Funding arb · Price arb /

STABLE

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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 +0.007%

Price spread now: Bybit against Aster+0.122%7-day average — · you sell dearer than you buy

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 0.122% dearer against Aster than usual: you sell high and buy low, +$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 STABLEUSDT	0.02495	0.0100	pay 0.0050% / 4h	2h 27m	$19K	$7K	20x
Short	Bybit STABLEUSDT	0.02498	0.0100	get 0.0050% / 4h	2h 27m	$1.5M	$769K	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 +0.122%Rate

Funding earned: $0
Price spread: +0.122% → 0.000%: $12.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.83
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 3 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, 3 min ago	4.01 bp	20.4 bp −$20	102.7 bp −$1,027	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.

STABLE 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
Lighter STABLE	+0.0096%	1h	0.02508	+0.494%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02495	−0.003%	$880K	$202K	3x	as long as short
Aster STABLEUSDTlong	+0.0100%	4h	0.02495	long leg	$19K	$7K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02495	−0.001%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDTshort	+0.0100%	4h	0.02498	+0.122%	$1.5M	$769K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02497	+0.074%	$201K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02496	+0.034%	$174K	$70K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02495	−0.007%	$611K	$175K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02498	+0.114%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02495	−0.007%	$292K	$96K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02496	+0.034%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02498	+0.118%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02494	−0.047%	$1K	$814K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02495	−0.014%	$12K	$146K	10x	as long as short