Settings8H · net · $10k
Funding arb · Price arb /

UB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0636%/8h= +69.6% APRnext payment +$3.18 per $10,000 · paid last 24h +0.126%
Price spread now: Aster against Bybit+0.237%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2472.467% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.245%+$25 on $10k
Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.237%, 7d avg +0.090%
Together, before fees−0.023%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Aster is 0.147% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.090%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.245% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UBUSDT0.14580.0100pay 0.0050% / 4h2h 16m$1.1M$2.4M20x
ShortAster UBUSDT0.14610.0736get 0.0368% / 4h2h 16m$397K$202K5x

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

Funding earned
$133.55
Price spread: +0.237% → +0.090%
$14.7
Slippage, 4 orders
−$227.75
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$98.5
Costs to cover
2.467%
Break-even
12.2 days
Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago3.08 bp87.0 bp −$87659.6 bp −$6,596doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago7.51 bp32.6 bp −$33doesn't fitdoesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin UB-USDT+0.0099%4h0.1460+0.114%$158K$1.2M50xas long as short
Binance UBUSDT+0.0100%4h0.1461+0.182%$3.2M$16.5M50xas long as short
Bybit UBUSDTlong+0.0100%4h0.1458long leg$1.1M$2.4M20x
OKX UB-USDT-SWAP+0.0100%4h0.1458+0.032%$1.3M$15.9M20xas long as short
Gate UB_USDT+0.0100%4h0.1458−0.023%$1.5M$3.4M25xas long as short
MEXC UB_USDT+0.0100%4h0.1460+0.155%$655K$702K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1460+0.143%$1.0M$1.4M20xas long as short
Bitget UBUSDT+0.0100%4h0.1461+0.224%$2.4M$3.6M50xas long as short
BingX UB-USDT+0.0100%4h0.1458+0.032%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1461+0.215%$91$5Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX UBUSDC+0.0100%4h0.1461+0.228%$37K$259K10xas long as short
HTX UB-USDT+0.0100%4h0.1461+0.196%$15K$172K20xas long as short
Extended UB-USD+0.0104%1h0.1460+0.147%$943$176K5xas long as short
Aster UBUSDTshort+0.0736%4h0.1461+0.237%$397K$202K5x