Settings8H · net · $10k
Funding arb · Price arb /

BASED

all BASED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRnext payment $0.43 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Aster−0.125%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.125% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BASEDUSDT0.067780.0186pay 0.0093% / 4h2h 13m$29K$6K5x
ShortBybit BASEDUSDT0.067700.0100get 0.0050% / 4h2h 13m$2.1M$582K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$17.98
Price spread: −0.125% → 0.000%
−$12.47
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$49.45
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Bybit live order book, 3 min ago8.13 bp81.7 bp −$82976.2 bp −$9,762doesn't fitdoesn't fit
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.

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BASED-USDT+0.0072%4h0.06778−0.007%$211K$37K25xas long as short
Binance BASEDUSDT+0.0100%4h0.06775−0.051%$4.2M$2.9M25xas long as short
Bybit BASEDUSDTshort+0.0100%4h0.06770−0.125%$2.1M$582K25x
OKX BASED-USDT-SWAP+0.0100%4h0.06769−0.139%$2.6M$3.4M20xas long as short
Gate BASED_USDT+0.0100%4h0.06778−0.007%$539K$524K50xas long as short
MEXC BASED_USDT+0.0100%4h0.06779+0.008%$4.8M$657K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06766−0.184%$565K$111K20xas long as short
Bitget BASEDUSDT+0.0100%4h0.06783+0.067%$1.3M$360K25xas long as short
BingX BASED-USDT+0.0100%4h0.06777−0.021%$1.6Mas long as short
Variational Omni BASED+0.0100%4h0.06768−0.151%$92K$22Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BASED_USDT_Perp+0.0100%4h0.06726−0.769%$92K$359K10xas long as short
SunX BASED-USDT+0.0100%4h0.06775−0.051%$1K$798K20xas long as short
Extended BASED-USD+0.0104%1h0.06776−0.034%$5K$226K5xas long as short
Aster BASEDUSDTlong+0.0186%4h0.06778long leg$29K$6K5x
Orderly PERP_BASED_USDC+0.0322%4h0.06779+0.008%$3K$65210xas long as short