Funding arb · Price arb /

NIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against Bybit+0.030%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 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 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 NIGHTUSDT	0.02427	0.0100	pay 0.0050% / 4h	3h 32m	$2.0M	$1.0M	50x
Short	Aster NIGHTUSDT	0.02428	0.0100	get 0.0050% / 4h	3h 32m	$27K	$33K	10x

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 +0.030%Rate

Funding earned: $0
Price spread: +0.030% → 0.000%: $2.96
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.04
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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, 4 min ago	6.18 bp	65.0 bp −$65	doesn't fit	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.

NIGHT on 15 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 NIGHT-PERP-INTX	−2.3328%	1h	0.02180	−10.169%	$1K	—	50x	as long as short
Injective NIGHT/USDC PERP	+0.0033%	1h	0.02435	+0.330%	$1K	$58K	5.5x	as long as short
BloFin NIGHT-USDT	+0.0096%	4h	0.02429	+0.082%	$284K	$41K	50x	as long as short
Aster NIGHTUSDTshort	+0.0100%	4h	0.02428	+0.030%	$27K	$33K	10x
Binance NIGHTUSDT	+0.0100%	4h	0.02427	+0.016%	$5.3M	$6.5M	50x	as long as short
Bybit NIGHTUSDTlong	+0.0100%	4h	0.02427	long leg	$2.0M	$1.0M	50x
OKX NIGHT-USDT-SWAP	+0.0100%	4h	0.02427	−0.012%	$1.6M	$1.9M	20x	as long as short
Gate NIGHT_USDT	+0.0100%	8h	0.02428	+0.041%	$238K	$208K	20x	as long as short
KuCoin NIGHTUSDTM	+0.0100%	4h	0.02431	+0.179%	$1.4M	$5.2M	50x	as long as short
Bitget NIGHTUSDT	+0.0100%	4h	0.02431	+0.165%	$682K	$414K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NIGHT-USDT	+0.0100%	4h	0.02428	+0.041%	$2K	$1.9M	20x	as long as short
BingX NIGHT-USDT	+0.0126%	4h	0.02427	0.000%	—	$6.6M	—	as long as short
MEXC NIGHT_USDT	+0.0250%	4h	0.02428	+0.041%	$785K	$450K	100x	as long as short
Deribit NIGHT_USDC-PERPETUAL	+0.0615%	1h	0.02431	+0.152%	$100	$99	10x	as long as short
Kraken Futures PF_NIGHTUSD	+0.7600%	1h	0.02434	+0.297%	$64K	$61K	25x	as long as short