Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against KuCoin−0.043%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.043%, 7d avg −0.013%

Together, before fees+0.036%+$4 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 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7357	0.0100	pay 0.0050% / 4h	2h 07m	$10.9M	$3.2M	75x
Short	Bybit ASTERUSDT	0.7354	0.0100	get 0.0050% / 4h	2h 07m	$49.2M	$22.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.013%: −$3.06
Slippage, 4 orders: −$38.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.2
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 2 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 KuCoin live order book, 1 min ago	1.84 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.68 bp	13.8 bp −$14	42.9 bp −$429	150.9 bp −$15.1K	doesn't fit

ASTER on 31 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
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7342	−0.204%	$266K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7355	−0.030%	$55.0M	$101.4M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7354	−0.041%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7355	−0.026%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.446%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7358	+0.011%	$8K	$4K	10x	as long as short
dYdX ASTER-USD	+0.0089%	1h	0.7359	+0.021%	$15K	$1K	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7358	+0.011%	$893K	$898K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0096%	4h	0.7351	−0.084%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7354	−0.048%	$367K	$254K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7362	+0.063%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7357	−0.003%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7359	+0.020%	$90.2M	$110.3M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7354	−0.043%	$49.2M	$22.5M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7363	+0.079%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7354	−0.043%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7359	+0.024%	$33.8M	$18.0M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7357	long leg	$10.9M	$3.2M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7355	−0.030%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7358	+0.011%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7358	+0.015%	$220K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	−0.095%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7344	−0.173%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7342	−0.207%	$65K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7355	−0.030%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7355	−0.030%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7355	−0.030%	$244K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7353	−0.054%	$367K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0120%	4h	0.7343	−0.195%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7359	+0.031%	$339K	$490K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7354	−0.042%	$28K	—	100x	as long as short