Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Backpack against BingX+0.097%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on BingX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.097%, 7d avg +0.052%

Together, before fees−0.145%−$14 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: Backpack is 0.045% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7244	0.0100	pay 0.0050% / 4h	6m 44s	—	$9.9M	—
Short	Backpack ASTER_USDC_PERP	0.7251	0.0100	get 0.0013% / 1h	6m 44s	$209K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BingX. 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 BingXbpFee BackpackbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.052%: $4.5
Slippage, 4 orders: −$9.17
Fee BingX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$24.67
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Backpack: live order book, 52 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 BingX live order book, 6 min ago	2.07 bp	7.9 bp −$8	13.0 bp −$130	41.5 bp −$4,152	226.7 bp −$113.3K
Sell Backpack live order book, 52 min ago	0.07 bp	5.5 bp −$5	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	−0.0072%	1h	0.7250	+0.090%	$255K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7247	+0.041%	$8K	$4K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0012%	1h	0.7249	+0.069%	$11K	$72K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7247	+0.035%	$52.6M	$110.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7249	+0.063%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7251	+0.097%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.015%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7249	+0.069%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7254	+0.134%	$877K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7252	+0.110%	$353K	$272K	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	0.7251	+0.101%	$24.6M	$7.7M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7253	+0.123%	$253K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7245	+0.013%	$89.0M	$120.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7244	0.000%	$48.6M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7247	+0.041%	$12.2M	$19.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7249	+0.069%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7247	+0.041%	$33.4M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7250	+0.083%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7245	+0.014%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7244	long leg	—	$9.9M	—
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7251	+0.097%	$209K	$495K	10x
Variational Omni ASTER	+0.0100%	4h	0.7256	+0.168%	$2.1M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7259	+0.207%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7263	+0.262%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7257	+0.179%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7250	+0.083%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7254	+0.138%	$241K	$141K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7246	+0.025%	$363K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7256	+0.159%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0284%	1h	0.7254	+0.139%	$343K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7252	+0.110%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7250	+0.083%	$3.5M	$2.1M	75x	as long as short