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 −0.022%

Price spread now: Variational Omni against Backpack+0.435%7-day average −0.073% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.553%+$55 · spread now +0.435%, 7d avg −0.073%

Together, before fees+0.480%+ Points / potential airdropVariational Omni: Active · farm board+$48 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: Variational Omni is 0.508% dearer against Backpack than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7349	0.0100	pay 0.0013% / 1h	47m 09s	$220K	$480K	10x
Short	Variational Omni ASTER	0.7381	0.0100	get 0.0050% / 4h	1h 47m	$2.1M	$371K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.435%Rate

Funding earned: $0
Price spread: +0.435% → −0.073%: $50.76
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $40.76
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Backpack: live order book, 17 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 17 min ago	0.07 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.08 bp	doesn't fit	44.9 bp −$449	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
Deribit ASTER_USDC-PERPETUAL	−0.0158%	1h	0.7346	−0.039%	$11K	$86K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0088%	1h	0.7355	+0.078%	$272K	$879K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7348	−0.015%	$54.8M	$101.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7357	+0.101%	$15K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7354	+0.063%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0032%	1h	0.7348	−0.015%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.557%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7344	−0.069%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7350	+0.011%	$891K	$900K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	+0.080%	$367K	$254K	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	0.7354	+0.066%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7355	+0.084%	$256K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7348	−0.015%	$90.4M	$109.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7349	−0.001%	$49.1M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7348	−0.015%	$12.1M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7345	−0.056%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7343	−0.083%	$33.7M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7348	−0.016%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7351	+0.026%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7351	+0.026%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7349	long leg	$220K	$480K	10x
Variational Omni ASTERshort	+0.0100%	4h	0.7381	+0.435%	$2.1M	$371K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7382	+0.441%	$454K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7356	+0.094%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7362	+0.176%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7345	−0.056%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7352	+0.039%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7349	−0.007%	$367K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	+0.065%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7348	−0.020%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7353	+0.047%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7350	+0.012%	—	$1.9M	75x	as long as short