Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0201%/8h= −22.1% APRpaid last 24h +0.011%

Price spread now: Aster against Extended−0.270%7-day average — · you buy dearer than you sell

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 7 days−0.056%−$6 on $10k

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.270% cheaper against Extended than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended Q-USD	0.02542	0.1240	pay 0.0155% / 1h	44m 05s	$8K	$166K	5x
Short	Aster QUSDT	0.02535	0.1039	get 0.0519% / 4h	3h 44m	$59K	$52K	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 −0.270%Rate

Funding earned: −$42.29
Price spread: −0.270% → 0.000%: −$26.97
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$82.27
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 27 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, 27 min ago	10.17 bp	100.0 bp −$100	791.2 bp −$7,912	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.

Q on 11 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
Gate Q_USDT	+0.0100%	4h	0.02538	−0.162%	$1.2M	$286K	10x	as long as short
KuCoin QUSDTM	+0.0100%	4h	0.02533	−0.327%	$670K	$20K	20x	as long as short
Bitget QUSDT	+0.0100%	4h	0.02535	−0.252%	$2.3M	$128K	20x	as long as short
Variational Omni Q	+0.0199%	4h	0.02538	−0.166%	$2K	$1K	—	as long as short
Bybit QUSDT	+0.0883%	4h	0.02541	−0.032%	$1.5M	$357K	13x	as long as short
Aster QUSDTshort	+0.1039%	4h	0.02535	−0.270%	$59K	$52K	5x
BingX Q-USDT	+0.1168%	4h	0.02542	−0.012%	—	$1.3M	—	as long as short
Extended Q-USDlong	+0.1240%	1h	0.02542	long leg	$8K	$166K	5x
MEXC Q_USDT	+0.1240%	4h	0.02542	+0.019%	$122K	$86K	50x	as long as short
Binance QUSDT	+0.1243%	4h	0.02543	+0.032%	$7.0M	$1.4M	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin Q-USDT	+0.1264%	4h	0.02541	−0.052%	$376K	$74K	40x	as long as short