Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.119%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 0.119% cheaper against Aster than usual: you would sell low and buy high, −$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	Aster IOUSDT	0.1525	0.0100	pay 0.0050% / 4h	2h 26m	$6K	$32K	5x
Short	Bybit IOUSDT	0.1523	0.0100	get 0.0050% / 4h	2h 26m	$1.1M	$915K	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 −0.119%Rate

Funding earned: $0
Price spread: −0.119% → 0.000%: −$11.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.88
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	9.86 bp	75.7 bp −$76	428.4 bp −$4,284	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.

IO 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
Hyperliquid IO	+0.0100%	1h	0.1525	−0.001%	$1.0M	$388K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1525	long leg	$6K	$32K	5x
Binance IOUSDT	+0.0100%	4h	0.1525	−0.002%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDTshort	+0.0100%	4h	0.1523	−0.119%	$1.1M	$915K	25x
Gate IO_USDT	+0.0100%	4h	0.1523	−0.125%	$236K	$560K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1523	−0.119%	$1.2M	$229K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1524	−0.053%	$357K	$684K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1525	+0.012%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1525	+0.012%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1519	−0.364%	$30K	$11K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1524	−0.080%	$3K	$132K	5x	as long as short
Injective IO/USDC PERP	+0.1587%	1h	0.1502	−1.496%	$2K	$201	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.1484%	1h	0.1524	−0.038%	$39K	$18K	10x	as long as short