Funding arb · Price arb /

ATH

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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 +0.016%

Price spread now: Aster against Bybit+0.124%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.124% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005617	0.0100	pay 0.0050% / 4h	2h 22m	$4.5M	$2.3M	25x
Short	Aster ATHUSDT	0.005624	0.0100	get 0.0050% / 4h	2h 22m	$7K	$34K	5x

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 +0.124%Rate

Funding earned: $0
Price spread: +0.124% → 0.000%: $12.43
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Aster: no order-book sample. Net counts fees only.

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, 1 min ago	4.45 bp	44.1 bp −$44	178.4 bp −$1,784	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ATH on 13 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_ATHUSD	−0.3491%	1h	0.005611	−0.106%	$20K	$107K	10x	as long as short
Variational Omni ATH	−0.0146%	4h	0.005626	+0.157%	$189K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005640	+0.405%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0039%	4h	0.005613	−0.071%	$720K	$1.3M	20x	as long as short
Aster ATHUSDTshort	+0.0100%	4h	0.005624	+0.124%	$7K	$34K	5x
Binance ATHUSDT	+0.0100%	4h	0.005629	+0.213%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDTlong	+0.0100%	4h	0.005617	long leg	$4.5M	$2.3M	25x
Gate ATH_USDT	+0.0100%	4h	0.005616	−0.018%	$805K	$530K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005625	+0.142%	$9.0M	$665K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005616	−0.018%	$564K	$84K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005623	+0.107%	$1.6M	$805K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005621	+0.071%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0145%	4h	0.005635	+0.320%	$174K	$62K	75x	as long as short