Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.046%

Price spread now: Aster against Coinbase International−0.260%54s7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as 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−$400.401% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.260%, 7d avg +0.066%

Together, before fees+0.706%+ Points / potential airdropAster: Stage 5 · farm board+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.325% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of +0.066%). If the spread goes back, that is −$33 on $10k: about 15 days of funding at the current rate (+$2 a day). The two prices were read 54 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	Coinbase International ASTER-PERP-INTX	0.7242	−0.0072	get 0.0009% / 1h	5m 22s	$255K	$1.0M	50x
Short	Aster ASTERUSDT	0.7223	0	get 0.0000% / 4h	5m 22s	$52.4M	$110.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.260%Rate

Funding earned: $15.12
Price spread: −0.260% → +0.066%: −$32.51
Slippage, 4 orders: −$22.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$57.5
Costs to cover: 0.401%
Break-even: 33.6 days

Slippage from Coinbase International: live order book, 3 min ago; Aster: live order book, 4 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 Coinbase International live order book, 3 min ago	3.93 bp	11.2 bp −$11	17.4 bp −$174	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.69 bp	6.8 bp −$7	12.6 bp −$126	102.6 bp −$10.3K	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
Deribit ASTER_USDC-PERPETUAL	−0.0151%	1h	0.7238	−0.058%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTXlong	−0.0072%	1h	0.7242	long leg	$255K	$1.0M	50x
01 Exchange ASTERUSD	−0.0016%	1h	0.7225	−0.232%	$8K	$4K	10x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7223	−0.260%	$52.4M	$110.6M	200x
dYdX ASTER-USD	0.0000%	1h	0.7226	−0.222%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7224	−0.246%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.046%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7220	−0.301%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7225	−0.236%	$874K	$922K	5x	as long as short
Extended ASTER-USD	+0.0096%	1h	0.7223	−0.260%	$361K	$635K	25x	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	0.7229	−0.174%	$352K	$272K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7229	−0.178%	$24.5M	$7.7M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7227	−0.200%	$252K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7221	−0.287%	$88.6M	$120.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7221	−0.287%	$48.5M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7226	−0.218%	$12.2M	$19.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7222	−0.273%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7221	−0.287%	$33.1M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7223	−0.257%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7223	−0.260%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7223	−0.260%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7240	−0.029%	$209K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	−0.063%	$2.0M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7248	+0.085%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7251	+0.127%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7246	+0.058%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7239	−0.039%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7244	+0.030%	$241K	$141K	20x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7249	+0.100%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7243	+0.021%	$342K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.260%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7250	+0.113%	$3.5M	$2.1M	75x	as long as short