Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.039%

Price spread now: Backpack against Aster0.000%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.494%−$49 · spread now 0.000%, 7d avg +0.016%

Together, before fees−0.450%+ Points / potential airdropAster: Stage 5 · farm board−$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ASTERUSDT	0.7346	0	get 0.0000% / 4h	58m 49s	$54.5M	$102.8M	200x
Short	Backpack ASTER_USDC_PERP	0.7346	0.0100	get 0.0013% / 1h	58m 49s	$219K	$487K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → +0.016%: −$1.6
Slippage, 4 orders: −$12.14
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$10.74
Costs to cover: 0.301%
Break-even: 10.6 days

Slippage from Aster: live order book, 5 min ago; Backpack: live order book, 65 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 Aster live order book, 5 min ago	0.68 bp	5.7 bp −$6	12.3 bp −$123	274.0 bp −$27.4K	doesn't fit
Sell Backpack live order book, 65 min ago	0.07 bp	9.6 bp −$10	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	−0.0072%	1h	0.7340	−0.090%	$277K	$886K	50x	as long as short
Aster ASTERUSDTlong	0.0000%	4h	0.7346	long leg	$54.5M	$102.8M	200x
dYdX ASTER-USD	0.0000%	1h	0.7339	−0.093%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7343	−0.049%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7340	−0.089%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.595%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0078%	4h	0.7340	−0.086%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7352	+0.074%	$895K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7336	−0.143%	$367K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7341	−0.073%	$255K	$73K	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	0.7349	+0.042%	$90.3M	$111.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7349	+0.037%	$48.9M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7353	+0.091%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7345	−0.018%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7347	+0.010%	$34.0M	$18.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7345	−0.019%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7350	+0.051%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7350	+0.051%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7346	0.000%	$219K	$487K	10x
Variational Omni ASTER	+0.0100%	4h	0.7321	−0.344%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.309%	$448K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7322	−0.331%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7341	−0.072%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7343	−0.045%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7336	−0.140%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7343	−0.041%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7318	−0.380%	$212K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7335	−0.154%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0281%	1h	0.7349	+0.032%	$338K	$489K	20x	as long as short
Hyperliquid ASTER	+0.0301%	1h	0.7359	+0.167%	$25.5M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7338	−0.111%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7338	−0.113%	$3.5M	$1.9M	75x	as long as short