Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.077%

Price spread now: Coinbase International against Bybit+0.128%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.128%, 7d avg −0.034%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.162% dearer against Bybit than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of −0.034%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.229% in total) that is about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7437	0.0100	pay 0.0050% / 4h	10m 55s	$49.7M	$22.1M	75x
Short	Coinbase International ASTER-PERP-INTX	0.7447	−0.0136	pay 0.0017% / 1h	10m 55s	$260K	$855K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$49.56
Price spread: +0.128% → −0.034%: $16.18
Slippage, 4 orders: −$27.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$82.16
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 2 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 Bybit live order book, 3 min ago	0.67 bp	10.9 bp −$11	43.8 bp −$438	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 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	−0.0136%	1h	0.7447	+0.128%	$260K	$855K	50x
Aster ASTERUSDT	0.0000%	4h	0.7439	+0.027%	$56.6M	$100.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7439	+0.026%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7435	−0.027%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7435	−0.030%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7437	−0.002%	$336K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.632%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7437	+0.004%	$921K	$884K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7439	+0.027%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7443	+0.087%	$372K	$267K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7440	+0.045%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7437	0.000%	$91.1M	$107.5M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7437	long leg	$49.7M	$22.1M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7439	+0.027%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7439	+0.027%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7438	+0.013%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7436	−0.009%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7436	−0.013%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7434	−0.040%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7433	−0.055%	$218K	$400K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7432	−0.062%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7443	+0.078%	$456K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7442	+0.067%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7443	+0.081%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7433	−0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7440	+0.040%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7441	+0.055%	$374K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0117%	4h	0.7441	+0.058%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7438	+0.013%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7434	−0.042%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0331%	1h	0.7443	+0.076%	$25.8M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7440	+0.040%	$3.5M	$1.9M	75x	as long as short