Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.087%

Price spread now: Coinbase International against Binance+0.126%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 3 days (all we have)−0.261%−$26 · spread now +0.126%, 7d avg −0.050%

Together, before fees−0.519%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.177% dearer against Binance than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of −0.050%): +$18 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.258% in total) that is about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7432	0.0100	pay 0.0050% / 4h	2h 16m	$91.2M	$106.4M	75x
Short	Coinbase International ASTER-PERP-INTX	0.7442	−0.0160	pay 0.0020% / 1h	16m 39s	$252K	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$54.6
Price spread: +0.126% → −0.050%: $17.67
Slippage, 4 orders: −$16.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$73.16
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Coinbase International: 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 Binance live order book, 11 min ago	0.67 bp	6.8 bp −$7	15.8 bp −$158	77.5 bp −$7,748	doesn't fit
Sell Coinbase International live order book, 7 min ago	4.44 bp	9.6 bp −$10	14.8 bp −$148	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-INTXshort	−0.0160%	1h	0.7442	+0.126%	$252K	$832K	50x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	−0.301%	$9	$96K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0019%	1h	0.7435	+0.030%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7431	−0.023%	$56.9M	$99.9M	200x	as long as short
dYdX ASTER-USD	+0.0002%	1h	0.7434	+0.028%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7437	+0.056%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7436	+0.048%	$916K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7435	+0.042%	$370K	$278K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7434	+0.024%	$255K	$108K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7432	long leg	$91.2M	$106.4M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7431	−0.019%	$49.7M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7432	−0.005%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7435	+0.035%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7431	−0.019%	$34.2M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7433	+0.004%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7432	−0.005%	$18.2M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7431	−0.019%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7436	+0.047%	$266K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7437	+0.063%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7442	+0.131%	$465K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7440	+0.102%	$66K	$715K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7432	−0.005%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7439	+0.089%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7435	+0.035%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7436	+0.048%	$243K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7434	+0.016%	$378K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7439	+0.095%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0160%	1h	0.7440	+0.102%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0261%	1h	0.7440	+0.104%	$286K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7435	+0.032%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7440	+0.102%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0488%	1h	0.7442	+0.130%	$26.1M	$6.7M	5x	as long as short