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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.066%
Price spread now: Aster against Extended−0.026%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno 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 0.026% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.016360.0136pay 0.0017% / 1h39m 10s$4K$141K5x
ShortAster USUSDT0.016350.0100get 0.0050% / 4h1h 39m$12K$55K5x

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
−$7.56
Price spread: −0.026% → 0.000%
−$2.57
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$23.13
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 41 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 41 min ago6.08 bp121.0 bp −$121883.0 bp −$8,830doesn't fitdoesn'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.

US on 11 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
KuCoin USUSDTM−0.0094%4h0.01632−0.229%$4.2M$277K20xas long as short
Aster USUSDTshort+0.0100%4h0.01635−0.026%$12K$55K5x
Bybit USUSDT+0.0100%4h0.01637+0.077%$3.2M$853K20xas long as short
Gate US_USDT+0.0100%4h0.01635−0.064%$2.1M$548K20xas long as short
Variational Omni US+0.0100%4h0.01637+0.072%$16K$3Kas long as short
Binance USUSDT+0.0132%4h0.01636+0.028%$9.1M$3.1M10xas long as short
MEXC US_USDT+0.0134%4h0.01636+0.028%$5.5M$115K100xas long as short
Extended US-USDlong+0.0136%1h0.01636long leg$4K$141K5x
BloFin US-USDT+0.0174%4h0.01636+0.046%$478K$49K10xas long as short
BingX US-USDT+0.0452%4h0.01636+0.040%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USUSDT+0.0474%4h0.01637+0.059%$4.3M$248K10xas long as short