Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: KuCoin against Backpack+0.074%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.074%, 7d avg −0.030%

Together, before fees−0.111%−$11 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: KuCoin is 0.104% dearer against Backpack than usual: you sell high and buy low, +$10 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	0.7456	0.0100	pay 0.0013% / 1h	34m 36s	$251K	$376K	10x
Short	KuCoin ASTERUSDTM	0.7462	0.0100	get 0.0050% / 4h	34m 36s	$11.1M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → −0.030%: $10.41
Slippage, 4 orders: −$31.3
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.89
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from Backpack: live order book, 44 min ago; KuCoin: live order book, 4 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, 44 min ago	0.07 bp	5.5 bp −$5	57.9 bp −$579	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.28 bp	21.3 bp −$21	52.9 bp −$529	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	0.7458	+0.030%	$261K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7461	+0.066%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7465	+0.120%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7459	+0.032%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7461	+0.062%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7463	+0.096%	$337K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.887%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7466	+0.126%	$924K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7463	+0.093%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7464	+0.105%	$256K	$104K	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	0.7464	+0.100%	$91.4M	$107.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7465	+0.119%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7462	+0.079%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7463	+0.093%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7461	+0.066%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7462	+0.074%	$11.1M	$3.1M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7464	+0.106%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7462	+0.079%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7456	long leg	$251K	$376K	10x
Variational Omni ASTER	+0.0100%	4h	0.7468	+0.161%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7470	+0.186%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7471	+0.200%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7461	+0.066%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7468	+0.160%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7458	+0.025%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7466	+0.133%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7462	+0.082%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7467	+0.147%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7466	+0.133%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7460	+0.047%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0335%	1h	0.7471	+0.198%	$26.0M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7465	+0.119%	$3.5M	$1.9M	75x	as long as short