Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.043%

Price spread now: Deribit against Bitget−0.069%7-day average −0.015% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.069%, 7d avg −0.015%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.054% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ASTERUSDT	0.7409	0.0100	pay 0.0050% / 4h	1h 40m	$18.2M	$6.3M	50x
Short	Deribit ASTER_USDC-PERPETUAL	0.7404	0	get 0.0000% / 1h	40m 52s	$11K	$87K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$21
Price spread: −0.069% → −0.015%: −$5.35
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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, 3 min ago	1.35 bp	10.4 bp −$10	13.7 bp −$137	57.5 bp −$5,748	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0136%	1h	0.7397	−0.162%	$251K	$825K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7406	−0.040%	$56.6M	$99.5M	200x	as long as short
Deribit ASTER_USDC-PERPETUALshort	0.0000%	1h	0.7404	−0.069%	$11K	$87K	25x
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7406	−0.047%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.013%	$9	$96K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7409	−0.003%	$912K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7405	−0.054%	$370K	$273K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7411	+0.026%	$254K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7405	−0.060%	$90.7M	$106.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7406	−0.040%	$49.6M	$21.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7405	−0.054%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7407	−0.027%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7406	−0.040%	$34.2M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7406	−0.040%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDTlong	+0.0100%	4h	0.7409	long leg	$18.2M	$6.3M	50x
BingX ASTER-USDT	+0.0100%	4h	0.7406	−0.040%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7405	−0.050%	$263K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7384	−0.340%	$2.0M	$362K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7393	−0.222%	$460K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7395	−0.189%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7408	−0.013%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7413	+0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7404	−0.067%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7403	−0.081%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7404	−0.073%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7398	−0.152%	$213K	$1.9M	10x	as long as short
dYdX ASTER-USD	+0.0143%	1h	0.7409	+0.002%	$13K	$61	5x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7412	+0.040%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7407	−0.023%	$286K	$420K	20x	as long as short
Hyperliquid ASTER	+0.0181%	1h	0.7412	+0.039%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7404	−0.069%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7408	−0.013%	$3.4M	$1.8M	75x	as long as short