Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0115%/8h= +12.5% APRpaid last 24h +0.029%

Price spread now: GMX against Bybit+0.049%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7228	0.0100	pay 0.0050% / 4h	4m 18s	$48.5M	$25.1M	75x
Short	GMX ASTER/USD [WBTC.b-USDC]	0.7232	L +0.0303% / S −0.0215%	get 0.0027% / 1h	4m 18s	$27K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $24.06
Price spread: +0.049% → 0.000%: $4.93
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.99
Costs to cover: 0.230%
Break-even: 5.3 days

Slippage unknown: Bybit: live order book, 5 min ago; GMX: 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 Bybit live order book, 5 min ago	0.69 bp	10.0 bp −$10	35.3 bp −$353	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0072%	1h	0.7236	+0.105%	$255K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7225	−0.042%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	−0.0003%	4h	0.7226	−0.030%	$52.5M	$110.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7226	−0.032%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7230	+0.028%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7230	+0.025%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.241%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7229	+0.014%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7235	+0.090%	$875K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7225	−0.042%	$352K	$272K	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	0.7234	+0.084%	$24.6M	$7.8M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7226	−0.032%	$252K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7229	+0.018%	$88.7M	$120.5M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7228	long leg	$48.5M	$25.1M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7236	+0.111%	$12.2M	$19.8M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7225	−0.042%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7223	−0.069%	$33.1M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7226	−0.029%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7228	0.000%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7231	+0.042%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7226	−0.029%	$209K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	+0.128%	$2.0M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7248	+0.277%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7251	+0.318%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7231	+0.042%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7233	+0.069%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7227	−0.014%	$240K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7231	+0.042%	$361K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7249	+0.291%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7239	+0.156%	$342K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]short	L +0.0303% / S −0.0215%	1h	0.7232	+0.049%	$27K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7228	0.000%	$3.4M	$2.1M	75x	as long as short