Funding you earn now, next payment 04:00 UTC+0.0929%/8h= +101.7% APRnext payment +$4.65 per $10,000 · paid last 24h +0.094%
Price spread now: Aster against Bybit−0.176%7-day average −0.015% · 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−$91as in the Price arb table
costs, in and out, $10k−$750.752% of the position
Funding, last 5 days (all we have)+0.325%+$32 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.176%, 7d avg −0.015%
=Together, before fees+0.431%+ Points / potential airdropAster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.161% cheaper against Bybit than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of −0.015%). If the spread goes back, that is −$16 on $10k: about 14 hours of funding at the current rate (+$28 a day). At the pace of the last 5 days (+0.325% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.325% in total (about 22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.65 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 | Bybit USELESSUSDT | 0.2810 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $27.6M | $45.7M | 13x |
| Short | Aster USELESSUSDT | 0.2805 | 0.1029 | get 0.0515% / 4h | 3h 58m | $645K | $2.3M | 10x |
Bybit USELESSUSDT
Aster USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $195.09
- Price spread: −0.176% → −0.015%
- −$16.05
- Slippage, 4 orders
- −$56.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $103.85
- Costs to cover
- 0.752%
- Break-even
- 3.3 days
Slippage from Bybit: live order book, 10 min ago; Aster: live order book, 5 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 Bybit live order book, 10 min ago | 0.18 bp | 14.1 bp −$14 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 5.53 bp | 25.6 bp −$26 | 130.2 bp −$1,302 | doesn't fit | doesn't fit |
USELESS on 24 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 USELESS | +0.0096% | 1h | 0.2807 | −0.117% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2810 | −0.021% | $31K | $70K | 3x | as long as short |
| Bybit USELESSUSDTlong | +0.0100% | 4h | 0.2810 | long leg | $27.6M | $45.7M | 13x | |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2813 | +0.093% | $9.9M | $66.3M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2799 | −0.406% | $39K | $703K | 25x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2812 | +0.046% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2804 | −0.238% | $18K | $501K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2802 | −0.281% | $584K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0170% | 4h | 0.2806 | −0.153% | $5.2M | $10.0M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2822 | +0.411% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0280% | 4h | 0.2811 | +0.007% | $5.3M | $9.4M | 20x | as long as short |
| Extended USELESS-USD | +0.0464% | 1h | 0.2812 | +0.068% | $295K | $834K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0464% | 4h | 0.2813 | +0.110% | $10.5M | $5.9M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0466% | 4h | 0.2799 | −0.404% | $21K | $193K | 10x | as long as short |
| Binance USELESSUSDT | +0.0477% | 4h | 0.2812 | +0.055% | $23.7M | $116.2M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0584% | 1h | 0.2809 | −0.064% | $41K | $165K | 3x | as long as short |
| BingX USELESS-USDT | +0.0868% | 4h | 0.2812 | +0.064% | — | $5.0M | — | as long as short |
| Variational Omni USELESS | +0.0990% | 4h | 0.2797 | −0.460% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDTshort | +0.1029% | 4h | 0.2805 | −0.176% | $645K | $2.3M | 10x | |
| BloFin USELESS-USDT | +0.1202% | 4h | 0.2814 | +0.125% | $1.2M | $2.0M | 12x | as long as short |
| Hyperliquid USELESS | +0.1210% | 1h | 0.2817 | +0.221% | $14.1M | $21.1M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1310% | 4h | 0.2811 | +0.025% | $22K | $1.4M | 10x | as long as short |
| Gate USELESS_USDT | +0.2006% | 4h | 0.2803 | −0.263% | $7.0M | $8.2M | 50x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2966 | +5.544% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Polymarket Perps USELESS-USD
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Gate USELESS_USDT
Injective USELESS/USDC PERP