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% APRnext payment −$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Nado against Backpack+0.081%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$260.261% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now +0.081%, 7d avg −0.003%

Together, before fees+0.080%+ Points / potential airdropNado: Active · farm board+$8 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: Nado is 0.084% dearer against Backpack than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7448	0.0100	pay 0.0013% / 1h	16m 01s	$216K	$396K	10x
Short	Nado ASTER-PERP	0.7454	0.0100	get 0.0012% / 1h	16m 01s	$373K	$268K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.003%: $8.35
Slippage, 4 orders: −$9.15
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.8
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Backpack: live order book, 62 min ago; Nado: live order book, 62 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, 62 min ago	0.07 bp	5.5 bp −$5	57.9 bp −$579	doesn't fit	doesn't fit
Sell Nado live order book, 62 min ago	0.68 bp	6.8 bp −$7	31.8 bp −$318	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	0.7447	−0.020%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7453	+0.068%	$56.8M	$100.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7452	+0.053%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7451	+0.044%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7451	+0.036%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7455	+0.098%	$337K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.779%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7456	+0.106%	$923K	$884K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7456	+0.107%	$14K	$845	10x	as long as short
Nado ASTER-PERPshort	+0.0100%	1h	0.7454	+0.081%	$373K	$268K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7455	+0.096%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7453	+0.067%	$91.3M	$107.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7453	+0.067%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7452	+0.054%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7452	+0.054%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7452	+0.054%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7453	+0.070%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7453	+0.067%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7452	+0.054%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7448	long leg	$216K	$396K	10x
Variational Omni ASTER	+0.0100%	4h	0.7449	+0.019%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	+0.032%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7446	−0.027%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7460	+0.161%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7452	+0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7448	0.000%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7452	+0.048%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7446	−0.028%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7453	+0.067%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7450	+0.027%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0338%	1h	0.7461	+0.175%	$25.9M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7450	+0.027%	$3.5M	$1.9M	75x	as long as short