Funding arb · Price arb /

ASTS

RWAall ASTS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.011%

Price spread now: QFEX against Bybit+0.032%53s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1711.712% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.032%, 7d avg −0.002%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTSUSDT	62.080	0	get 0.0000% / 8h	40m 35s	$719K	$385K	25x
Short	QFEX ASTS-USD	62.100	0.0051	get 0.0006% / 1h	40m 35s	$1.1M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $10.72
Price spread: +0.032% → −0.002%: $3.43
Slippage, 4 orders: −$150.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$157.03
Costs to cover: 1.712%
Break-even: 109.6 days

Slippage from Bybit: live order book, 34 min ago; QFEX: live order book, 2 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, 34 min ago	3.22 bp	69.5 bp −$70	176.5 bp −$1,765	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	27.37 bp	32.4 bp −$32	40.3 bp −$403	doesn't fit	doesn't fit

ASTS on 15 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
BloFin ASTS-USDT	−0.0024%	8h	62.110	+0.048%	$44K	$8K	20x	as long as short
Aster ASTSUSDT	0.0000%	8h	62.110	+0.048%	$13K	$28K	20x	as long as short
Extended ASTS-USD	0.0000%	1h	62.119	+0.063%	$8K	$249K	10x	as long as short
Binance ASTSUSDT	0.0000%	8h	62.130	+0.081%	$2.7M	$4.2M	20x	as long as short
Bybit ASTSUSDTlong	0.0000%	8h	62.080	long leg	$719K	$385K	25x
OKX ASTS-USDT-SWAP	0.0000%	8h	62.150	+0.113%	$752K	$760K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	62.070	−0.016%	$1.7M	$1.2M	25x	as long as short
Bitget ASTSUSDT	0.0000%	8h	62.090	+0.016%	$1.2M	$431K	20x	as long as short
SunX ASTS-USDT	0.0000%	8h	62.120	+0.064%	$1K	$806K	10x	as long as short
HTX ASTS-USDT	0.0000%	8h	62.120	+0.064%	$5K	$4K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ASTS_USDT_Perp	+0.0018%	8h	62.139	+0.095%	$902	$187K	10x	as long as short
Lighter RH ASTS	+0.0032%	1h	62.124	+0.071%	$9K	$29K	10x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	62.060	−0.032%	—	—	10x	as long as short
QFEX ASTS-USDshort	+0.0051%	1h	62.100	+0.032%	$1.1M	$2.1M	10x
KuCoin ASTSUSDTM	+0.0100%	8h	62.000	−0.129%	$280K	$37K	20x	as long as short