M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0994%/8h= −108.9% APRnext payment −$4.97 per $10,000 · paid last 24h −0.101%

Price spread now: Bybit against Aster−0.101%7-day average −0.046% · 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−$260as in the Price arb table

costs, in and out, $10k−$2542.541% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.222%−$22 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now −0.101%, 7d avg −0.046%

Together, before fees−0.478%+ Points / potential airdropAster: Stage 5 · farm board−$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Bybit is 0.056% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.222% in total (about -15.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUSDT	1.4495	0.1094	pay 0.0547% / 4h	2m 09s	$15K	$116K	5x
Short	Bybit MUSDT	1.4480	0.0100	get 0.0050% / 4h	2m 09s	$4.6M	$2.4M	20x

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 −0.101%Rate

Funding earned: −$208.81
Price spread: −0.101% → −0.046%: −$5.56
Slippage, 4 orders: −$235.08
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$468.45
Costs to cover: 2.541%
Break-even: never at this rate

Slippage from Aster: live order book, 9 min ago; Bybit: live order book, 6 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, 9 min ago	15.24 bp	80.9 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	3.80 bp	34.3 bp −$34	241.7 bp −$2,417	doesn't fit	doesn't fit

M on 12 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
Bybit MUSDTshort	+0.0100%	4h	1.4480	−0.101%	$4.6M	$2.4M	20x
Gate M_USDT	+0.0100%	8h	1.4465	−0.205%	$1.9M	$958K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4458	−0.256%	$90K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4489	−0.039%	$2K	$596	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4500	+0.037%	$2K	$638K	20x	as long as short
Bitget MUSDT	+0.0112%	4h	1.4489	−0.039%	$1.9M	$355K	10x	as long as short
Aster MUSDTlong	+0.1094%	4h	1.4495	long leg	$15K	$116K	5x
BingX M-USDT	+0.1418%	4h	1.4480	−0.101%	—	$2.4M	—	as long as short
BloFin M-USDT	+0.1475%	4h	1.4488	−0.046%	$350K	$432K	10x	as long as short
MEXC M_USDT	+0.1492%	4h	1.4483	−0.080%	$243K	$113K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MUSDT	+0.1505%	4h	1.4481	−0.094%	$5.5M	$4.8M	10x	as long as short
KuCoin MUSDTM	+0.1922%	4h	1.4379	−0.799%	$1.4M	$4.3M	10x	as long as short