Funding arb · Price arb /

ASTS

RWAall ASTS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.014%

Price spread now: Bybit against QFEX−0.098%7-day average −0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1591.585% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.098%, 7d avg −0.003%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.095% cheaper against QFEX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ASTS-USD	61.520	0.0054	pay 0.0007% / 1h	20m 23s	$1.1M	$1.9M	10x
Short	Bybit ASTSUSDT	61.460	0	get 0.0000% / 8h	2h 20m	$699K	$315K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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 QFEXbpFee BybitbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$11.32
Price spread: −0.098% → −0.003%: −$9.49
Slippage, 4 orders: −$137.5
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$179.32
Costs to cover: 1.585%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Bybit: live order book, 24 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 QFEX live order book, 2 min ago	2.44 bp	9.7 bp −$10	19.3 bp −$193	doesn't fit	doesn't fit
Sell Bybit live order book, 24 min ago	4.86 bp	72.6 bp −$73	177.4 bp −$1,774	doesn't fit	doesn't fit

ASTS on 15 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
Bitget ASTSUSDT	−0.0084%	8h	61.460	−0.098%	$1.2M	$357K	20x	as long as short
Aster ASTSUSDT	0.0000%	8h	61.543	+0.037%	$13K	$28K	20x	as long as short
Bybit ASTSUSDTshort	0.0000%	8h	61.460	−0.098%	$699K	$315K	25x
OKX ASTS-USDT-SWAP	0.0000%	8h	61.440	−0.130%	$743K	$685K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	61.460	−0.098%	$1.6M	$1.2M	25x	as long as short
SunX ASTS-USDT	0.0000%	8h	61.420	−0.163%	$896	$695K	10x	as long as short
HTX ASTS-USDT	0.0000%	8h	61.400	−0.195%	$5K	$3K	20x	as long as short
Lighter RH ASTS	+0.0032%	1h	61.453	−0.109%	$9K	$31K	10x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	61.460	−0.098%	—	—	10x	as long as short
QFEX ASTS-USDlong	+0.0054%	1h	61.520	long leg	$1.1M	$1.9M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ASTS-USDT	+0.0062%	8h	61.340	−0.293%	$45K	$8K	20x	as long as short
Binance ASTSUSDT	+0.0076%	8h	61.513	−0.011%	$2.7M	$4.2M	20x	as long as short
Extended ASTS-USD	+0.0080%	1h	61.479	−0.067%	$8K	$231K	10x	as long as short
KuCoin ASTSUSDTM	+0.0100%	8h	61.380	−0.228%	$279K	$56K	20x	as long as short
GRVT ASTS_USDT_Perp	+0.0160%	8h	61.370	−0.244%	$998	$163K	10x	as long as short