Funding arb · Price arb /

SOON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0529%/8h= −58.0% APRpaid last 24h −0.064%

Price spread now: Extended against Aster+0.021%7-day average +0.082% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2652.653% 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)−0.265%−$26 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.021%, 7d avg +0.082%

Together, before fees−0.135%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Extended is 0.061% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.265% in total (about -18.4% 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	Aster SOONUSDT	0.1942	0.0705	pay 0.0353% / 4h	1h 49m	$189K	$2K	5x
Short	Extended SOON-USD	0.1942	0.0176	get 0.0022% / 1h	49m 54s	$7K	$207K	5x

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 +0.021%Rate

Funding earned: −$111.15
Price spread: +0.021% → +0.082%: −$6.05
Slippage, 4 orders: −$252.26
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$382.46
Costs to cover: 2.653%
Break-even: never at this rate

Slippage from Aster: live order book, 31 min ago; Extended: live order book, 32 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, 31 min ago	12.84 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 32 min ago	9.47 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit

SOON 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
BingX SOON-USDT	+0.0070%	4h	0.1938	−0.202%	—	$6.7M	—	as long as short
OKX SOON-USDT-SWAP	+0.0100%	4h	0.1941	−0.047%	$1.9M	$419K	20x	as long as short
Gate SOON_USDT	+0.0100%	4h	0.1936	−0.305%	$3.1M	$91K	50x	as long as short
KuCoin SOONUSDTM	+0.0100%	4h	0.1942	−0.017%	$1.8M	$3.0M	50x	as long as short
Binance SOONUSDT	+0.0172%	4h	0.1943	+0.037%	$7.9M	$1.9M	50x	as long as short
Extended SOON-USDshort	+0.0176%	1h	0.1942	+0.021%	$7K	$207K	5x
Kraken Futures PF_SOONUSD	+0.0338%	1h	0.1936	−0.292%	$11K	$1K	10x	as long as short
Bitget SOONUSDT	+0.0464%	4h	0.1942	+0.004%	$9.1M	$208K	25x	as long as short
Aster SOONUSDTlong	+0.0705%	4h	0.1942	long leg	$189K	$2K	5x
Variational Omni SOON	+0.3704%	4h	0.1927	−0.777%	$222K	$4K	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOONUSDT	+0.4205%	4h	0.1926	−0.820%	$2.5M	$1.1M	25x	as long as short