Funding you earn now, next payment 00:00 UTC−0.0267%/8h= −29.2% APRnext payment −$2.67 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against Aster−0.078%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.078%, 7d avg −0.042%
=Together, before fees−0.050%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.036% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ARBUSDT | 0.2275 | 0.0100 | pay 0.0100% / 8h | 15m 59s | $709K | $1.6M | 20x |
| Short | Bybit ARBUSDT | 0.2273 | −0.0167 | pay 0.0167% / 8h | 15m 59s | $58.6M | $128.3M | 50x |
Aster ARBUSDT
Bybit ARBUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.02
- Price spread: −0.078% → −0.042%
- −$3.64
- Slippage, 4 orders
- −$28.33
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$106.99
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 3.09 bp | 22.0 bp −$22 | 53.2 bp −$532 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.22 bp | 10.1 bp −$10 | 17.1 bp −$171 | 46.8 bp −$4,683 | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1785% | 1h | 0.2255 | −0.878% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0256% | 1h | 0.2269 | −0.272% | $68K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0186% | 8h | 0.2268 | −0.319% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2269 | −0.263% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDTshort | −0.0167% | 8h | 0.2273 | −0.078% | $58.6M | $128.3M | 50x | |
| Deribit ARB_USDC-PERPETUAL | −0.0146% | 1h | 0.2270 | −0.241% | $26K | $32K | 25x | as long as short |
| SoDEX ARB-USD | −0.0125% | 1h | 0.2269 | −0.272% | $4K | $2.6M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0106% | 8h | 0.2274 | −0.052% | $22.9M | $160.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0105% | 8h | 0.2274 | −0.043% | $38.6M | $60.0M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0039% | 8h | 0.2269 | −0.263% | $13K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0003% | 8h | 0.2272 | −0.136% | $5.5M | $20.3M | 60x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2272 | −0.146% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2270 | −0.198% | $56K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0012% | 8h | 0.2275 | +0.018% | $66.9M | $313.8M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2274 | −0.064% | $361K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0049% | 8h | 0.2265 | −0.443% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0061% | 8h | 0.2274 | −0.043% | $21.5M | $36.0M | 50x | as long as short |
| BingX ARB-USDC | +0.0062% | 8h | 0.2274 | −0.056% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2271 | −0.186% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2271 | −0.158% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2276 | +0.049% | $41.2M | $47.7M | 10x | as long as short |
| Aster ARBUSDTlong | +0.0100% | 8h | 0.2275 | long leg | $709K | $1.6M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2271 | −0.160% | $47K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2277 | +0.075% | $19.8M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2263 | −0.527% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2265 | −0.439% | $483K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2264 | −0.483% | $122K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2271 | −0.175% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2267 | −0.355% | $292K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2269 | −0.263% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2271 | −0.158% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2271 | −0.157% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2268 | −0.327% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0296% / S −0.0186% | 1h | 0.2270 | −0.217% | $928K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2272 | −0.146% | $516K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0477% | 1h | 0.2275 | +0.001% | $1.0M | $2.9M | 20x | as long as short |
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP