Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.75 per $10,000 · paid last 24h −0.040%
Price spread now: Bybit against Aster−0.057%7-day average +0.034% · 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−$259as in the Price arb table
costs, in and out, $10k−$2502.500% of the position
Funding, last 4 days (all we have)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.057%, 7d avg +0.034%
=Together, before fees−0.047%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.091% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BNCUSD1 | 6.2085 | −0.0619 | get 0.0619% / 8h | 1h 46m | $178K | $22K | 10x |
| Short | Bybit BNCUSDT | 6.2050 | −0.0694 | pay 0.0694% / 8h | 1h 46m | $561K | $2.0M | 25x |
Aster BNCUSD1
Bybit BNCUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.66
- Price spread: −0.057% → +0.034%
- −$9.06
- Slippage, 4 orders
- −$231.03
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$274.75
- Costs to cover
- 2.500%
- Break-even
- never at this rate
Slippage from Aster: live order book, 60 min ago; Bybit: live order book, 6 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 Aster live order book, 60 min ago | 19.36 bp | 27.2 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 5.64 bp | 90.2 bp −$90 | 212.6 bp −$2,126 | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.2026% | 8h | 6.2237 | +0.244% | $778K | $4.3M | 5x | as long as short |
| Binance BNCUSDT | −0.1173% | 8h | 6.2072 | −0.021% | $13.4M | $41.1M | 10x | as long as short |
| Variational Omni BNC | −0.1044% | 8h | 6.1975 | −0.178% | $115K | $141K | — | as long as short |
| Bybit BNCUSDTshort | −0.0694% | 8h | 6.2050 | −0.057% | $561K | $2.0M | 25x | |
| Aster BNCUSD1long | −0.0619% | 8h | 6.2085 | long leg | $178K | $22K | 10x | |
| QFEX BNC-USD | −0.0010% | 1h | 6.2100 | +0.024% | $49K | $13K | 10x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.2098 | +0.020% | $9K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.2070 | −0.025% | $14K | $27K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0050% | 8h | 6.2070 | −0.025% | $40K | $3.0M | 20x | as long as short |
Bitget BNCUSDT
Binance BNCUSDT
Variational Omni BNC
QFEX BNC-USD
Bullet BNC-USD
HTX BNC-USDT
KuCoin BNCUSDTM