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: Aster against Bybit+0.039%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$406as in the Price arb table

costs, in and out, $10k−$3973.968% of the position

Long on Bybit Short on Aster

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)+0.129%+$13 · spread now +0.039%, 7d avg +0.130%

Together, before fees+0.238%+ Points / potential airdropAster: Stage 5 · farm board+$24 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: Aster is 0.091% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06829	0.0100	pay 0.0050% / 4h	3h 00m	$7.5M	$4.9M	13x
Short	Aster HUSDT	0.06832	0.0100	get 0.0050% / 4h	3h 00m	$111K	$55K	5x

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 +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.130%: −$9.08
Slippage, 4 orders: −$377.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$405.9
Costs to cover: 3.968%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 51 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 Bybit live order book, 3 min ago	1.47 bp	38.3 bp −$38	191.2 bp −$1,912	doesn't fit	doesn't fit
Sell Aster live order book, 51 min ago	6.65 bp	280.3 bp −$280	doesn't fit	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	−8.477%	$1K	$1	5.5x	as long as short
Aster HUSDTshort	+0.0100%	4h	0.06832	+0.039%	$111K	$55K	5x
Binance HUSDT	+0.0100%	4h	0.06843	+0.200%	$14.6M	$11.1M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06829	long leg	$7.5M	$4.9M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06844	+0.221%	$1.8M	$6.3M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06826	−0.042%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06840	+0.163%	$6.0M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06835	+0.089%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06827	−0.028%	$1.7M	$445K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06826	−0.042%	—	$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	0.06818	−0.162%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06844	+0.215%	$1.1M	$433K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06839	+0.147%	$9K	$94K	5x	as long as short
BloFin H-USDT	+0.0155%	4h	0.06832	+0.045%	$589K	$112K	25x	as long as short