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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: Aster against Extended+0.156%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 0.156% dearer against Extended than usual: you sell high and buy low, +$16 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 LAYER-USD	0.07662	0.0104	pay 0.0013% / 1h	47m 19s	$3K	$168K	5x
Short	Aster LAYERUSDT	0.07674	0.0100	get 0.0050% / 4h	1h 47m	$9K	$4K	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

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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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$0.84
Price spread: +0.156% → 0.000%: $15.64
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.8
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Extended: live order book, 14 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, 14 min ago	3.98 bp	32.8 bp −$33	283.8 bp −$2,838	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.

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	+0.010%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.061%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07677	+0.204%	$597K	$166K	3x	as long as short
Aster LAYERUSDTshort	+0.0100%	4h	0.07674	+0.156%	$9K	$4K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07663	+0.010%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07656	−0.075%	$716K	$732K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07678	+0.212%	$137K	$49K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07666	+0.055%	$340K	$116K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07670	+0.107%	$1.1M	$166K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07669	+0.094%	—	$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	+0.107%	$25K	$187K	50x	as long as short
Extended LAYER-USDlong	+0.0104%	1h	0.07662	long leg	$3K	$168K	5x
BloFin LAYER-USDT	+0.0115%	4h	0.07676	+0.186%	—	$14K	50x	as long as short