Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.085%

Price spread now: Coinbase International against Bitget−0.132%47s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.449% of the position

Long on Bitget 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)−0.022%−$2 · spread now −0.132%, 7d avg −0.045%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.087% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ASTERUSDT	0.7403	0.0100	pay 0.0050% / 4h	1h 24m	$18.2M	$6.4M	50x
Short	Coinbase International ASTER-PERP-INTX	0.7393	−0.0136	pay 0.0017% / 1h	24m 22s	$260K	$841K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$49.56
Price spread: −0.132% → −0.045%: −$8.69
Slippage, 4 orders: −$22.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$103.17
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 59 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 Bitget live order book, 4 min ago	1.35 bp	12.7 bp −$13	21.0 bp −$210	71.6 bp −$7,162	doesn't fit
Sell Coinbase International live order book, 59 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	−0.0136%	1h	0.7393	−0.132%	$260K	$841K	50x
Aster ASTERUSDT	0.0000%	4h	0.7406	+0.036%	$56.7M	$99.9M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7401	−0.024%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7408	+0.069%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.176%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0080%	1h	0.7409	+0.082%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7414	+0.143%	$915K	$872K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7405	+0.020%	$371K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7411	+0.108%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7407	+0.054%	$90.6M	$107.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7403	0.000%	$49.5M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7406	+0.041%	$11.9M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7406	+0.041%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7402	−0.014%	$34.7M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7404	+0.019%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDTlong	+0.0100%	4h	0.7403	long leg	$18.2M	$6.4M	50x
BingX ASTER-USDT	+0.0100%	4h	0.7407	+0.054%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7402	−0.009%	$263K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7391	−0.168%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7395	−0.112%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.027%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7402	−0.014%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7407	+0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7402	−0.014%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7390	−0.176%	$242K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7393	−0.140%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7404	+0.008%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7407	+0.054%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7406	+0.038%	$281K	$428K	20x	as long as short
Hyperliquid ASTER	+0.0158%	1h	0.7412	+0.115%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7410	+0.092%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7395	−0.108%	$3.4M	$1.9M	75x	as long as short