Funding arb · Price arb /

H

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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: Bybit against Aster−0.167%7-day average −0.129% · you buy dearer than you sell

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.167%, 7d avg −0.129%

Together, before fees−0.207%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.038% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HUSDT	0.06926	0.0100	pay 0.0050% / 4h	1h 36m	$113K	$58K	5x
Short	Bybit HUSDT	0.06914	0.0100	get 0.0050% / 4h	1h 36m	$7.6M	$5.0M	13x

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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now −0.167%Rate

Funding earned: $0
Price spread: −0.167% → −0.129%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.81
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Bybit: live order book, 2 min ago. 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 Aster live order book, 5 min ago	2.16 bp	1293.7 bp −$1,294	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.45 bp	33.7 bp −$34	160.0 bp −$1,600	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.756%	$1K	$1	5.5x	as long as short
Aster HUSDTlong	+0.0100%	4h	0.06926	long leg	$113K	$58K	5x
Binance HUSDT	+0.0100%	4h	0.06924	−0.028%	$14.8M	$11.2M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06914	−0.167%	$7.6M	$5.0M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06926	+0.005%	$1.8M	$6.6M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06915	−0.154%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06924	−0.024%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06921	−0.068%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06927	+0.019%	$1.7M	$449K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06926	+0.005%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06938	+0.182%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06954	+0.409%	$1.2M	$465K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06922	−0.051%	$10K	$99K	5x	as long as short
BloFin H-USDT	+0.0145%	4h	0.06936	+0.149%	$596K	$112K	25x	as long as short