Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 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: Aster is 0.029% cheaper against Bybit than usual: you would sell low and buy high, −$3 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	Bybit COSTUSDT	901.80	0	get 0.0000% / 8h	2h 47m	$491K	$221K	25x
Short	Aster COSTUSDT	901.54	0	get 0.0000% / 8h	2h 47m	$45K	$178	20x

Funding 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 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 AsterbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → 0.000%: −$2.86
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 57 min ago; Aster: no order-book sample. 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 Bybit live order book, 57 min ago	7.12 bp	18.9 bp −$19	47.5 bp −$475	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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.

COST 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
Aster COSTUSDTshort	0.0000%	8h	901.54	−0.029%	$45K	$178	20x
Binance COSTUSDT	0.0000%	8h	901.36	−0.049%	$1.1M	$969K	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	901.80	long leg	$491K	$221K	25x
OKX COST-USDT-SWAP	0.0000%	8h	902.16	+0.040%	$442K	$122K	10x	as long as short
Gate COST_USDT	0.0000%	8h	901.28	−0.058%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	900.89	−0.101%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	901.21	−0.066%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.90	−0.211%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.29	+0.054%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	901.24	−0.062%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.089%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.394%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.31	−0.054%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.84	−0.106%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.20	−0.177%	$47K	$894K	20x	as long as short