Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.008%

Price spread now: Aster against Extended−0.078%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−0.038%−$4 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 −$1 a day on $10k at the current rate, and Aster is 0.078% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPK-USD	0.02179	0.0104	pay 0.0013% / 1h	32m 57s	$1K	$141K	5x
Short	Aster SPKUSDT	0.02178	0.0063	get 0.0031% / 4h	2h 32m	$9K	$66K	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 −0.078%Rate

Funding earned: −$8.62
Price spread: −0.078% → 0.000%: −$7.83
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.45
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 33 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, 33 min ago	4.81 bp	33.4 bp −$33	231.7 bp −$2,317	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.

SPK on 13 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 SPK_USDT	−0.0264%	4h	0.02177	−0.113%	$142K	$131K	50x	as long as short
Aster SPKUSDTshort	+0.0063%	4h	0.02178	−0.078%	$9K	$66K	5x
Binance SPKUSDT	+0.0100%	4h	0.02181	+0.070%	$3.8M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02181	+0.070%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02182	+0.116%	$768K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02182	+0.116%	$2.1M	$640K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02179	−0.021%	$942K	$413K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02182	+0.116%	$1.3M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02179	−0.021%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02178	−0.060%	$165K	$66K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02227	+2.181%	$875	$1.2M	20x	as long as short
Extended SPK-USDlong	+0.0104%	1h	0.02179	long leg	$1K	$141K	5x
Kraken Futures PF_SPKUSD	+0.0800%	1h	0.02193	+0.608%	$23K	$28K	10x	as long as short