Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.079%

Price spread now: BingX against Coinbase International−0.125%53s7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as 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−$420.424% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.125%, 7d avg +0.038%

Together, before fees+0.611%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.163% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.038%). If the spread goes back, that is −$16 on $10k: about 2.9 days of funding at the current rate (+$6 a day). The two prices were read 53 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	0.7357	−0.0088	get 0.0011% / 1h	19m 26s	$271K	$880K	50x
Short	BingX ASTER-USDT	0.7348	0.0100	get 0.0050% / 4h	1h 19m	—	$9.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.125%Rate

Funding earned: $39.48
Price spread: −0.125% → +0.038%: −$16.31
Slippage, 4 orders: −$22.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.28
Costs to cover: 0.424%
Break-even: 10.4 days

Slippage from Coinbase International: live order book, 44 min ago; BingX: live order book, 9 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, 44 min ago	4.41 bp	13.1 bp −$13	17.4 bp −$174	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.05 bp	7.5 bp −$8	11.8 bp −$118	38.4 bp −$3,837	148.9 bp −$74.4K

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-INTXlong	−0.0088%	1h	0.7357	long leg	$271K	$880K	50x
Aster ASTERUSDT	0.0000%	4h	0.7353	−0.052%	$54.7M	$101.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7358	+0.004%	$15K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7355	−0.029%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7349	−0.116%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7352	−0.071%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.446%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0083%	4h	0.7347	−0.139%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7358	+0.012%	$897K	$907K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7346	−0.152%	$368K	$250K	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	0.7358	+0.004%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7356	−0.011%	$256K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7348	−0.125%	$90.3M	$110.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7347	−0.139%	$49.0M	$22.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7351	−0.084%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7351	−0.084%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7350	−0.098%	$33.7M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7351	−0.087%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7345	−0.166%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7348	−0.125%	—	$9.5M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7357	−0.001%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7357	−0.001%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7341	−0.218%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7357	−0.003%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7367	+0.133%	$2K	$1.6M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7355	−0.030%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7357	−0.003%	$244K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7350	−0.096%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7356	−0.021%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7359	+0.027%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7350	−0.091%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7355	−0.030%	$3.5M	$1.9M	75x	as long as short