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: Backpack against Binance+0.038%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Binance Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.038%, 7d avg +0.030%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7375	0.0100	pay 0.0050% / 4h	2h 52m	$90.4M	$109.8M	75x
Short	Backpack ASTER_USDC_PERP	0.7378	0.0100	get 0.0013% / 1h	52m 24s	$220K	$470K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.030%: $0.77
Slippage, 4 orders: −$8.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$28.17
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Backpack: live order book, 16 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 Binance live order book, 5 min ago	0.68 bp	8.2 bp −$8	14.6 bp −$146	83.7 bp −$8,374	doesn't fit
Sell Backpack live order book, 16 min ago	0.07 bp	6.6 bp −$7	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
ApeX Omni ASTERUSDT	−0.0718%	1h	0.7343	−0.437%	$65K	$715K	50x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7371	−0.058%	$270K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7375	−0.004%	$55.6M	$101.1M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7377	+0.020%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7378	+0.034%	$29K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7380	+0.065%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.201%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7378	+0.038%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7378	+0.039%	$896K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7378	+0.039%	$369K	$255K	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	0.7386	+0.145%	$25.6M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7380	+0.061%	$253K	$70K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7375	long leg	$90.4M	$109.8M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7377	+0.024%	$49.4M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7378	+0.038%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7380	+0.065%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7376	+0.011%	$35.1M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7378	+0.034%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7378	+0.038%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7377	+0.024%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7378	+0.038%	$220K	$470K	10x
Variational Omni ASTER	+0.0100%	4h	0.7328	−0.642%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.692%	$453K	$3.7M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7374	−0.016%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7383	+0.106%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7367	−0.111%	$241K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7379	+0.046%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	−0.292%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7387	+0.157%	$340K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7375	+0.003%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7367	−0.111%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0663%	1h	0.7377	+0.022%	$15K	$1K	5x	as long as short