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 −0.010%

Price spread now: Bybit against Aster−0.161%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bybit

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: Bybit is 0.161% cheaper against Aster than usual: you would sell low and buy high, −$16 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	Aster BASEDUSDT	0.06719	0.0100	pay 0.0050% / 4h	2h 57m	$28K	$6K	5x
Short	Bybit BASEDUSDT	0.06708	0.0100	get 0.0050% / 4h	2h 57m	$2.1M	$575K	25x

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 −0.161%Rate

Funding earned: $0
Price spread: −0.161% → 0.000%: −$16.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.08
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 4 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.98 bp	77.9 bp −$78	905.4 bp −$9,054	doesn't fit	doesn't fit

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.

BASED on 15 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
BloFin BASED-USDT	+0.0074%	4h	0.06727	+0.122%	$252K	$37K	25x	as long as short
Aster BASEDUSDTlong	+0.0100%	4h	0.06719	long leg	$28K	$6K	5x
Binance BASEDUSDT	+0.0100%	4h	0.06721	+0.033%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06708	−0.161%	$2.1M	$575K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06709	−0.146%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06718	−0.012%	$535K	$506K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06721	+0.033%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06715	−0.057%	$566K	$109K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06726	+0.107%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06715	−0.057%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06718	−0.018%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06728	+0.142%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06722	+0.048%	$1K	$790K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06721	+0.029%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0236%	4h	0.06718	−0.012%	$3K	$745	10x	as long as short