Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.006%

Price spread now: edgeX against Backpack−0.295%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+1.275%+$128 · spread now −0.295%, 7d avg −0.067%

Together, before fees+1.256%+ Points / potential airdropedgeX: Active · farm board+$126 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: edgeX is 0.228% cheaper against Backpack than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7340	0.0100	pay 0.0013% / 1h	56m 58s	$218K	$486K	10x
Short	edgeX ASTERUSDC	0.7318	0.0105	get 0.0052% / 4h	56m 58s	$212K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.295%Rate

Funding earned: $1.02
Price spread: −0.295% → −0.067%: −$22.83
Slippage, 4 orders: −$8.82
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$49.63
Costs to cover: 0.278%
Break-even: 346.0 days

Slippage from Backpack: live order book, 2 min ago; edgeX: 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 Backpack live order book, 2 min ago	0.07 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	2.72 bp	7.2 bp −$7	14.2 bp −$142	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	−0.169%	$277K	$885K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7334	−0.078%	$54.6M	$102.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7324	−0.220%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7334	−0.086%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7335	−0.075%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.681%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0077%	4h	0.7330	−0.136%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7337	−0.045%	$894K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7326	−0.196%	$367K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7328	−0.163%	$254K	$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	0.7340	0.000%	$90.5M	$111.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7339	−0.014%	$48.8M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7342	+0.027%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7336	−0.054%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7337	−0.041%	$34.0M	$18.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7333	−0.089%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7341	+0.014%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7341	+0.014%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7340	long leg	$218K	$486K	10x
Variational Omni ASTER	+0.0100%	4h	0.7321	−0.259%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7331	−0.122%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7322	−0.245%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7344	+0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7336	−0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7334	−0.082%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7333	−0.094%	$365K	$638K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7326	−0.191%	$8K	$4K	10x	as long as short
edgeX ASTERUSDCshort	+0.0105%	4h	0.7318	−0.295%	$212K	$2.0M	10x
Hyperliquid ASTER	+0.0127%	1h	0.7347	+0.098%	$25.5M	$6.5M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0281%	1h	0.7339	−0.010%	$337K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7334	−0.075%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7337	−0.041%	$3.5M	$1.9M	75x	as long as short