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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRnext payment $0.37 per $10,000 · paid last 24h +0.057%
Price spread now: Aster against Bybit+0.130%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$601as in the Price arb table
costs, in and out, $10k−$6096.085% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.140%+$14 on $10k
Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.130%, 7d avg +0.054%
Together, before fees+0.155%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.076% dearer against Bybit than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of +0.054%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 5 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 4USDT0.020440.0518pay 0.0259% / 4h2h 25m$2.7M$1.9M5x
ShortAster 4USDT0.020470.0444get 0.0222% / 4h2h 25m$245K$113K5x

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
−$15.56
Price spread: +0.130% → +0.054%
$7.58
Slippage, 4 orders
−$589.52
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$616.51
Costs to cover
6.085%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 41 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, 2 min ago4.65 bp288.3 bp −$288doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 41 min ago5.10 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit

4 on 9 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
Variational Omni 4+0.0100%4h0.02047+0.108%$46K$9Kas long as short
SunX 4-USDT+0.0100%4h0.02048+0.176%$2K$1.2M20xas long as short
Gate 4_USDT+0.0430%4h0.02046+0.078%$550K$276K20xas long as short
Aster 4USDTshort+0.0444%4h0.02047+0.130%$245K$113K5x
BingX 4-USDT+0.0510%4h0.02050+0.254%$1.4Mas long as short
Bybit 4USDTlong+0.0518%4h0.02044long leg$2.7M$1.9M5x
MEXC 4_USDT+0.0534%4h0.02046+0.078%$1.6M$910K100xas long as short
Binance 4USDT+0.0536%4h0.02046+0.078%$7.9M$12.4M20xas long as short
KuCoin 4USDTM+0.0664%4h0.02046+0.078%$883K$12.7M20xas long as short