PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0350%/8h= −38.3% APRnext payment −$1.75 per $10,000 · paid last 24h −0.086%

Price spread now: Bybit against Aster+0.312%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$3263.260% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.112%+$11 on $10k

Price spread, last 7 days−0.294%−$29 · spread now +0.312%, 7d avg +0.081%

Together, before fees−0.182%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.232% dearer against Aster than usual: you sell high and buy low (spread +0.312% now, against its 7-day average of +0.081%): +$23 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 5 days funding on this pair paid +0.112%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.112% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 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 PTBUSDT	0.001124	0.0450	pay 0.0225% / 4h	56m 17s	$89K	$915K	5x
Short	Bybit PTBUSDT	0.001127	0.0100	get 0.0050% / 4h	56m 17s	$1.7M	$23.8M	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 +0.312%Rate

Funding earned: −$73.4
Price spread: +0.312% → +0.081%: $23.17
Slippage, 4 orders: −$307.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$376.25
Costs to cover: 3.260%
Break-even: never at this rate

Slippage from Aster: live order book, 47 min ago; Bybit: live order book, 2 min ago.

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, 47 min ago	10.06 bp	25.6 bp −$26	309.1 bp −$3,091	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.14 bp	63.6 bp −$64	492.0 bp −$4,920	doesn't fit	doesn't fit

PTB on 10 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 PTBUSDTshort	+0.0100%	4h	0.001127	+0.312%	$1.7M	$23.8M	25x
Variational Omni PTB	+0.0100%	4h	0.001123	−0.060%	$33K	$90K	—	as long as short
MEXC PTB_USDT	+0.0172%	4h	0.001125	+0.117%	$366K	$944K	20x	as long as short
Binance PTBUSDT	+0.0173%	4h	0.001127	+0.295%	$8.1M	$151.0M	20x	as long as short
Extended kPTB-USD	+0.0176%	1h	0.001127	+0.292%	$4K	$42K	5x	as long as short
BingX PTB-USDT	+0.0180%	4h	0.001128	+0.321%	—	$2.3M	—	as long as short
BloFin PTB-USDT	+0.0221%	4h	0.001122	−0.177%	$475K	$742K	20x	as long as short
KuCoin PTBUSDTM	+0.0360%	4h	0.001127	+0.312%	$1.7M	$7.7M	20x	as long as short
Aster PTBUSDTlong	+0.0450%	4h	0.001124	long leg	$89K	$915K	5x
Gate PTB_USDT	+0.0738%	4h	0.001121	−0.293%	$1.9M	$5.6M	25x	as long as short