Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Backpack against ApeX Omni−0.106%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.106%, 7d avg +0.019%

Together, before fees−0.035%−$3 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: Backpack is 0.124% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ASTERUSDT	0.7473	0.0100	pay 0.0013% / 1h	36m 59s	$67K	$713K	50x
Short	Backpack ASTER_USDC_PERP	0.7465	0.0100	get 0.0013% / 1h	36m 59s	$265K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.019%: −$12.44
Slippage, 4 orders: −$18.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$50.79
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; Backpack: 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 ApeX Omni live order book, 42 min ago	6.74 bp	13.6 bp −$14	53.4 bp −$534	doesn't fit	doesn't fit
Sell Backpack live order book, 41 min ago	0.07 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7470	−0.033%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7467	−0.078%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7474	+0.015%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7468	−0.070%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7469	−0.057%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7471	−0.030%	$337K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.111%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7473	+0.001%	$925K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7474	+0.020%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7470	−0.039%	$256K	$104K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7464	−0.125%	$91.4M	$107.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7465	−0.107%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7462	−0.147%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7471	−0.027%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7468	−0.067%	$35.3M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7469	−0.059%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7464	−0.120%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7463	−0.134%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7465	−0.106%	$265K	$330K	10x
Variational Omni ASTER	+0.0100%	4h	0.7485	+0.155%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7485	+0.162%	$464K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDTlong	+0.0100%	1h	0.7473	long leg	$67K	$713K	50x
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7471	−0.027%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7475	+0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7468	−0.067%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7470	−0.040%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7473	−0.004%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7470	−0.043%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7472	−0.013%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7470	−0.043%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0335%	1h	0.7473	+0.007%	$26.0M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7467	−0.080%	$3.5M	$1.9M	75x	as long as short