Settings8H · net · $10k
Funding arb · Price arb /

NIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Aster+0.014%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$374as in the Price arb table
costs, in and out, $10k−$3793.790% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.014%, 7d avg −0.038%
Together, before fees−0.069%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$7 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 0.052% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NILUSDT0.073950.0100pay 0.0050% / 4h3h 59m$30K$257K5x
ShortExtended NIL-USD0.073960.0104get 0.0013% / 1h59m 46s$18K$195K5x

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

Funding earned
$0.84
Price spread: +0.014% → −0.038%
$5.21
Slippage, 4 orders
−$365.96
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$372.91
Costs to cover
3.790%
Break-even
3114.6 days
Slippage from Aster: live order book, 37 min ago; Extended: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 37 min ago16.62 bp101.4 bp −$101doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 63 min ago3.34 bp71.1 bp −$71599.7 bp −$5,997doesn't fitdoesn't fit

NIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NIL-USDT+0.0054%4h0.07420+0.340%$374K$82K50xas long as short
Aster NILUSDTlong+0.0100%4h0.07395long leg$30K$257K5x
Binance NILUSDT+0.0100%4h0.07401+0.077%$5.7M$50.2M50xas long as short
Bybit NILUSDT+0.0100%4h0.07414+0.259%$4.1M$10.3M20xas long as short
MEXC NIL_USDT+0.0100%4h0.07392−0.038%$2.3M$3.4M100xas long as short
Bitget NILUSDT+0.0100%4h0.07412+0.232%$2.0M$6.1M50xas long as short
BingX NIL-USDT+0.0100%4h0.07402+0.097%$8.1Mas long as short
Variational Omni NIL+0.0100%4h0.07432+0.509%$181K$248Kas long as short
Extended NIL-USDshort+0.0104%1h0.07396+0.014%$18K$195K5x
KuCoin NILUSDTM+0.0104%4h0.07401+0.084%$619K$581K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NIL_USDT+0.0130%4h0.07393−0.025%$459K$1.5M50xas long as short
Hyperliquid NIL+0.2313%1h0.07421+0.359%$4.8M$4.5M3xas long as short