Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%

Price spread now: Aster against Extended+0.113%7-day average +0.021% · you sell dearer than you buy

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−$1161.161% 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)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.113%, 7d avg +0.021%

Together, before fees−0.006%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$1 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: Aster is 0.092% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AR-USD	4.5314	0.0104	pay 0.0013% / 1h	38m 54s	$37K	$239K	10x
Short	Aster ARUSDT	4.5365	0.0100	get 0.0100% / 8h	5h 38m	$19K	$500K	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

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 +0.113%Rate

Funding earned: −$0.84
Price spread: +0.113% → +0.021%: $9.19
Slippage, 4 orders: −$103.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.73
Costs to cover: 1.161%
Break-even: never at this rate

Slippage from Extended: live order book, 23 min ago; Aster: live order book, 24 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, 23 min ago	5.60 bp	26.1 bp −$26	173.9 bp −$1,739	doesn't fit	doesn't fit
Sell Aster live order book, 24 min ago	16.45 bp	30.7 bp −$31	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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5392	+0.173%	$583K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0094%	8h	4.5280	−0.074%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.052%	$548	$3K	5.5x	as long as short
MEXC AR_USDT	+0.0098%	8h	4.5310	−0.008%	$6.6M	$4.3M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5409	+0.210%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.5365	+0.113%	$19K	$500K	10x
Binance ARUSDT	+0.0100%	8h	4.5308	−0.014%	$9.0M	$51.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5305	−0.019%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5330	+0.036%	$2.5M	$1.9M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5380	+0.146%	$1.2M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.5290	−0.052%	$3.9M	$5.3M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5300	−0.030%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5401	+0.193%	$236K	$258K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5490	+0.389%	$20K	$725K	50x	as long as short
Extended AR-USDlong	+0.0104%	1h	4.5314	long leg	$37K	$239K	10x
BloFin AR-USDT	+0.0220%	8h	4.5420	+0.234%	$432K	$498K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1923%	1h	4.5472	+0.349%	$56K	$149K	20x	as long as short