Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Aster−0.222%58s7-day average +0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.325% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.222%, 7d avg +0.004%

Together, before fees+0.269%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.225% cheaper against Aster than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of +0.004%). If the spread goes back, that is −$23 on $10k: about 7.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.062% in total) that is about 25 days. The two prices were read 58 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	Aster ASTERUSDT	0.7407	0	get 0.0000% / 4h	1h 24m	$56.7M	$99.9M	200x
Short	Pacifica ASTER	0.7391	0.0100	get 0.0013% / 1h	24m 43s	$253K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.222%Rate

Funding earned: $21
Price spread: −0.222% → +0.004%: −$22.55
Slippage, 4 orders: −$16.51
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$34.05
Costs to cover: 0.325%
Break-even: 18.4 days

Slippage from Aster: live order book, 4 min ago; Pacifica: live order book, 58 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, 4 min ago	0.68 bp	5.8 bp −$6	19.9 bp −$199	197.2 bp −$19.7K	doesn't fit
Sell Pacifica live order book, 58 min ago	4.03 bp	12.5 bp −$12	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	0.7393	−0.192%	$260K	$841K	50x	as long as short
Aster ASTERUSDTlong	0.0000%	4h	0.7407	long leg	$56.7M	$99.9M	200x
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7401	−0.084%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	−0.081%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.235%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0080%	1h	0.7409	+0.022%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7414	+0.083%	$915K	$872K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7401	−0.092%	$371K	$274K	5x	as long as short
Pacifica ASTERshort	+0.0100%	1h	0.7391	−0.222%	$253K	$107K	10x
Binance ASTERUSDT	+0.0100%	4h	0.7410	+0.035%	$90.7M	$106.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7408	+0.008%	$49.5M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7409	+0.021%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7409	+0.021%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7409	+0.021%	$34.7M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7408	+0.002%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7410	+0.035%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7409	+0.021%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7402	−0.069%	$263K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7391	−0.228%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7395	−0.172%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.087%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7402	−0.073%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7407	−0.006%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7402	−0.073%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7390	−0.235%	$242K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7393	−0.200%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7407	−0.011%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7400	−0.100%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7406	−0.021%	$281K	$428K	20x	as long as short
Hyperliquid ASTER	+0.0160%	1h	0.7417	+0.128%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7403	−0.067%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7395	−0.168%	$3.4M	$1.9M	75x	as long as short