Settings8H · net · $10k
Funding arb · Price arb /

OPEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Aster−0.051%7-day average −0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.051%, 7d avg −0.071%
Together, before fees−0.003%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board$0 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: Extended is 0.020% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster OPENUSDT0.14430.0100pay 0.0050% / 4h2h 32m$252K$4K5x
ShortExtended OPEN-USD0.14420.0104get 0.0013% / 1h32m 30s$2K$190K5x

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

Funding earned
$0.84
Price spread: −0.051% → −0.071%
$2.02
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$10.14
Costs to cover
0.130%
Break-even
91.5 days
Slippage unknown: Aster: live order book, 14 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 14 min ago13.84 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 14 min ago4.86 bp39.2 bp −$39doesn't fitdoesn't fitdoesn't fit

OPEN on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPENUSDTlong+0.0100%4h0.1443long leg$252K$4K5x
Binance OPENUSDT+0.0100%4h0.1443+0.009%$7.1M$2.5M75xas long as short
Gate OPEN_USDT+0.0100%8h0.1443+0.024%$824K$201K75xas long as short
KuCoin OPENUSDTM+0.0100%4h0.1441−0.122%$2.4M$55K30xas long as short
Bitget OPENUSDT+0.0100%4h0.1445+0.162%$2.2M$161K20xas long as short
Extended OPEN-USDshort+0.0104%1h0.1442−0.051%$2K$190K5x
BloFin OPEN-USDT+0.0122%4h0.1440−0.184%$672K$12K75xas long as short
Bybit OPENUSDT+0.0426%4h0.1444+0.072%$1.5M$741K25xas long as short
Kraken Futures PF_OPENUSD+0.0960%1h0.1444+0.072%$14K$55K10xas long as short