Funding arb · Price arb /

AR

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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: Aster against Bybit+0.228%7-day average +0.100% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1271.270% of the position

Long on Bybit Short on Aster

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)−0.070%−$7 · spread now +0.228%, 7d avg +0.100%

Together, before fees+0.027%+ Points / potential airdropAster: 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 0.128% dearer against Bybit than usual: you sell high and buy low, +$13 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	Bybit ARUSDT	4.4663	0.0100	pay 0.0100% / 8h	2h 18m	$4.6M	$9.0M	75x
Short	Aster ARUSDT	4.4765	0.0100	get 0.0100% / 8h	2h 18m	$20K	$621K	10x

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 +0.228%Rate

Funding earned: $0
Price spread: +0.228% → +0.100%: $12.8
Slippage, 4 orders: −$108.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$114.25
Costs to cover: 1.270%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 5 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 Bybit live order book, 5 min ago	2.23 bp	49.3 bp −$49	163.6 bp −$1,636	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	7.79 bp	24.9 bp −$25	doesn't fit	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	−0.2005%	1h	4.4754	+0.205%	$46K	$155K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.4726	+0.142%	$575K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	+2.367%	$3K	$363	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4743	+0.179%	$3.8M	$4.8M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.4765	+0.228%	$20K	$621K	10x
Binance ARUSDT	+0.0100%	8h	4.4662	−0.001%	$8.7M	$56.1M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.4663	long leg	$4.6M	$9.0M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.4640	−0.051%	$2.2M	$20.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4690	+0.060%	$2.5M	$2.3M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.4670	+0.016%	$6.8M	$4.8M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.4750	+0.195%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.4730	+0.150%	$3.8M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4680	+0.038%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4848	+0.413%	$137K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4880	+0.486%	$58K	$747K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4657	−0.013%	$36K	$237K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4720	+0.128%	$419K	$668K	20x	as long as short