Funding arb · Price arb /

S

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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 +0.122%

Price spread now: Extended against Aster−0.002%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1981.983% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.268%+$27 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.002%, 7d avg −0.153%

Together, before fees−0.007%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$1 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 0.152% dearer against Aster than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.04098	0.0100	pay 0.0050% / 4h	1h 45m	$45K	$133K	10x
Short	Extended S-USD	0.04097	0.0104	get 0.0013% / 1h	45m 23s	$230K	$1.1M	10x

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 −0.002%Rate

Funding earned: $0.84
Price spread: −0.002% → −0.153%: $15.17
Slippage, 4 orders: −$185.27
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$182.26
Costs to cover: 1.983%
Break-even: 1525.9 days

Slippage from Aster: live order book, 16 min ago; Extended: live order book, 3 min ago.

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 live order book, 16 min ago	14.80 bp	82.8 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	6.12 bp	38.5 bp −$39	254.7 bp −$2,547	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−1.0624%	1h	0.03950	−3.600%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1678%	1h	0.04095	−0.068%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−1.843%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0306%	4h	0.04092	−0.140%	$634K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04099	+0.024%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04093	−0.102%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04099	+0.036%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.061%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0065%	4h	0.04100	+0.061%	$102K	$333K	10x	as long as short
Lighter S	+0.0096%	1h	0.04101	+0.085%	$171K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04098	+0.019%	$1.0M	$556K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.04098	long leg	$45K	$133K	10x
Binance SUSDT	+0.0100%	4h	0.04098	+0.012%	$5.7M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04092	−0.135%	$5.8M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04099	+0.036%	$1.0M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04094	−0.086%	$336K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04097	−0.013%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04092	−0.135%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04100	+0.061%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04098	+0.012%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04090	−0.183%	$25K	$451K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.04097	−0.002%	$230K	$1.1M	10x
BloFin S-USDT	+0.0340%	4h	0.04088	−0.232%	$280K	$111K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0482%	1h	0.04104	+0.158%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1488%	1h	0.04110	+0.305%	$121K	$359K	5x	as long as short