Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.010%

Price spread now: Extended against Aster−0.160%7-day average −0.020% · 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−$164as in the Price arb table

costs, in and out, $10k−$1501.498% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.160%, 7d avg −0.020%

Together, before fees+0.031%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$3 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 0.140% cheaper against Aster than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.4361	0.0100	pay 0.0100% / 8h	3h 57m	$26K	$478K	10x
Short	Extended AR-USD	4.4290	0.0104	get 0.0013% / 1h	57m 05s	$37K	$236K	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 −0.160%Rate

Funding earned: $0.84
Price spread: −0.160% → −0.020%: −$13.97
Slippage, 4 orders: −$136.81
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$162.94
Costs to cover: 1.498%
Break-even: 1364.8 days

Slippage from Aster: live order book, 60 min ago; Extended: live order book, 60 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, 60 min ago	12.19 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	5.32 bp	26.6 bp −$27	211.9 bp −$2,119	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	−0.1220%	1h	4.4215	−0.329%	$60K	$159K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4329	−0.072%	$569K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0077%	8h	4.4300	−0.137%	$2.2M	$17.6M	20x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.4361	long leg	$26K	$478K	10x
Binance ARUSDT	+0.0100%	8h	4.4310	−0.115%	$8.7M	$49.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4318	−0.097%	$4.5M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4300	−0.137%	$2.5M	$1.8M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4310	−0.115%	$6.3M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.4290	−0.160%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4290	−0.160%	$3.9M	$5.1M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.4310	−0.115%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4552	+0.431%	$236K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4530	+0.381%	$19K	$717K	50x	as long as short
Extended AR-USDshort	+0.0104%	1h	4.4290	−0.160%	$37K	$236K	10x
Hyperliquid AR	+0.0157%	1h	4.4371	+0.023%	$4.0M	$4.3M	5x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4300	−0.137%	$420K	$464K	20x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4770	+0.922%	$2K	$5K	5.5x	as long as short