Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.082%

Price spread now: Bybit against Coinbase International−0.026%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.026%, 7d avg +0.035%

Together, before fees+0.332%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.061% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.035%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7350	−0.0080	get 0.0010% / 1h	11m 34s	$267K	$849K	50x
Short	Bybit ASTERUSDT	0.7348	0.0100	get 0.0050% / 4h	2h 11m	$49.1M	$22.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $37.8
Price spread: −0.026% → +0.035%: −$6.06
Slippage, 4 orders: −$28.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$17.72
Costs to cover: 0.495%
Break-even: 10.3 days

Slippage from Coinbase International: live order book, 57 min ago; Bybit: 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, 57 min ago	4.29 bp	11.0 bp −$11	17.3 bp −$173	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.68 bp	13.5 bp −$14	45.6 bp −$456	152.4 bp −$15.2K	doesn't fit

ASTER on 31 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	−0.0080%	1h	0.7350	long leg	$267K	$849K	50x
Aster ASTERUSDT	0.0000%	4h	0.7354	+0.061%	$55.0M	$101.5M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7356	+0.087%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7358	+0.113%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.546%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7351	+0.015%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7351	+0.015%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7358	+0.110%	$893K	$898K	5x	as long as short
dYdX ASTER-USD	+0.0097%	1h	0.7357	+0.091%	$15K	$1K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	+0.071%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7361	+0.147%	$25.5M	$6.6M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7355	+0.064%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7347	−0.035%	$90.0M	$110.8M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7348	−0.026%	$49.1M	$22.6M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7352	+0.029%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7357	+0.097%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7350	+0.001%	$33.9M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7356	+0.083%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7351	+0.015%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7349	−0.012%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7357	+0.098%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7351	+0.017%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7350	+0.006%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	+0.015%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7357	+0.097%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7356	+0.083%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7349	−0.012%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7349	−0.018%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7347	−0.038%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7360	+0.136%	$340K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7354	+0.062%	$28K	—	100x	as long as short