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% APRpaid last 24h −0.009%

Price spread now: MEXC against Backpack−0.034%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Backpack Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.034%, 7d avg −0.035%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7338	0.0100	pay 0.0013% / 1h	56m 46s	$214K	$460K	10x
Short	MEXC ASTER_USDT	0.7335	0.0100	get 0.0050% / 4h	2h 56m	$35.4M	$17.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.035%: $0.05
Slippage, 4 orders: −$6.19
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.14
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Backpack: live order book, 12 min ago; MEXC: live order book, 7 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, 12 min ago	0.07 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	0.67 bp	2.0 bp −$2	5.4 bp −$54	24.9 bp −$2,486	144.8 bp −$72.4K

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	−0.0080%	1h	0.7349	+0.164%	$269K	$849K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0077%	1h	0.7345	+0.099%	$11K	$86K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7333	−0.059%	$55.4M	$100.6M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7353	+0.216%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0032%	1h	0.7357	+0.266%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.716%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7348	+0.143%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7334	−0.044%	$891K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7357	+0.266%	$368K	$256K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7337	−0.011%	$25.4M	$6.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7360	+0.302%	$252K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7330	−0.102%	$90.0M	$109.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7327	−0.143%	$48.8M	$22.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7333	−0.061%	$12.0M	$18.1M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7338	+0.007%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7335	−0.034%	$35.4M	$17.3M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7335	−0.034%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7328	−0.129%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7331	−0.089%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7338	long leg	$214K	$460K	10x
Variational Omni ASTER	+0.0100%	4h	0.7371	+0.459%	$2.1M	$374K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7384	+0.635%	$455K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7381	+0.593%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7348	+0.143%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7345	+0.102%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7354	+0.225%	$240K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7333	−0.058%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7380	+0.584%	$213K	$1.9M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7350	+0.171%	$338K	$499K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7352	+0.198%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7332	−0.075%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0887%	1h	0.7362	+0.327%	$13K	$61	5x	as long as short