cover: 0.130%
Break-even: 235.8 days

Slippage unknown: Aster: no order-book sample; Extended: live order book, 14 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, 14 min ago	3.98 bp	43.4 bp −$43	282.0 bp −$2,820	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.

LAYER on 13 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_LAYERUSD	−0.0420%	1h	0.07663	−0.143%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.206%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07676	+0.038%	$597K	$166K	3x	as long as short
Aster LAYERUSDTlong	+0.0100%	4h	0.07674	long leg	$9K	$4K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07666	−0.098%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07659	−0.189%	$716K	$732K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07678	+0.059%	$137K	$49K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07663	−0.137%	$340K	$116K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07668	−0.072%	$1.1M	$166K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07666	−0.098%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07670	−0.046%	$25K	$187K	50x	as long as short
Extended LAYER-USDshort	+0.0104%	1h	0.07662	−0.153%	$3K	$168K	5x
BloFin LAYER-USDT	+0.0115%	4h	0.07676	+0.033%	—	$14K	50x	as long as short