Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: SunX against Backpack+0.104%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2482.482% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.104%, 7d avg +0.075%

Together, before fees+0.028%+$3 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: SunX is 0.029% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7405	0.0100	pay 0.0013% / 1h	40m 59s	$263K	$324K	10x
Short	SunX ASTER-USDT	0.7413	0.0100	get 0.0050% / 4h	1h 40m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.075%: $2.89
Slippage, 4 orders: −$230.24
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$245.34
Costs to cover: 2.482%
Break-even: never at this rate

Slippage from Backpack: live order book, 42 min ago; SunX: 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, 42 min ago	0.07 bp	5.4 bp −$5	59.4 bp −$594	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	29.69 bp	124.8 bp −$125	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	−0.0136%	1h	0.7397	−0.112%	$251K	$825K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7407	+0.027%	$56.6M	$99.5M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7404	−0.019%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7406	+0.003%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.063%	$9	$96K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7409	+0.047%	$912K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7405	−0.004%	$370K	$273K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7411	+0.076%	$254K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7404	−0.018%	$90.7M	$106.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7404	−0.018%	$49.6M	$21.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7407	+0.023%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7406	+0.009%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7404	−0.018%	$34.3M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7408	+0.031%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7409	+0.050%	$18.2M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7405	−0.004%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7405	long leg	$263K	$324K	10x
Variational Omni ASTER	+0.0100%	4h	0.7384	−0.290%	$2.0M	$362K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7393	−0.172%	$460K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7395	−0.139%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7408	+0.036%	$14K	$845	10x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7413	+0.104%	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7404	−0.018%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7403	−0.031%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7403	−0.031%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7398	−0.102%	$213K	$1.9M	10x	as long as short
dYdX ASTER-USD	+0.0143%	1h	0.7409	+0.052%	$13K	$61	5x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7412	+0.090%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7407	+0.027%	$286K	$420K	20x	as long as short
Hyperliquid ASTER	+0.0181%	1h	0.7412	+0.089%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7404	−0.019%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7408	+0.036%	$3.4M	$1.8M	75x	as long as short