Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: ApeX Omni against Backpack−0.083%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.660%+$66 · spread now −0.083%, 7d avg −0.012%

Together, before fees+0.681%+$68 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.071% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7357	0.0100	pay 0.0013% / 1h	11m 23s	$218K	$481K	10x
Short	ApeX Omni ASTERUSDT	0.7351	0.0100	get 0.0013% / 1h	11m 23s	$66K	$713K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → −0.012%: −$7.12
Slippage, 4 orders: −$18.65
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$45.77
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Backpack: live order book, 57 min ago; ApeX Omni: live order book, 57 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 Backpack live order book, 57 min ago	0.07 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 57 min ago	6.70 bp	13.4 bp −$13	55.0 bp −$550	doesn't fit	doesn't fit

ASTER on 31 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	−0.0080%	1h	0.7350	−0.098%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7351	−0.083%	$55.0M	$101.5M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7356	−0.011%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7353	−0.061%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.447%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7351	−0.083%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7350	−0.097%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7358	+0.012%	$893K	$898K	5x	as long as short
dYdX ASTER-USD	+0.0097%	1h	0.7357	−0.007%	$15K	$1K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	−0.027%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7356	−0.012%	$25.5M	$6.6M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7355	−0.034%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7351	−0.083%	$90.1M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7352	−0.069%	$49.1M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7358	+0.012%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7351	−0.083%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7347	−0.137%	$33.9M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7353	−0.061%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7349	−0.110%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7352	−0.069%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7357	long leg	$218K	$481K	10x
Variational Omni ASTER	+0.0100%	4h	0.7351	−0.081%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7350	−0.092%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDTshort	+0.0100%	1h	0.7351	−0.083%	$66K	$713K	50x
SunX ASTER-USDT	+0.0100%	4h	0.7357	−0.001%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7356	−0.015%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7349	−0.110%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7349	−0.116%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7347	−0.136%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7360	+0.038%	$340K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7352	−0.063%	$28K	—	100x	as long as short