Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%

Price spread now: Aster against Bybit+0.305%7-day average +0.097% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1361.362% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.305%, 7d avg +0.097%

Together, before fees+0.069%+ Points / potential airdropAster: Stage 5 · farm board+$7 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: Aster is 0.208% dearer against Bybit than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5790	0.0100	pay 0.0100% / 8h	49m 16s	$4.7M	$9.0M	75x
Short	Aster ARUSDT	4.5930	0.0100	get 0.0100% / 8h	49m 16s	$20K	$611K	10x

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

Position, each leg$Hold fordaysFee BybitbpFee AsterbpOrdersPrice spread, now +0.305%Rate

Funding earned: $0
Price spread: +0.305% → +0.097%: $20.8
Slippage, 4 orders: −$117.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$115.45
Costs to cover: 1.362%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 28 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 Bybit live order book, 4 min ago	1.09 bp	42.3 bp −$42	155.9 bp −$1,559	doesn't fit	doesn't fit
Sell Aster live order book, 28 min ago	10.96 bp	21.4 bp −$21	doesn't fit	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	−0.1966%	1h	4.5783	−0.015%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.5936	+0.320%	$590K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0003%	8h	4.5770	−0.044%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.153%	$3K	$339	5.5x	as long as short
ApeX Omni ARUSDT	+0.0034%	1h	4.6080	+0.633%	$58K	$747K	50x	as long as short
MEXC AR_USDT	+0.0051%	8h	4.5900	+0.240%	$6.8M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0052%	8h	4.5790	0.000%	$9.1M	$55.8M	75x	as long as short
Extended AR-USD	+0.0056%	1h	4.5871	+0.177%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6031	+0.526%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDTshort	+0.0100%	8h	4.5930	+0.305%	$20K	$611K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDTlong	+0.0100%	8h	4.5790	long leg	$4.7M	$9.0M	75x
Gate AR_USDT	+0.0100%	8h	4.5970	+0.393%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5990	+0.437%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5810	+0.044%	$3.9M	$5.6M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5910	+0.262%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6024	+0.512%	$139K	$172K	—	as long as short
BloFin AR-USDT	+0.0172%	8h	4.5830	+0.087%	$430K	$675K	20x	as long as short