Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Bybit against Aster−0.055%7-day average −0.091% · 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−$117as in the Price arb table

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.055%, 7d avg −0.091%

Together, before fees−0.315%+ Points / potential airdropAster: Stage 5 · farm board−$31 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: Bybit is 0.035% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ARUSDT	4.2558	0.0100	pay 0.0100% / 8h	1h 35m	$42K	$444K	10x
Short	Bybit ARUSDT	4.2534	0.0100	get 0.0100% / 8h	1h 35m	$4.2M	$9.1M	75x

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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.091%: $3.53
Slippage, 4 orders: −$101.17
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$116.65
Costs to cover: 1.202%
Break-even: never at this rate

Slippage from Aster: live order book, 7 min ago; Bybit: live order book, 2 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 Aster live order book, 7 min ago	14.16 bp	36.0 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.36 bp	17.3 bp −$17	101.4 bp −$1,014	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.2659%	1h	4.2445	−0.264%	$52K	$184K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2536	−0.050%	$547K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.953%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.2590	+0.076%	$3.4M	$4.6M	5x	as long as short
Aster ARUSDTlong	+0.0100%	8h	4.2558	long leg	$42K	$444K	10x
Binance ARUSDT	+0.0100%	8h	4.2531	−0.063%	$8.4M	$50.9M	75x	as long as short
Bybit ARUSDTshort	+0.0100%	8h	4.2534	−0.055%	$4.2M	$9.1M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.2520	−0.088%	$2.2M	$16.8M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2470	−0.206%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2530	−0.065%	$6.0M	$4.2M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.2500	−0.135%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2480	−0.182%	$3.7M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2540	−0.041%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2568	+0.023%	$245K	$588K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2410	−0.347%	$20K	$713K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2521	−0.087%	$35K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2570	+0.029%	$410K	$451K	20x	as long as short