Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h +0.151%

Price spread now: BloFin against Coinbase International−0.184%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs+$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.705%+$70 on $10k

Price spread, last 3 days (all we have)+0.364%+$36 · spread now −0.184%, 7d avg +0.047%

Together, before fees+1.069%+$107 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.231% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of +0.047%). If the spread goes back, that is −$23 on $10k: about 39 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7390	−0.0136	get 0.0017% / 1h	50m 51s	$251K	$827K	50x
Short	BloFin ASTER-USDT	0.7376	0.0340	get 0.0170% / 4h	1h 50m	$3.4M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.184%Rate

Funding earned: $99.96
Price spread: −0.184% → +0.047%: −$23.13
Slippage, 4 orders: −$14.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $40.46
Costs to cover: 0.364%
Break-even: 4.2 days

Slippage from Coinbase International: live order book, 32 min ago; BloFin: 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 Coinbase International live order book, 32 min ago	4.44 bp	13.5 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.68 bp	6.7 bp −$7	10.0 bp −$100	37.0 bp −$3,699	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-INTXlong	−0.0136%	1h	0.7390	long leg	$251K	$827K	50x
Aster ASTERUSDT	0.0000%	4h	0.7373	−0.219%	$56.4M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7374	−0.207%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7376	−0.185%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.276%	$9	$96K	5.5x	as long as short
dYdX ASTER-USD	+0.0051%	1h	0.7376	−0.179%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7378	−0.156%	$908K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7375	−0.198%	$369K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7378	−0.152%	$253K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7378	−0.159%	$90.3M	$106.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7380	−0.130%	$49.4M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7379	−0.143%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7377	−0.171%	$6.2M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7371	−0.252%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7372	−0.242%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7381	−0.116%	$18.1M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7380	−0.130%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7374	−0.207%	$264K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7395	+0.071%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7404	+0.192%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7378	−0.157%	$65K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7371	−0.252%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7383	−0.089%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7374	−0.211%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7380	−0.130%	$241K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7374	−0.206%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7382	−0.103%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7377	−0.171%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7378	−0.154%	$284K	$420K	20x	as long as short
Hyperliquid ASTER	+0.0207%	1h	0.7382	−0.103%	$25.7M	$6.7M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7375	−0.201%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7376	−0.184%	$3.4M	$1.8M	75x