Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.008%

Price spread now: Aster against Extended−0.041%7-day average +0.022% · 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−$115as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.041%, 7d avg +0.022%

Together, before fees+0.160%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.063% cheaper against Extended than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day). At the pace of the last 5 days (+0.004% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.6189	0.0008	pay 0.0001% / 1h	9m 15s	$38K	$240K	10x
Short	Aster ARUSDT	4.6170	0.0100	get 0.0100% / 8h	7h 09m	$21K	$499K	10x

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

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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 −0.041%Rate

Funding earned: $19.32
Price spread: −0.041% → +0.022%: −$6.33
Slippage, 4 orders: −$95.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$95.9
Costs to cover: 1.089%
Break-even: 41.7 days

Slippage from Extended: live order book, 63 min ago; Aster: live order book, 63 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 Extended live order book, 63 min ago	4.77 bp	26.6 bp −$27	231.1 bp −$2,311	doesn't fit	doesn't fit
Sell Aster live order book, 63 min ago	14.08 bp	22.4 bp −$22	doesn't fit	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	−0.2387%	1h	4.6267	+0.169%	$56K	$149K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6204	+0.032%	$594K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0134%	8h	4.6120	−0.150%	$2.4M	$19.9M	20x	as long as short
MEXC AR_USDT	+0.0004%	8h	4.6210	+0.045%	$6.7M	$4.5M	100x	as long as short
Binance ARUSDT	+0.0004%	8h	4.6171	−0.040%	$9.3M	$53.2M	75x	as long as short
Extended AR-USDlong	+0.0008%	1h	4.6189	long leg	$38K	$240K	10x
BloFin AR-USDT	+0.0018%	8h	4.6220	+0.066%	$440K	$542K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.6110	−0.172%	$2K	$2K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6304	+0.248%	$4.2M	$4.8M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.6170	−0.041%	$21K	$499K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.6167	−0.048%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6180	−0.020%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6190	+0.001%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6140	−0.107%	$3.9M	$5.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6170	−0.042%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5887	−0.654%	$143K	$168K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5930	−0.562%	$23K	$741K	50x	as long as short