Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0172%/8h= −18.9% APRpaid last 24h +0.012%

Price spread now: Aster against Extended+0.077%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

The price spread pays, funding is against you. Aster is 0.077% dearer against Extended than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5993	0.0480	pay 0.0060% / 1h	34m 35s	$29K	$84K	5x
Short	Aster EDGEUSDT	0.5998	0.0308	get 0.0154% / 4h	1h 34m	$53K	$156K	5x

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 +0.077%Rate

Funding earned: −$36.22
Price spread: +0.077% → 0.000%: $7.66
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.56
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Aster: live order book, 7 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 Extended no order-book sample	—	—	—	—	—
Sell Aster live order book, 7 min ago	5.00 bp	72.7 bp −$73	doesn't fit	doesn't fit	doesn't fit

Extended: 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.

EDGE 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
Backpack EDGE_USDC_PERP	−0.0486%	1h	0.5989	−0.065%	$59K	$120K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5983	−0.172%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5987	−0.102%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5998	+0.082%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5994	+0.015%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5984	−0.152%	$189K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6003	+0.165%	$7K	$2.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6002	+0.149%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5954	−0.652%	$4K	$642K	10x	as long as short
Aster EDGEUSDTshort	+0.0308%	4h	0.5998	+0.077%	$53K	$156K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0454%	4h	0.5999	+0.099%	$3.8M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0468%	4h	0.5996	+0.045%	$10.3M	$10.8M	50x	as long as short
MEXC EDGE_USDT	+0.0476%	4h	0.5994	+0.015%	$1.1M	$801K	50x	as long as short
edgeX EDGEUSDC	+0.0480%	4h	0.6003	+0.170%	$14.4M	$3.7M	30x	as long as short
Extended EDGE-USDlong	+0.0480%	1h	0.5993	long leg	$29K	$84K	5x
BloFin EDGE-USDT	+0.0485%	4h	0.5992	−0.018%	$667K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0618%	4h	0.5993	−0.002%	$2K	$1K	10x	as long as short