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 +0.030%

Price spread now: Nado against Aster−0.097%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.386%+$39 · spread now −0.097%, 7d avg +0.028%

Together, before fees+0.478%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.125% cheaper against Aster than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.028%). If the spread goes back, that is −$13 on $10k: about 4.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ASTERUSDT	0.7355	0	get 0.0000% / 4h	56m 08s	$54.7M	$102.8M	200x
Short	Nado ASTER-PERP	0.7348	0.0100	get 0.0012% / 1h	56m 08s	$368K	$249K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.097%Rate

Funding earned: $21
Price spread: −0.097% → +0.028%: −$12.52
Slippage, 4 orders: −$15.3
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$21.83
Costs to cover: 0.303%
Break-even: 14.3 days

Slippage from Aster: live order book, 3 min ago; Nado: live order book, 2 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, 3 min ago	1.36 bp	6.7 bp −$7	13.7 bp −$137	271.3 bp −$27.1K	doesn't fit
Sell Nado live order book, 2 min ago	0.75 bp	9.0 bp −$9	25.0 bp −$250	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	0.7328	−0.374%	$277K	$885K	50x	as long as short
Aster ASTERUSDTlong	0.0000%	4h	0.7355	long leg	$54.7M	$102.8M	200x
dYdX ASTER-USD	0.0000%	1h	0.7347	−0.114%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7355	−0.006%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7352	−0.037%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.474%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0077%	4h	0.7349	−0.083%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7357	+0.024%	$896K	$909K	5x	as long as short
Nado ASTER-PERPshort	+0.0100%	1h	0.7348	−0.097%	$368K	$249K	5x
Pacifica ASTER	+0.0100%	1h	0.7350	−0.065%	$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	0.7354	−0.015%	$90.7M	$111.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7353	−0.029%	$48.9M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7356	+0.012%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7350	−0.070%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7353	−0.029%	$33.8M	$18.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7353	−0.033%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7355	−0.002%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7355	−0.002%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7358	+0.039%	$219K	$486K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7321	−0.464%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7331	−0.327%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7322	−0.450%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7364	+0.121%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7355	−0.002%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7347	−0.110%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7352	−0.037%	$367K	$638K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7354	−0.015%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7318	−0.500%	$212K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0184%	1h	0.7363	+0.108%	$25.5M	$6.5M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0280%	1h	0.7359	+0.051%	$338K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7354	−0.020%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7337	−0.246%	$3.5M	$1.9M	75x	as long as short