Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.079%

Price spread now: Coinbase International against BingX−0.011%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now −0.011%, 7d avg −0.038%

Together, before fees−0.475%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.027% dearer against BingX than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.038%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7358	0.0100	pay 0.0050% / 4h	1h 20m	—	$9.5M	—
Short	Coinbase International ASTER-PERP-INTX	0.7357	−0.0088	pay 0.0011% / 1h	20m 48s	$271K	$880K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$39.48
Price spread: −0.011% → −0.038%: $2.72
Slippage, 4 orders: −$22.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$79.21
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Coinbase International: live order book, 43 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, 7 min ago	2.05 bp	7.7 bp −$8	11.4 bp −$114	35.6 bp −$3,565	279.1 bp −$139.6K
Sell Coinbase International live order book, 43 min ago	4.41 bp	14.1 bp −$14	19.0 bp −$190	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	−0.0088%	1h	0.7357	−0.011%	$271K	$880K	50x
Aster ASTERUSDT	0.0000%	4h	0.7358	−0.005%	$54.7M	$101.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7358	−0.006%	$15K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7365	+0.095%	$8K	$4K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7357	−0.019%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7357	−0.019%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.435%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0084%	4h	0.7356	−0.027%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7361	+0.043%	$897K	$907K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7362	+0.056%	$368K	$250K	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	0.7366	+0.106%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7360	+0.026%	$256K	$72K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7356	−0.027%	$90.4M	$110.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7359	+0.014%	$49.0M	$22.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7362	+0.054%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7359	+0.014%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7358	0.000%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7359	+0.011%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7360	+0.027%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7358	long leg	—	$9.5M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7359	+0.016%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7357	−0.012%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7341	−0.229%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7347	−0.149%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7366	+0.109%	$2K	$1.6M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7355	−0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7357	−0.014%	$244K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7355	−0.046%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7332	−0.347%	$211K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7359	+0.015%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7355	−0.043%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7355	−0.041%	$3.5M	$1.9M	75x	as long as short