Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.023%

Price spread now: Extended against Aster−0.089%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.089% cheaper against Aster than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 8.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STABLEUSDT	0.02492	0.0068	pay 0.0034% / 4h	37m 01s	$19K	$6K	20x
Short	Extended STABLE-USD	0.02490	0.0104	get 0.0013% / 1h	37m 01s	$12K	$175K	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 −0.089%Rate

Funding earned: $7.53
Price spread: −0.089% → 0.000%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.39
Costs to cover: 0.130%
Break-even: 20.4 days

Slippage unknown: Aster: no order-book sample; Extended: live order book, 39 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Extended live order book, 39 min ago	4.87 bp	35.8 bp −$36	461.2 bp −$4,612	doesn't fit	doesn't fit

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.

STABLE on 15 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
BloFin STABLE-USDT	+0.0049%	4h	0.02495	+0.129%	$113K	$7K	75x	as long as short
Aster STABLEUSDTlong	+0.0068%	4h	0.02492	long leg	$19K	$6K	20x
Lighter STABLE	+0.0096%	1h	0.02505	+0.546%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02494	+0.093%	$880K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02493	+0.059%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02496	+0.173%	$1.5M	$755K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02495	+0.129%	$205K	$409K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02494	+0.089%	$172K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02492	+0.008%	$665K	$155K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.289%	$180K	$28K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02494	+0.089%	$294K	$115K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02492	+0.008%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02490	−0.084%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02490	−0.076%	$2K	$668K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02490	−0.089%	$12K	$175K	10x