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: Aster against Extended−0.045%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

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

Long on Extended Short on Aster

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)+0.111%+$11 · spread now −0.045%, 7d avg +0.028%

Together, before fees+0.033%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$3 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 0.073% cheaper against Extended than usual: you would sell low and buy high, −$7 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	Extended COIN_24_5-USD	196.00	0	get 0.0000% / 1h	12m 01s	$117K	$785K	10x
Short	Aster COINUSDT	195.91	0	get 0.0000% / 8h	1h 12m	$342K	$890K	20x

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 −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.028%: −$7.34
Slippage, 4 orders: −$127.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$148.24
Costs to cover: 1.409%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; Aster: live order book, 31 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, 31 min ago	1.02 bp	9.0 bp −$9	45.2 bp −$452	doesn't fit	doesn't fit
Sell Aster live order book, 31 min ago	50.89 bp	62.1 bp −$62	70.9 bp −$709	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	−0.0578%	8h	196.27	+0.140%	$6.4M	$10.6M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.01	+0.007%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0084%	1h	195.56	−0.222%	—	$326K	25x	as long as short
Aster COINUSDTshort	0.0000%	8h	195.91	−0.045%	$342K	$890K	20x
Extended COIN_24_5-USDlong	0.0000%	1h	196.00	long leg	$117K	$785K	10x
Binance COINUSDT	0.0000%	8h	196.06	+0.033%	$15.1M	$82.0M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.06	+0.033%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.13	+0.068%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	196.13	+0.068%	$1.2M	$7.4M	50x	as long as short
Variational Omni COIN	0.0000%	8h	195.99	−0.003%	$713K	$980K	—	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	196.11	+0.057%	$19K	$2.8M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	195.96	−0.018%	$461K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.24	+0.124%	$15K	$54K	5x	as long as short
QFEX COIN-USD	+0.0045%	1h	196.06	+0.033%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	195.94	−0.029%	$15.2M	$13.2M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	195.96	−0.018%	$130K	$1.4M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.12	+0.063%	$80	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.99	−0.003%	$435K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	195.78	−0.110%	$987K	$136K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.85	−0.075%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.02	+0.012%	$567	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.07	+0.036%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.16	+0.084%	$186K	$428K	20x	as long as short
Lighter COIN	+0.0128%	1h	195.98	−0.007%	$364K	$2.3M	10x	as long as short
Phoenix COIN	+0.0163%	1h	196.00	+0.002%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0696%	4h	196.05	+0.027%	$50K	$296K	10x	as long as short