ASTS

Funding pays, the price is against you. Bybit is 0.202% cheaper against OKX than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of −0.039%). If the spread goes back, that is −$20 on $10k: about 3.7 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.84 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.