Funding arb · Price arb /

COIN

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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 −0.014%

Price spread now: Aster against Bybit−0.056%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1391.387% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.056%, 7d avg −0.017%

Together, before fees−0.143%+ Points / potential airdropAster: Stage 5 · farm board−$14 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 0.039% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COINUSDT	196.51	0	get 0.0000% / 8h	2h 06m	$4.7M	$6.3M	50x
Short	Aster COINUSDT	196.40	0	get 0.0000% / 8h	2h 06m	$343K	$890K	20x

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 −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.017%: −$3.91
Slippage, 4 orders: −$119.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$142.57
Costs to cover: 1.387%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 41 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, 1 min ago	1.27 bp	10.7 bp −$11	35.2 bp −$352	doesn't fit	doesn't fit
Sell Aster live order book, 41 min ago	52.13 bp	56.5 bp −$56	56.7 bp −$567	doesn't fit	doesn't fit

COIN on 26 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 COINUSDT	−0.0768%	8h	196.65	+0.071%	$6.4M	$10.7M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.49	−0.010%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0110%	1h	195.96	−0.280%	—	$289K	25x	as long as short
Gate COIN_USDT	−0.0077%	8h	196.62	+0.056%	$1.2M	$7.4M	50x	as long as short
Aster COINUSDTshort	0.0000%	8h	196.40	−0.056%	$343K	$890K	20x
Extended COIN_24_5-USD	0.0000%	1h	196.44	−0.034%	$112K	$854K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.54	+0.015%	$15.1M	$82.6M	20x	as long as short
Bybit COINUSDTlong	0.0000%	8h	196.51	long leg	$4.7M	$6.3M	50x
OKX COIN-USDT-SWAP	0.0000%	8h	196.53	+0.010%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.45	−0.033%	$713K	$961K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.51	+0.001%	$11K	$2.6M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.49	−0.010%	$458K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.50	−0.005%	$1.3M	$3.0M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.48	−0.015%	$15K	$54K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.45	−0.031%	$15.3M	$13.8M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.44	−0.036%	$128K	$1.4M	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.32	−0.097%	$450K	$2.9M	10x	as long as short
SoDEX COIN-USD	+0.0062%	1h	196.51	0.000%	$90	$3K	10x	as long as short
Phoenix COIN	+0.0082%	1h	196.47	−0.020%	$4K	$283K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.24	−0.137%	$989K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.38	−0.066%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.54	+0.015%	$568	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.55	+0.020%	$116	—	10x	as long as short
Lighter COIN	+0.0112%	1h	196.49	−0.009%	$380K	$2.3M	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.57	+0.031%	$186K	$422K	20x	as long as short
edgeX COINUSDC	+0.0687%	4h	196.40	−0.056%	$51K	$294K	10x	as long as short