Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against Aster−0.121%7-day average — · 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 5 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: Bybit is 0.121% cheaper against Aster than usual: you would sell low and buy high, −$12 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	Aster NOTUSDT	0.0005031	0.0100	pay 0.0050% / 4h	49m 03s	$14K	$9K	5x
Short	Bybit NOTUSDT	0.0005025	0.0100	get 0.0050% / 4h	49m 03s	$2.1M	$848K	25x

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 −0.121%Rate

Funding earned: $0
Price spread: −0.121% → 0.000%: −$12.12
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.12
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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	3.97 bp	32.8 bp −$33	156.4 bp −$1,564	doesn't fit	doesn'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.

NOT on 16 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
Variational Omni NOT	−0.0430%	4h	0.0005024	−0.149%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0256%	4h	0.0005024	−0.141%	$463K	$127K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.123%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005040	+0.175%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005030	−0.022%	$357K	$57K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005031	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005033	+0.038%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005025	−0.121%	$2.1M	$848K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005029	−0.042%	$628K	$647K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005040	+0.177%	$143K	$68K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005031	−0.002%	$1.3M	$422K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005032	+0.018%	$667K	$412K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005030	−0.022%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005032	+0.010%	$4K	$491	5x	as long as short
BloFin NOT-USDT	+0.0117%	4h	0.0005042	+0.217%	$111K	$16K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1714%	1h	0.0005039	+0.152%	$49K	$9K	10x	as long as short