Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Extended against Aster0.000%7-day average −0.025% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1101.095% 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)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now 0.000%, 7d avg −0.025%

Together, before fees−0.101%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.025% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.5238	0.0100	pay 0.0100% / 8h	3h 19m	$20K	$640K	10x
Short	Extended AR-USD	4.5238	0.0104	get 0.0013% / 1h	19m 54s	$37K	$237K	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 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → −0.025%: $2.49
Slippage, 4 orders: −$96.54
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$106.21
Costs to cover: 1.095%
Break-even: 892.1 days

Slippage from Aster: live order book, 7 min ago; Extended: live order book, 7 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, 7 min ago	7.76 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 7 min ago	5.77 bp	27.8 bp −$28	262.2 bp −$2,622	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.2057%	1h	4.5224	−0.031%	$47K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5260	+0.050%	$581K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+1.066%	$3K	$376	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5306	+0.151%	$3.8M	$5.1M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.5238	long leg	$20K	$640K	10x
Binance ARUSDT	+0.0100%	8h	4.5240	+0.005%	$8.9M	$57.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5230	−0.017%	$4.6M	$9.1M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.5180	−0.128%	$2.3M	$21.4M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5230	−0.017%	$2.6M	$2.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5250	+0.027%	$6.9M	$5.0M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.5260	+0.049%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5200	−0.083%	$3.8M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5240	+0.005%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5135	−0.227%	$137K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5100	−0.305%	$57K	$747K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.5238	0.000%	$37K	$237K	10x
BloFin AR-USDT	+0.0220%	8h	4.5200	−0.083%	$425K	$686K	20x	as long as short