Funding arb · Price arb /

ASTS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.014%

Price spread now: QFEX against Bybit+0.065%7-day average +0.003% · 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−$153as in the Price arb table

costs, in and out, $10k−$1591.594% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.065%, 7d avg +0.003%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.062% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTSUSDT	61.640	0	get 0.0000% / 8h	2h 01m	$702K	$315K	25x
Short	QFEX ASTS-USD	61.680	0.0054	get 0.0007% / 1h	1m 31s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $11.32
Price spread: +0.065% → +0.003%: $6.23
Slippage, 4 orders: −$138.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$141.84
Costs to cover: 1.594%
Break-even: 94.7 days

Slippage from Bybit: live order book, 43 min ago; QFEX: live order book, 6 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, 43 min ago	4.86 bp	67.9 bp −$68	200.9 bp −$2,009	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.43 bp	9.0 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit

ASTS on 15 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
Bitget ASTSUSDT	−0.0061%	8h	61.640	0.000%	$1.2M	$357K	20x	as long as short
Aster ASTSUSDT	0.0000%	8h	61.583	−0.092%	$13K	$28K	20x	as long as short
Bybit ASTSUSDTlong	0.0000%	8h	61.640	long leg	$702K	$315K	25x
OKX ASTS-USDT-SWAP	0.0000%	8h	61.710	+0.114%	$747K	$680K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	61.650	+0.016%	$1.6M	$1.2M	25x	as long as short
SunX ASTS-USDT	0.0000%	8h	61.680	+0.065%	$770	$687K	10x	as long as short
HTX ASTS-USDT	0.0000%	8h	61.670	+0.049%	$5K	$3K	20x	as long as short
Lighter RH ASTS	+0.0032%	1h	61.656	+0.026%	$9K	$31K	10x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	61.590	−0.081%	—	—	10x	as long as short
QFEX ASTS-USDshort	+0.0054%	1h	61.680	+0.065%	$1.1M	$1.8M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ASTS-USDT	+0.0065%	8h	61.740	+0.162%	$44K	$9K	20x	as long as short
Extended ASTS-USD	+0.0080%	1h	61.658	+0.029%	$9K	$227K	10x	as long as short
Binance ASTSUSDT	+0.0083%	8h	61.680	+0.064%	$2.7M	$4.2M	20x	as long as short
KuCoin ASTSUSDTM	+0.0100%	8h	61.600	−0.065%	$282K	$59K	20x	as long as short
GRVT ASTS_USDT_Perp	+0.0154%	8h	61.688	+0.078%	$246	$164K	10x	as long as short