Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Aster against Bybit−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.023% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 2ZUSDT	0.05238	0.0100	pay 0.0050% / 4h	3h 33m	$721K	$963K	50x
Short	Aster 2ZUSDT	0.05237	0.0100	get 0.0050% / 4h	3h 33m	$12K	$57K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → 0.000%: −$2.27
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.27
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Aster: no order-book sample. Net counts fees only.

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 Bybit live order book, 2 min ago	3.82 bp	23.6 bp −$24	1534.4 bp −$15.3K	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

2Z 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
Backpack 2Z_USDC_PERP	−0.0657%	1h	0.05229	−0.172%	$45K	$22K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.926%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05244	+0.115%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05236	−0.038%	$676K	$353K	3x	as long as short
Aster 2ZUSDTshort	+0.0100%	4h	0.05237	−0.023%	$12K	$57K	5x
Pacifica 2Z	+0.0100%	1h	0.05234	−0.080%	$75K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05230	−0.147%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDTlong	+0.0100%	4h	0.05238	long leg	$721K	$963K	50x
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05233	−0.095%	$449K	$713K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05241	+0.057%	$91K	$61K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05239	+0.019%	$328K	$131K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05232	−0.111%	$179K	$55K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05240	+0.038%	$162K	$625K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05236	−0.038%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05239	+0.011%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05237	−0.019%	$1K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0567%	1h	0.05242	+0.072%	$5K	$3K	10x	as long as short