Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.010%

Price spread now: Orderly against ApeX Omni−0.163%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.163% cheaper against ApeX Omni than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ASTERUSDT	0.7357	0.0100	pay 0.0013% / 1h	17m 32s	$66K	$716K	50x
Short	Orderly PERP_ASTER_USDC	0.7345	0.0083	get 0.0042% / 4h	1h 17m	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.163%Rate

Funding earned: −$3.54
Price spread: −0.163% → 0.000%: −$16.31
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 46 min ago; Orderly: no order-book sample. Net counts fees only.

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, 46 min ago	6.77 bp	12.0 bp −$12	51.5 bp −$515	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0088%	1h	0.7338	−0.260%	$270K	$878K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0077%	1h	0.7339	−0.239%	$11K	$71K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7342	−0.204%	$54.5M	$101.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7345	−0.169%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7347	−0.134%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7346	−0.150%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.449%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0083%	4h	0.7345	−0.163%	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7348	−0.120%	$895K	$907K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7344	−0.177%	$368K	$250K	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	0.7354	−0.039%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7348	−0.126%	$256K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7343	−0.188%	$90.3M	$110.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7344	−0.177%	$48.9M	$22.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7347	−0.136%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7344	−0.177%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7344	−0.177%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7345	−0.162%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7345	−0.163%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7347	−0.136%	—	$9.5M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7345	−0.169%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7357	+0.002%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7347	−0.131%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDTlong	+0.0100%	1h	0.7357	long leg	$66K	$716K	50x
SunX ASTER-USDT	+0.0100%	4h	0.7348	−0.122%	$2K	$1.6M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7340	−0.231%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7349	−0.109%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7342	−0.203%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7348	−0.119%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7344	−0.181%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7338	−0.258%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7347	−0.136%	$3.5M	$1.9M	75x	as long as short