Funding arb · Price arb /

NOT

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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 −0.004%

Price spread now: Bybit against Aster−0.133%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 6 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 0.133% cheaper against Aster than usual: you would sell low and buy high, −$13 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 NOTUSDT	0.0005025	0.0100	pay 0.0050% / 4h	2h 17m	$14K	$9K	5x
Short	Bybit NOTUSDT	0.0005018	0.0100	get 0.0050% / 4h	2h 17m	$2.1M	$893K	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 −0.133%Rate

Funding earned: $0
Price spread: −0.133% → 0.000%: −$13.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.33
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 5 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, 5 min ago	2.00 bp	36.9 bp −$37	363.1 bp −$3,631	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.

NOT on 16 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
Variational Omni NOT	−0.0104%	4h	0.0004998	−0.529%	$71K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0036%	4h	0.0005018	−0.133%	$478K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.999%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005030	+0.103%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005010	−0.293%	$337K	$68K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005025	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005023	−0.040%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005018	−0.133%	$2.1M	$893K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005019	−0.113%	$638K	$703K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005021	−0.074%	$138K	$73K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005021	−0.074%	$1.3M	$450K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005025	+0.006%	$672K	$498K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005019	−0.113%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005024	−0.020%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0114%	4h	0.0005019	−0.113%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1683%	1h	0.0005033	+0.159%	$49K	$9K	10x	as long as short