Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.067%7-day average −0.037% · 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−$523as in the Price arb table

costs, in and out, $10k−$5335.334% 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)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.067%, 7d avg −0.037%

Together, before fees−0.149%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$15 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 0.104% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06893	0.0104	pay 0.0013% / 1h	10m 18s	$9K	$99K	5x
Short	Aster HUSDT	0.06897	0.0100	get 0.0050% / 4h	3h 10m	$114K	$55K	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 +0.067%Rate

Funding earned: −$0.84
Price spread: +0.067% → −0.037%: $10.4
Slippage, 4 orders: −$520.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$523.89
Costs to cover: 5.334%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; Aster: 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 Extended live order book, 60 min ago	2.13 bp	80.3 bp −$80	532.8 bp −$5,328	doesn't fit	doesn't fit
Sell Aster live order book, 60 min ago	6.40 bp	326.9 bp −$327	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.327%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0051%	4h	0.06878	−0.216%	$597K	$114K	25x	as long as short
KuCoin HUSDTM	+0.0092%	4h	0.06886	−0.100%	$1.6M	$10.0M	8x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06897	+0.067%	$114K	$55K	5x
Binance HUSDT	+0.0100%	4h	0.06896	+0.048%	$14.8M	$10.8M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06889	−0.056%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06898	+0.075%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06891	−0.027%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06895	+0.031%	$6.2M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06880	−0.187%	$1.7M	$453K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06899	+0.089%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06874	−0.276%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06913	+0.297%	$1.1M	$446K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.06893	long leg	$9K	$99K	5x