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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0255%/8h= +27.9% APRnext payment +$1.27 per $10,000 · paid last 24h −0.076%
Price spread now: Bybit against Aster+0.080%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$702as in the Price arb table
costs, in and out, $10k−$7157.155% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.156%−$16 on $10k
Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.080%, 7d avg −0.056%
Together, before fees−0.450%+ Points / potential airdropAster: Stage 5 · farm board−$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.136% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.056%. Mind the row above: over the last 5 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 4USDT0.022170.0420pay 0.0210% / 4h1h 57m$252K$92K5x
ShortBybit 4USDT0.022190.0674get 0.0337% / 4h1h 57m$2.9M$1.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$53.49
Price spread: +0.080% → −0.056%
$13.56
Slippage, 4 orders
−$696.46
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$648.41
Costs to cover
7.155%
Break-even
91.9 days
Slippage from Aster: live order book, 24 min ago; Bybit: live order book, 5 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, 24 min ago7.80 bp32.2 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago3.16 bp272.5 bp −$272658.3 bp −$6,583doesn't fitdoesn't fit

4 on 9 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
Variational Omni 4+0.0100%4h0.02214−0.130%$54K$9Kas long as short
SunX 4-USDT+0.0100%4h0.02222+0.215%$1K$975K20xas long as short
MEXC 4_USDT+0.0364%4h0.02219+0.080%$2.1M$803K100xas long as short
Binance 4USDT+0.0379%4h0.02219+0.103%$8.7M$10.5M20xas long as short
Aster 4USDTlong+0.0420%4h0.02217long leg$252K$92K5x
Gate 4_USDT+0.0454%4h0.02209−0.385%$601K$230K20xas long as short
BingX 4-USDT+0.0552%4h0.02220+0.134%$1.4Mas long as short
KuCoin 4USDTM+0.0612%4h0.02217−0.010%$909K$13.2M20xas long as short
Bybit 4USDTshort+0.0674%4h0.02219+0.080%$2.9M$1.6M5x