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

USD1

all USD1 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.050%
Price spread now: Bybit against Aster−0.063%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Bybit is 0.063% cheaper against Aster than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USD1USDT0.9997−0.0040get 0.0040% / 8h5h 20m$22K$5K20x
ShortBybit USD1USDT0.99910.0034get 0.0017% / 4h1h 20m$577K$24K50x

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

Funding earned
$15.51
Price spread: −0.063% → 0.000%
−$6.26
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$9.75
Costs to cover
0.190%
Break-even
11.4 days
Slippage unknown: Aster: no order-book sample; Bybit: live order book, 35 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Bybit live order book, 35 min ago0.50 bp6.4 bp −$614.2 bp −$142doesn't fitdoesn'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.

USD1 on 3 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
Aster USD1USDTlong−0.0040%8h0.9997long leg$22K$5K20x
Bybit USD1USDTshort+0.0034%4h0.9991−0.063%$577K$24K50x
Gate USD1_USDT+0.0038%4h0.9994−0.033%$105K$3K50xas long as short