Funding you earn now, next payment 16:00 UTC+0.0251%/8h= +27.4% APRnext payment +$2.51 per $10,000 · paid last 24h +0.036%
Price spread now: Aster against Bybit+0.114%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now +0.114%, 7d avg +0.044%
=Together, before fees+0.143%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 0.070% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.132% in total (about 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.51 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARBUSDT | 0.2187 | −0.0151 | get 0.0151% / 8h | 6h 19m | $53.7M | $123.5M | 50x |
| Short | Aster ARBUSDT | 0.2189 | 0.0100 | get 0.0100% / 8h | 6h 19m | $626K | $1.6M | 20x |
Bybit ARBUSDT
Aster ARBUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $52.61
- Price spread: +0.114% → +0.044%
- $6.96
- Slippage, 4 orders
- −$18.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $22.05
- Costs to cover
- 0.375%
- Break-even
- 4.1 days
Slippage from Bybit: live order book, 2 min ago; Aster: 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 Bybit live order book, 2 min ago | 0.23 bp | 8.4 bp −$8 | 17.4 bp −$174 | 49.3 bp −$4,931 | doesn't fit |
| Sell Aster live order book, 2 min ago | 2.74 bp | 9.9 bp −$10 | 26.3 bp −$263 | doesn't fit | doesn't fit |
ARB on 36 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1631% | 1h | 0.2177 | −0.444% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0391% | 1h | 0.2189 | +0.112% | $1.1M | $4.2M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0256% | 1h | 0.2187 | +0.032% | $7K | $414 | 10x | as long as short |
| Bybit ARBUSDTlong | −0.0151% | 8h | 0.2187 | long leg | $53.7M | $123.5M | 50x | |
| OKX ARB-USDT-SWAP | −0.0123% | 8h | 0.2187 | +0.005% | $22.7M | $144.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0122% | 8h | 0.2187 | +0.005% | $43.3M | $63.3M | 200x | as long as short |
| SoDEX ARB-USD | −0.0084% | 1h | 0.2188 | +0.037% | $9K | $2.2M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0070% | 1h | 0.2189 | +0.091% | $29K | $36K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0027% | 8h | 0.2188 | +0.059% | $16K | $412K | 10x | as long as short |
| Binance ARBUSDT | −0.0018% | 8h | 0.2187 | −0.002% | $63.8M | $292.8M | 75x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
Binance ARBUSDTShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2186 | −0.019% | $359K | $3.0M | 25x | as long as short |
| Gate ARB_USDT | −0.0007% | 8h | 0.2187 | +0.023% | $5.4M | $17.8M | 60x | as long as short |
| Variational Omni ARB | −0.0004% | 8h | 0.2186 | −0.018% | $1.8M | $2.8M | — | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2188 | +0.048% | $64K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2189 | +0.122% | $73K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2189 | +0.109% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0091% | 8h | 0.2187 | +0.018% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2187 | +0.018% | $1.2M | $5.6M | 15x | as long as short |
| Bitget ARBUSDT | +0.0096% | 8h | 0.2187 | +0.014% | $21.0M | $33.9M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2190 | +0.151% | $35.7M | $50.3M | 10x | as long as short |
| Aster ARBUSDTshort | +0.0100% | 8h | 0.2189 | +0.114% | $626K | $1.6M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2188 | +0.078% | $42K | $144K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2188 | +0.046% | $19.0M | $13.6M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2190 | +0.148% | $40K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2190 | +0.168% | $471K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2191 | +0.197% | $118K | $312K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2189 | +0.105% | $73K | $1.9M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2193 | +0.288% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.078% | $296K | $811K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2188 | +0.059% | $4.7M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0106% | 8h | 0.2188 | +0.082% | $3.0M | $2.1M | 75x | as long as short |
| RISEx ARB/USDC | +0.0198% | 1h | 0.2191 | +0.182% | $528K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0276% / S −0.0159% | 1h | 0.2189 | +0.102% | $828K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2187 | +0.022% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0408% | 1h | 0.2197 | +0.471% | $524K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0439% | 1h | 0.2191 | +0.192% | $979K | $2.7M | 20x | as long as short |
Extended ARB-USD
Gate ARB_USDT
Variational Omni ARB
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
BingX ARB-USDC
Lighter ARB
Bitget ARBUSDT
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP