Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h −0.092%

Price spread now: Extended against Aster−0.135%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1341.337% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$23 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.135%, 7d avg −0.031%

Together, before fees−0.117%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.103% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.235% in total (about -12.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UBUSDT	0.1509	0.0676	pay 0.0338% / 4h	3h 05m	$409K	$198K	5x
Short	Extended UB-USD	0.1507	0.0104	get 0.0013% / 1h	5m 53s	$6K	$172K	5x

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 −0.135%Rate

Funding earned: −$120.02
Price spread: −0.135% → −0.031%: −$10.33
Slippage, 4 orders: −$120.69
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$264.04
Costs to cover: 1.337%
Break-even: never at this rate

Slippage from Aster: live order book, 66 min ago; Extended: live order book, 65 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, 66 min ago	10.38 bp	29.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 65 min ago	0.57 bp	27.7 bp −$28	261.6 bp −$2,616	doesn't fit	doesn't fit

UB on 14 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
BloFin UB-USDT	+0.0068%	4h	0.1510	+0.117%	$160K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1507	−0.093%	$3.3M	$17.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1505	−0.229%	$1.1M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1507	−0.082%	$1.4M	$16.8M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1504	−0.287%	$1.5M	$3.6M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1507	−0.115%	$612K	$714K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1505	−0.231%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1507	−0.102%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1508	−0.035%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1504	−0.276%	$2K	$7K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1505	−0.243%	$38K	$264K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1507	−0.108%	$17K	$222K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1507	−0.135%	$6K	$172K	5x
Aster UBUSDTlong	+0.0676%	4h	0.1509	long leg	$409K	$198K	5x