Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.156%

Price spread now: Coinbase International against BloFin−0.055%58s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as 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−$450.451% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.714%−$71 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now −0.055%, 7d avg −0.045%

Together, before fees−0.759%−$76 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 58 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	BloFin ASTER-USDT	0.7437	0.0340	pay 0.0170% / 4h	3h 41m	$3.5M	$1.9M	75x
Short	Coinbase International ASTER-PERP-INTX	0.7433	−0.0080	pay 0.0010% / 1h	41m 52s	$264K	$864K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$88.2
Price spread: −0.055% → −0.045%: −$0.97
Slippage, 4 orders: −$23.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$134.3
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Coinbase International: live order book, 31 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 BloFin live order book, 1 min ago	2.02 bp	9.4 bp −$9	12.9 bp −$129	36.9 bp −$3,689	doesn't fit
Sell Coinbase International live order book, 31 min ago	4.17 bp	14.0 bp −$14	19.7 bp −$197	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	−0.0080%	1h	0.7433	−0.055%	$264K	$864K	50x
Backpack ASTER_USDC_PERP	−0.0067%	1h	0.7438	+0.017%	$215K	$404K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7443	+0.081%	$56.5M	$100.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7441	+0.051%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7442	+0.066%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7442	+0.063%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.632%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7445	+0.112%	$342K	$486K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7440	+0.040%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7446	+0.120%	$918K	$879K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7444	+0.094%	$372K	$261K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7445	+0.105%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7439	+0.029%	$91.2M	$108.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7436	−0.013%	$49.7M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7438	+0.013%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7441	+0.054%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7436	−0.013%	$35.3M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7439	+0.026%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7438	+0.013%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7442	+0.067%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7423	−0.184%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7432	−0.068%	$462K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7432	−0.067%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	+0.188%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7442	+0.067%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7440	+0.040%	$243K	$111K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7428	−0.124%	$214K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7434	−0.034%	$372K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7447	+0.134%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0242%	1h	0.7450	+0.173%	$25.9M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7442	+0.074%	$28K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7437	long leg	$3.5M	$1.9M	75x