Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Bybit against Aster−0.022%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1291.286% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now −0.022%, 7d avg −0.100%

Together, before fees−0.329%+ Points / potential airdropAster: Stage 5 · farm board−$33 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: Bybit is 0.078% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.5649	0.0100	pay 0.0100% / 8h	1h 02m	$20K	$615K	10x
Short	Bybit ARUSDT	4.5639	0.0100	get 0.0100% / 8h	1h 02m	$4.7M	$8.9M	75x

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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.100%: $7.76
Slippage, 4 orders: −$109.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$120.79
Costs to cover: 1.286%
Break-even: never at this rate

Slippage from Aster: live order book, 15 min ago; Bybit: live order book, 1 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, 15 min ago	10.96 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.29 bp	36.2 bp −$36	149.0 bp −$1,490	doesn't fit	doesn't fit

AR 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
Kraken Futures PF_ARUSD	−0.1895%	1h	4.5669	+0.043%	$46K	$157K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5694	+0.098%	$587K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0027%	8h	4.5640	−0.020%	$2.4M	$20.8M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+0.155%	$3K	$339	5.5x	as long as short
Binance ARUSDT	+0.0061%	8h	4.5645	−0.009%	$9.0M	$55.6M	75x	as long as short
Extended AR-USD	+0.0064%	1h	4.5641	−0.018%	$37K	$237K	10x	as long as short
MEXC AR_USDT	+0.0067%	8h	4.5660	+0.024%	$6.9M	$4.6M	100x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5750	+0.221%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.5649	long leg	$20K	$615K	10x
Bybit ARUSDTshort	+0.0100%	8h	4.5639	−0.022%	$4.7M	$8.9M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5680	+0.068%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5690	+0.089%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5640	−0.020%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5650	+0.002%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5729	+0.175%	$139K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5820	+0.374%	$58K	$749K	50x	as long as short
BloFin AR-USDT	+0.0187%	8h	4.5680	+0.068%	$427K	$673K	20x	as long as short