Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: Aster against Extended+0.150%7-day average — · you sell dearer than you buy

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 6 days (all we have)—no history yet

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.150% dearer against Extended than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02436	0.0104	pay 0.0013% / 1h	34m 12s	$12K	$135K	10x
Short	Aster STABLEUSDT	0.02440	0.0100	get 0.0050% / 4h	3h 34m	$18K	$10K	20x

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 +0.150%Rate

Funding earned: −$0.84
Price spread: +0.150% → 0.000%: $15.01
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.17
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Extended: live order book, 16 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, 16 min ago	4.10 bp	36.8 bp −$37	374.0 bp −$3,740	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.

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
Lighter STABLE	+0.0096%	1h	0.02452	+0.651%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	+0.068%	$856K	$183K	3x	as long as short
Aster STABLEUSDTshort	+0.0100%	4h	0.02440	+0.150%	$18K	$10K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02437	+0.044%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02440	+0.154%	$1.5M	$816K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	+0.027%	$201K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02437	+0.027%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02438	+0.068%	$583K	$161K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02441	+0.191%	$177K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02438	+0.068%	$280K	$93K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02437	+0.027%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02441	+0.194%	$143K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02439	+0.101%	$1K	$892K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02436	long leg	$12K	$135K	10x
BloFin STABLE-USDT	+0.0110%	4h	0.02440	+0.150%	$115K	$7K	75x	as long as short