Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: HTX against Backpack+0.026%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1201.197% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.026%, 7d avg −0.045%

Together, before fees−0.035%−$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: HTX is 0.071% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7348	0.0100	pay 0.0013% / 1h	18m 34s	$218K	$481K	10x
Short	HTX ASTER-USDT	0.7350	0.0100	get 0.0050% / 4h	1h 18m	$243K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.045%: $7.13
Slippage, 4 orders: −$97.67
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$112.54
Costs to cover: 1.197%
Break-even: never at this rate

Slippage from Backpack: live order book, 45 min ago; HTX: live order book, 43 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, 45 min ago	0.07 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 43 min ago	8.81 bp	20.1 bp −$20	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	−0.0088%	1h	0.7347	−0.014%	$270K	$879K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7345	−0.047%	$54.6M	$101.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7345	−0.049%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7346	−0.023%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7349	+0.008%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7343	−0.069%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.570%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0083%	4h	0.7347	−0.015%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7349	+0.012%	$895K	$907K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7342	−0.076%	$368K	$250K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7349	+0.007%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7346	−0.031%	$256K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7342	−0.083%	$90.2M	$110.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7344	−0.056%	$48.9M	$22.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7346	−0.029%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7345	−0.042%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7343	−0.069%	$33.7M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7349	+0.005%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7345	−0.042%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7342	−0.083%	—	$9.5M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7348	long leg	$218K	$481K	10x
Variational Omni ASTER	+0.0100%	4h	0.7357	+0.123%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7341	−0.095%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7357	+0.121%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7359	+0.148%	$2K	$1.6M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7346	−0.029%	$13K	$8K	5x	as long as short
HTX ASTER-USDTshort	+0.0100%	4h	0.7350	+0.026%	$243K	$117K	20x
Extended ASTER-USD	+0.0104%	1h	0.7341	−0.102%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7356	+0.103%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7349	+0.013%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7350	+0.033%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7347	−0.015%	$3.5M	$1.9M	75x	as long as short