Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Binance against Backpack+0.104%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.104%, 7d avg −0.030%

Together, before fees+0.043%+$4 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: Binance is 0.135% dearer against Backpack than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7402	0.0100	pay 0.0013% / 1h	24m 41s	$263K	$326K	10x
Short	Binance ASTERUSDT	0.7410	0.0100	get 0.0050% / 4h	1h 24m	$90.7M	$106.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → −0.030%: $13.46
Slippage, 4 orders: −$11.58
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.12
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Backpack: live order book, 59 min ago; Binance: live order book, 3 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, 59 min ago	0.07 bp	5.4 bp −$5	59.4 bp −$594	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.68 bp	6.6 bp −$7	14.9 bp −$149	53.0 bp −$5,303	256.9 bp −$128.4K

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	−0.123%	$260K	$841K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7407	+0.069%	$56.7M	$99.9M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7401	−0.015%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	−0.011%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.166%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0080%	1h	0.7409	+0.091%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7414	+0.153%	$915K	$872K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7401	−0.022%	$371K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7391	−0.153%	$253K	$107K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7410	+0.104%	$90.7M	$106.9M	75x

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	+0.077%	$49.5M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7409	+0.091%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7409	+0.091%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7409	+0.091%	$34.7M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7408	+0.072%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7410	+0.104%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7409	+0.091%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7402	long leg	$263K	$326K	10x
Variational Omni ASTER	+0.0100%	4h	0.7391	−0.158%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7395	−0.103%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.018%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7402	−0.004%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7407	+0.063%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7402	−0.004%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7390	−0.166%	$242K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7393	−0.131%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7407	+0.058%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7400	−0.031%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7406	+0.048%	$281K	$428K	20x	as long as short
Hyperliquid ASTER	+0.0160%	1h	0.7417	+0.197%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7403	+0.003%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7395	−0.099%	$3.4M	$1.9M	75x	as long as short