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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.121%
Price spread now: Aster against Extended+0.198%7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1391.392% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.265%−$26 on $10k
Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.198%, 7d avg +0.160%
Together, before fees−0.187%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.039% dearer against Extended than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.160%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.039720.0104pay 0.0013% / 1h2m 16s$223K$890K10x
ShortAster SUSDT0.039800.0001get 0.0000% / 4h3h 02m$44K$212K10x

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

Funding earned
−$21.68
Price spread: +0.198% → +0.160%
$3.87
Slippage, 4 orders
−$126.21
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$157.02
Costs to cover
1.392%
Break-even
never at this rate
Slippage from Extended: live order book, 26 min ago; Aster: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 26 min ago3.79 bp36.6 bp −$37251.7 bp −$2,517doesn't fitdoesn't fit
Sell Aster live order book, 24 min ago8.83 bp31.0 bp −$31doesn't fitdoesn't fitdoesn't fit

S on 25 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
Kraken Futures PF_SUSD−0.1543%1h0.03973+0.028%$33K$33K10xas long as short
Coinbase International S-PERP-INTX−0.1272%1h0.03826−3.679%$47K$5K25xas long as short
Variational Omni S−0.1171%4h0.03974+0.037%$619K$66Kas long as short
01 Exchange SUSD−0.0344%1h0.03970−0.053%$24K$3K5xas long as short
Deribit S_USDC-PERPETUAL−0.0252%1h0.03979+0.173%$67K$10K10xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0173% / S +0.0169%1h0.03981+0.213%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03973+0.013%$415xas long as short
Orderly PERP_S_USDC−0.0019%4h0.03976+0.098%$102K$339K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03980+0.207%$613150xas long as short
Aster SUSDTshort+0.0001%4h0.03980+0.198%$44K$212K10x
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+3.219%$2K$37K12xas long as short
OKX S-USDT-SWAP+0.0057%4h0.03971−0.028%$987K$8.4M20xas long as short
Lighter S+0.0096%1h0.03979+0.173%$167K$265K5xas long as short
Hyperliquid S+0.0100%1h0.03974+0.055%$1.0M$971K5xas long as short
Binance SUSDT+0.0100%4h0.03973+0.019%$5.5M$25.8M75xas long as short
Bybit SUSDT+0.0100%4h0.03969−0.079%$5.7M$6.8M50xas long as short
Gate S_USDT+0.0100%4h0.03969−0.079%$324K$309K50xas long as short
MEXC S_USDT+0.0100%4h0.03973+0.022%$3.7M$3.2M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03970−0.053%$1.9M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03979+0.173%$1.2M$3.3M50xas long as short
BingX S-USDT+0.0100%4h0.03971−0.028%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03980+0.198%$26K$477K50xas long as short
Extended S-USDlong+0.0104%1h0.03972long leg$223K$890K10x
BloFin S-USDT+0.0340%4h0.03974+0.047%$276K$204K75xas long as short
Backpack S_USDC_PERP+0.0429%1h0.03980+0.198%$116K$288K5xas long as short