Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit+0.178%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.178% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IOUSDT	0.1506	0.0100	pay 0.0050% / 4h	3h 05m	$1.1M	$570K	25x
Short	Aster IOUSDT	0.1509	0.0100	get 0.0050% / 4h	3h 05m	$23K	$42K	5x

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 +0.178%Rate

Funding earned: $0
Price spread: +0.178% → 0.000%: $17.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.23
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Aster: no order-book sample. Net counts fees only.

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	3.32 bp	81.9 bp −$82	627.1 bp −$6,271	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IO 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
Hyperliquid IO	+0.0100%	1h	0.1507	+0.093%	$1.0M	$274K	3x	as long as short
Aster IOUSDTshort	+0.0100%	4h	0.1509	+0.178%	$23K	$42K	5x
Binance IOUSDT	+0.0100%	4h	0.1509	+0.178%	$3.0M	$4.8M	50x	as long as short
Bybit IOUSDTlong	+0.0100%	4h	0.1506	long leg	$1.1M	$570K	25x
Gate IO_USDT	+0.0100%	4h	0.1509	+0.173%	$225K	$456K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1506	0.000%	$1.2M	$218K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1508	+0.133%	$347K	$192K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1512	+0.398%	$1.4M	$924K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1507	+0.066%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1506	−0.016%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1508	+0.158%	$3K	$206K	5x	as long as short
BloFin IO-USDT	+0.0153%	4h	0.1508	+0.133%	$191K	$32K	50x	as long as short
Injective IO/USDC PERP	+0.0277%	1h	0.1492	−0.930%	$2K	$196	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.9481%	1h	0.1512	+0.401%	$39K	$7K	10x	as long as short