Funding arb · Price arb /

S

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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 −0.121%

Price spread now: Aster against Bybit+0.193%7-day average +0.139% · 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−$115as in the Price arb table

costs, in and out, $10k−$1201.202% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.288%−$29 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.193%, 7d avg +0.139%

Together, before fees−0.395%+ Points / potential airdropAster: Stage 5 · farm board−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.054% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSDT	0.03907	0.0100	pay 0.0050% / 4h	1h 01m	$5.6M	$5.4M	50x
Short	Aster SUSDT	0.03915	0.0100	get 0.0050% / 4h	1h 01m	$43K	$212K	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 +0.193%Rate

Funding earned: $0
Price spread: +0.193% → +0.139%: $5.44
Slippage, 4 orders: −$101.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$114.72
Costs to cover: 1.202%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 15 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 Bybit live order book, 1 min ago	1.28 bp	25.4 bp −$25	75.8 bp −$758	doesn't fit	doesn't fit
Sell Aster live order book, 15 min ago	8.98 bp	31.5 bp −$32	doesn't fit	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.2080%	1h	0.03840	−1.715%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1598%	1h	0.03912	+0.124%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.073%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0957%	4h	0.03896	−0.282%	$606K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0199% / S +0.0192%	1h	0.03919	+0.297%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03914	+0.172%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03917	+0.264%	$604	—	150x	as long as short
Orderly PERP_S_USDC	+0.0031%	4h	0.03915	+0.205%	$100K	$343K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.940%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03920	+0.333%	$164K	$223K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03915	+0.195%	$982K	$713K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.03915	+0.193%	$43K	$212K	10x
Binance SUSDT	+0.0100%	4h	0.03914	+0.179%	$5.3M	$18.0M	75x	as long as short
Bybit SUSDTlong	+0.0100%	4h	0.03907	long leg	$5.6M	$5.4M	50x
OKX S-USDT-SWAP	+0.0100%	4h	0.03912	+0.128%	$975K	$5.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03910	+0.077%	$319K	$266K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03914	+0.179%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03912	+0.128%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03914	+0.179%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03913	+0.154%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	+0.077%	$25K	$452K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03913	+0.147%	$219K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0260%	1h	0.03923	+0.410%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03914	+0.179%	$266K	$125K	75x	as long as short
Backpack S_USDC_PERP	+0.0394%	1h	0.03920	+0.333%	$114K	$302K	5x	as long as short