Funding you earn now, next payment 08:00 UTC−0.0513%/8h= −56.1% APRnext payment −$2.56 per $10,000 · paid last 24h −0.086%
Price spread now: Bybit against Aster−0.150%7-day average +0.043% · 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−$171as in the Price arb table
costs, in and out, $10k−$1521.519% of the position
Funding, last 6 days (all we have)+0.317%+$32 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.150%, 7d avg +0.043%
=Together, before fees+0.319%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.193% cheaper against Aster than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +0.317%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BTWUSDT | 0.8077 | 0.0902 | pay 0.0451% / 4h | 0m 20s | $2.3M | $3.3M | 5x |
| Short | Bybit BTWUSDT | 0.8065 | 0.0389 | get 0.0195% / 4h | 0m 20s | $15.6M | $40.2M | 10x |
Aster BTWUSDT
Bybit BTWUSDTFunding 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
- −$107.68
- Price spread: −0.150% → +0.043%
- −$19.29
- Slippage, 4 orders
- −$132.94
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$278.92
- Costs to cover
- 1.519%
- Break-even
- never at this rate
Slippage from Aster: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 5.12 bp | 19.6 bp −$20 | 290.3 bp −$2,903 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.36 bp | 62.4 bp −$62 | 317.9 bp −$3,179 | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8067 | −0.130% | $7.2M | $4.7M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8088 | +0.139% | $210K | $733K | 10x | as long as short |
| Bybit BTWUSDTshort | +0.0389% | 4h | 0.8065 | −0.150% | $15.6M | $40.2M | 10x | |
| Gate BTW_USDT | +0.0540% | 4h | 0.8058 | −0.239% | $3.3M | $17.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.0648% | 4h | 0.8088 | +0.131% | $25.4M | $14.8M | 5x | as long as short |
| BingX BTW-USDT | +0.0884% | 4h | 0.8083 | +0.072% | — | $4.0M | — | as long as short |
| Binance BTWUSDT | +0.0900% | 4h | 0.8081 | +0.047% | $112.2M | $175.5M | 10x | as long as short |
| Aster BTWUSDTlong | +0.0902% | 4h | 0.8077 | long leg | $2.3M | $3.3M | 5x | |
| Extended BTW-USD | +0.0904% | 1h | 0.8079 | +0.022% | $35K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0904% | 4h | 0.8081 | +0.047% | $9.0M | $6.4M | 20x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Gate BTW_USDT
Bitget BTWUSDT
BingX BTW-USDT
Binance BTWUSDT
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0916% | 4h | 0.8103 | +0.318% | $352K | $510K | 10x | as long as short |
edgeX BTWUSDC