Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.012%

Price spread now: Extended against Aster+0.033%7-day average −0.065% · 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−$342as in the Price arb table

costs, in and out, $10k−$3513.513% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.033%, 7d avg −0.065%

Together, before fees−0.162%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.098% dearer against Aster than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.065%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 5 days (−0.009% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EDGEUSDT	0.5921	0.0480	pay 0.0240% / 4h	1h 39m	$68K	$129K	5x
Short	Extended EDGE-USD	0.5923	0.0464	get 0.0058% / 1h	39m 46s	$27K	$193K	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

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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 AsterbpFee ExtendedbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$3.43
Price spread: +0.033% → −0.065%: $9.77
Slippage, 4 orders: −$338.34
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$345.01
Costs to cover: 3.513%
Break-even: never at this rate

Slippage from Aster: live order book, 21 min ago; Extended: live order book, 22 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, 21 min ago	4.23 bp	165.2 bp −$165	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 22 min ago	3.65 bp	85.5 bp −$86	doesn't fit	doesn't fit	doesn't fit

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
Lighter EDGE	+0.0096%	1h	0.5914	−0.110%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5915	−0.100%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5923	+0.035%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5923	+0.035%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5926	+0.091%	$61K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5912	−0.145%	$191K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5924	+0.045%	$3K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5929	+0.136%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5887	−0.573%	$4K	$618K	10x	as long as short
BloFin EDGE-USDT	+0.0427%	4h	0.5929	+0.136%	$656K	$101K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0457%	4h	0.5931	+0.170%	$3.7M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0460%	4h	0.5920	−0.008%	$14.2M	$3.6M	30x	as long as short
MEXC EDGE_USDT	+0.0460%	4h	0.5927	+0.103%	$1.1M	$900K	50x	as long as short
Binance EDGEUSDT	+0.0462%	4h	0.5926	+0.086%	$10.1M	$10.4M	50x	as long as short
Extended EDGE-USDshort	+0.0464%	1h	0.5923	+0.033%	$27K	$193K	5x
Aster EDGEUSDTlong	+0.0480%	4h	0.5921	long leg	$68K	$129K	5x
Orderly PERP_EDGE_USDC	+0.0662%	4h	0.5925	+0.069%	$3K	—	10x	as long as short