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: Aster against Bybit+0.171%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 0.171% dearer against Bybit than usual: you sell high and buy low, +$17 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 BASEDUSDT	0.06710	0.0100	pay 0.0050% / 4h	2h 47m	$2.1M	$571K	25x
Short	Aster BASEDUSDT	0.06721	0.0100	get 0.0050% / 4h	2h 47m	$28K	$6K	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

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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 +0.171%Rate

Funding earned: $0
Price spread: +0.171% → 0.000%: $17.07
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.93
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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, 4 min ago	3.73 bp	46.4 bp −$46	doesn't fit	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.

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	+0.0057%	4h	0.06724	+0.209%	$210K	$37K	25x	as long as short
Aster BASEDUSDTshort	+0.0100%	4h	0.06721	+0.171%	$28K	$6K	5x
Binance BASEDUSDT	+0.0100%	4h	0.06727	+0.253%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06710	long leg	$2.1M	$571K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06718	+0.119%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06719	+0.134%	$534K	$511K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06728	+0.268%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06713	+0.045%	$560K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06737	+0.402%	$1.3M	$358K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06717	+0.104%	—	$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	0.06704	−0.089%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06720	+0.149%	$92K	$388K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06722	+0.179%	$2K	$787K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06726	+0.244%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0268%	4h	0.06722	+0.179%	$3K	$652	10x	as long as short