Funding arb · Price arb /

H

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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 0.000%

Price spread now: Bybit against Aster+0.040%7-day average −0.137% · 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−$420as in the Price arb table

costs, in and out, $10k−$4384.380% 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)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.305%−$31 · spread now +0.040%, 7d avg −0.137%

Together, before fees−0.414%+ Points / potential airdropAster: Stage 5 · farm board−$41 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 0.177% dearer against Aster than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.06870	0.0100	pay 0.0050% / 4h	2h 56m	$113K	$54K	5x
Short	Bybit HUSDT	0.06872	0.0100	get 0.0050% / 4h	2h 56m	$7.5M	$4.7M	13x

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 +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.137%: $17.72
Slippage, 4 orders: −$418.98
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$420.26
Costs to cover: 4.380%
Break-even: never at this rate

Slippage from Aster: live order book, 9 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, 9 min ago	4.36 bp	58.9 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.91 bp	38.3 bp −$38	168.7 bp −$1,687	doesn't fit	doesn't fit

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−9.020%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0099%	4h	0.06884	+0.209%	$588K	$115K	25x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.06870	long leg	$113K	$54K	5x
Binance HUSDT	+0.0100%	4h	0.06883	+0.195%	$14.8M	$10.8M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06872	+0.040%	$7.5M	$4.7M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06887	+0.253%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06874	+0.064%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06880	+0.151%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06878	+0.122%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06863	−0.096%	$1.7M	$450K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06874	+0.064%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06838	−0.456%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06863	−0.094%	$1.1M	$440K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06881	+0.170%	$11K	$103K	5x	as long as short