Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0818%/8h= +89.6% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni−0.272%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.205%+$20 · spread now −0.272%, 7d avg −0.040%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.232% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.272% now, against its 7-day average of −0.040%). If the spread goes back, that is −$23 on $10k: about 23 hours of funding at the current rate (+$25 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ASTERUSDT	0.7343	−0.0718	get 0.0090% / 1h	55m 30s	$65K	$715K	50x
Short	BingX ASTER-USDT	0.7323	0.0100	get 0.0050% / 4h	2h 55m	—	$9.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.272%Rate

Funding earned: $171.88
Price spread: −0.272% → −0.040%: −$23.2
Slippage, 4 orders: −$19.7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $108.99
Costs to cover: 0.397%
Break-even: 2.6 days

Slippage from ApeX Omni: live order book, 13 min ago; BingX: live order book, 12 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, 13 min ago	6.70 bp	12.2 bp −$12	58.6 bp −$586	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.01 bp	7.0 bp −$7	11.0 bp −$110	36.2 bp −$3,621	162.0 bp −$81.0K

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
ApeX Omni ASTERUSDTlong	−0.0718%	1h	0.7343	long leg	$65K	$715K	50x
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7330	−0.170%	$268K	$848K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0050%	1h	0.7329	−0.191%	$11K	$86K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7322	−0.286%	$55.3M	$100.7M	200x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7320	−0.313%	$8K	$4K	10x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7333	−0.135%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.640%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7330	−0.177%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7329	−0.185%	$890K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7326	−0.226%	$366K	$256K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7333	−0.133%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7326	−0.226%	$251K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7325	−0.248%	$89.8M	$109.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7323	−0.272%	$48.8M	$22.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7324	−0.259%	$12.0M	$18.1M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7328	−0.204%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7327	−0.218%	$35.2M	$17.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7327	−0.222%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7328	−0.204%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7323	−0.272%	—	$9.6M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7323	−0.268%	$213K	$460K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7328	−0.206%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7358	+0.199%	$453K	$3.7M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7330	−0.177%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7328	−0.204%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7327	−0.218%	$239K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7325	−0.249%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	+0.145%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0229%	1h	0.7330	−0.180%	$337K	$499K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7332	−0.145%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7332	−0.150%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.1161%	1h	0.7328	−0.206%	$14K	$1K	5x	as long as short