Funding you earn now, next payment 00:00 UTC−0.0663%/8h= −72.6% APRnext payment −$3.32 per $10,000 · paid last 24h −0.101%
Price spread now: Bybit against Aster−0.096%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$286as in the Price arb table
costs, in and out, $10k−$2812.808% of the position
Funding, last 5 days (all we have)−0.222%−$22 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.096%, 7d avg −0.045%
=Together, before fees−0.355%+ Points / potential airdropAster: Stage 5 · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bybit is 0.051% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.222% in total (about -15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.32 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 MUSDT | 1.4436 | 0.0763 | pay 0.0382% / 4h | 1h 02m | $14K | $114K | 5x |
| Short | Bybit MUSDT | 1.4422 | 0.0100 | get 0.0050% / 4h | 1h 02m | $4.6M | $2.3M | 20x |
Aster MUSDT
Bybit MUSDTFunding 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
- −$139.28
- Price spread: −0.096% → −0.045%
- −$5.13
- Slippage, 4 orders
- −$261.8
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$425.21
- Costs to cover
- 2.808%
- Break-even
- never at this rate
Slippage from Aster: live order book, 13 min ago; Bybit: live order book, just now.
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, 13 min ago | 16.49 bp | 98.8 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 3.12 bp | 29.5 bp −$29 | 220.7 bp −$2,207 | doesn't fit | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDTshort | +0.0100% | 4h | 1.4422 | −0.096% | $4.6M | $2.3M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4415 | −0.145% | $1.9M | $931K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4458 | +0.153% | $1.9M | $355K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4416 | −0.141% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4452 | +0.112% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4452 | +0.112% | $2K | $580K | 20x | as long as short |
| Aster MUSDTlong | +0.0763% | 4h | 1.4436 | long leg | $14K | $114K | 5x | |
| BingX M-USDT | +0.1064% | 4h | 1.4439 | +0.022% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.1082% | 4h | 1.4474 | +0.264% | $350K | $414K | 10x | as long as short |
| KuCoin MUSDTM | +0.1116% | 4h | 1.4303 | −0.918% | $1.4M | $4.4M | 10x | as long as short |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
BingX M-USDT
BloFin M-USDT
KuCoin MUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1130% | 4h | 1.4438 | +0.015% | $246K | $113K | 50x | as long as short |
| Binance MUSDT | +0.1149% | 4h | 1.4439 | +0.024% | $5.4M | $4.6M | 10x | as long as short |
MEXC M_USDT
Binance MUSDT