Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against Aster−0.006%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOTUSDT	0.0005054	0.0100	pay 0.0050% / 4h	1h 41m	$14K	$9K	5x
Short	Bybit NOTUSDT	0.0005054	0.0100	get 0.0050% / 4h	1h 41m	$2.1M	$811K	25x

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 −0.006%Rate

Funding earned: $0
Price spread: −0.006% → 0.000%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.59
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, just now. 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, just now	4.95 bp	30.3 bp −$30	137.0 bp −$1,370	doesn't fit	doesn't fit

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.

NOT on 16 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
Variational Omni NOT	−0.0129%	4h	0.0005039	−0.312%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.567%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0091%	4h	0.0005061	+0.133%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005071	+0.334%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005060	+0.113%	$370K	$51K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005054	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005057	+0.046%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005054	−0.006%	$2.1M	$811K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005051	−0.065%	$615K	$583K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005060	+0.113%	$141K	$78K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005054	−0.006%	$1.3M	$457K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005056	+0.034%	$494K	$120K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005060	+0.113%	$665K	$386K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005062	+0.152%	—	$723K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005060	+0.113%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6130%	1h	0.0005099	+0.875%	$49K	$9K	10x	as long as short