Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: Extended against Aster+0.007%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1411.409% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.007%, 7d avg −0.028%

Together, before fees+0.006%+ Points / potential airdropAster: Stage 5 · Extended: Active · 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: Extended is 0.035% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster COINUSDT	195.49	0	get 0.0000% / 8h	1h 29m	$341K	$890K	20x
Short	Extended COIN_24_5-USD	195.50	0	get 0.0000% / 1h	29m 05s	$116K	$790K	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 +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.028%: $3.48
Slippage, 4 orders: −$127.9
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$137.43
Costs to cover: 1.409%
Break-even: never at this rate

Slippage from Aster: live order book, 14 min ago; Extended: live order book, 14 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, 14 min ago	50.89 bp	60.7 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 14 min ago	1.02 bp	9.0 bp −$9	75.1 bp −$751	doesn't fit	doesn't fit

COIN on 26 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
Bitget COINUSDT	−0.0722%	8h	195.68	+0.097%	$6.3M	$10.6M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	195.44	−0.026%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0104%	1h	194.82	−0.343%	—	$289K	25x	as long as short
Aster COINUSDTlong	0.0000%	8h	195.49	long leg	$341K	$890K	20x
Extended COIN_24_5-USDshort	0.0000%	1h	195.50	+0.007%	$116K	$790K	10x
Binance COINUSDT	0.0000%	8h	195.55	+0.031%	$15.0M	$82.2M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	195.54	+0.026%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	195.59	+0.051%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	195.53	+0.021%	$1.2M	$7.4M	50x	as long as short
Variational Omni COIN	0.0000%	8h	195.44	−0.025%	$709K	$940K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	195.49	−0.001%	$17K	$2.7M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.48	−0.005%	$460K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	195.51	+0.010%	$15K	$54K	5x	as long as short
QFEX COIN-USD	+0.0045%	1h	195.50	+0.005%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	195.36	−0.066%	$15.2M	$13.2M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.41	−0.041%	$129K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	195.50	+0.005%	$75	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.30	−0.097%	$443K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.42	−0.036%	$985K	$136K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.28	−0.107%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	195.50	+0.005%	$565	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	195.51	+0.009%	$115	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	195.54	+0.026%	$187K	$423K	20x	as long as short
Lighter COIN	+0.0128%	1h	195.48	−0.007%	$363K	$2.3M	10x	as long as short
Phoenix COIN	+0.0163%	1h	195.47	−0.010%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0173%	4h	195.40	−0.046%	$50K	$296K	10x	as long as short