Funding arb · Price arb /

S

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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 +0.118%

Price spread now: Bybit against Aster−0.429%7-day average −0.141% · 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−$191as in the Price arb table

costs, in and out, $10k−$1621.622% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.288%+$29 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.429%, 7d avg −0.141%

Together, before fees+0.522%+ Points / potential airdropAster: Stage 5 · farm board+$52 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 0.288% cheaper against Aster than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUSDT	0.04073	0.0100	pay 0.0050% / 4h	2h 28m	$45K	$134K	10x
Short	Bybit SUSDT	0.04056	0.0100	get 0.0050% / 4h	2h 28m	$5.8M	$4.8M	50x

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 −0.429%Rate

Funding earned: $0
Price spread: −0.429% → −0.141%: −$28.85
Slippage, 4 orders: −$143.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$191.06
Costs to cover: 1.622%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; Bybit: live order book, 4 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, 38 min ago	13.78 bp	69.5 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.46 bp	21.3 bp −$21	106.7 bp −$1,067	doesn't fit	doesn't fit

S on 24 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
01 Exchange SUSD	−0.7784%	1h	0.03940	−3.277%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.04022	−1.264%	$48K	$16K	25x	as long as short
Kraken Futures PF_SUSD	−0.1249%	1h	0.04058	−0.387%	$34K	$16K	10x	as long as short
Variational Omni S	−0.0504%	4h	0.04066	−0.187%	$633K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04062	−0.277%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04066	−0.187%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04064	−0.231%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.651%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0043%	4h	0.04063	−0.257%	$102K	$334K	10x	as long as short
Lighter S	+0.0096%	1h	0.04077	+0.086%	$168K	$166K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04068	−0.134%	$1.0M	$572K	5x	as long as short
Aster SUSDTlong	+0.0100%	4h	0.04073	long leg	$45K	$134K	10x
Binance SUSDT	+0.0100%	4h	0.04061	−0.306%	$5.6M	$14.9M	75x	as long as short
Bybit SUSDTshort	+0.0100%	4h	0.04056	−0.429%	$5.8M	$4.8M	50x
OKX S-USDT-SWAP	+0.0100%	4h	0.04059	−0.355%	$1.0M	$4.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04059	−0.355%	$336K	$203K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04067	−0.159%	$4.0M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04066	−0.184%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04059	−0.355%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04058	−0.380%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04080	+0.160%	$26K	$442K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04057	−0.394%	$231K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0735%	1h	0.04063	−0.257%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1048%	1h	0.04080	+0.160%	$119K	$348K	5x	as long as short