Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / Crypto

PLAY

All PLAY markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitPLAYSOUTUSDT
0.01530+0.5180pay 0.2590% / 4h3h 05m$339K$245K12.5xLong Bybit
SHORT
AsterPLAYUSDT
0.01515−0.1042pay 0.0521% / 4h3h 05m$1.9M$368K5xShort Aster≤10% back
Price gap−1.001%
Funding gap−0.6221% /8h

Both sides work against this direction now: funding costs $187 a day on $10k and the gap is 0.839% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$60−0.6221% /8h now · paid −0.602% over the last 7D
Price−$84spread −1.001% now, avg −0.162% → −0.839% if it goes back
Costs−$6706.698% of $10k · taker + slippage, in and out
Result−$814−8.14%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.602% in total, about −0.0287%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−1.001%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PLAY on 7 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size246.7 / 82.4 bp
    At $10k entering Bybit costs 246.7 bp, fee and slippage, 3.0× Aster’s.
  • Note: Margin at max leverage$800 + $2,000
    Bybit 12.5x, Aster 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$186.64Long Bybit: 6 payments, −$155.39; short Aster: 6 payments, −$31.25.
  • Watch: Gap narrower than usual−1.001% vs −0.162%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$339K vs $1.9M OI
    Bybit sets your exit cost. Check its book before closing.
  • OK: Points on a legAster Stage 5
    Volume here counts toward the points program.
  • Watch: KYCBybit Yes · Aster No
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0287%/8h × 21 periods−$60.23
Price spread−1.001% → −0.162% (7d avg)−$83.89
Slippage, 4 orderslive order books−$650.82
Fee Bybit bp × 2 orders−$11.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$813.94
Costs to cover6.698%Break-evennever at this rate
Slippage: Bybit: live order book, 29 min ago; Aster: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit3.27246.7 bp−$247doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAster39.6682.4 bp−$82doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert