Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.315%7-day average −0.129% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$366as in the Price arb table

costs, in and out, $10k−$3473.470% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.315%, 7d avg −0.129%

Together, before fees−0.053%+ Points / potential airdropAster: Stage 5 · farm board−$5 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: Bybit is 0.187% cheaper against Aster than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.06919	0.0100	pay 0.0050% / 4h	2h 16m	$113K	$55K	5x
Short	Bybit HUSDT	0.06897	0.0100	get 0.0050% / 4h	2h 16m	$7.6M	$5.0M	13x

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 −0.315%Rate

Funding earned: $0
Price spread: −0.315% → −0.129%: −$18.67
Slippage, 4 orders: −$327.98
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$365.65
Costs to cover: 3.470%
Break-even: never at this rate

Slippage from Aster: live order book, 30 min ago; Bybit: 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 Aster live order book, 30 min ago	5.87 bp	96.7 bp −$97	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.72 bp	36.1 bp −$36	172.0 bp −$1,720	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.667%	$1K	$1	5.5x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.06919	long leg	$113K	$55K	5x
Binance HUSDT	+0.0100%	4h	0.06908	−0.150%	$14.8M	$11.1M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06897	−0.315%	$7.6M	$5.0M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06910	−0.128%	$1.8M	$6.5M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06901	−0.258%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06910	−0.128%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06904	−0.214%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06905	−0.200%	$1.7M	$449K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06906	−0.185%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06926	+0.101%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06981	+0.896%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06912	−0.095%	$9K	$92K	5x	as long as short
BloFin H-USDT	+0.0124%	4h	0.06918	−0.012%	$587K	$114K	25x	as long as short