Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.065%

Price spread now: GRVT against Coinbase International+0.058%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.058%, 7d avg +0.021%

Together, before fees+0.191%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GRVT is 0.037% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7416	−0.0080	get 0.0010% / 1h	46m 43s	$264K	$867K	50x
Short	GRVT ASTER_USDT_Perp	0.7420	0.0100	get 0.0050% / 4h	3h 46m	$461K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.058%Rate

Funding earned: $37.8
Price spread: +0.058% → +0.021%: $3.73
Slippage, 4 orders: −$29.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$7.05
Costs to cover: 0.486%
Break-even: 8.3 days

Slippage from Coinbase International: live order book, 27 min ago; GRVT: 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, 27 min ago	4.17 bp	13.6 bp −$14	17.3 bp −$173	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	0.67 bp	10.5 bp −$11	23.8 bp −$238	doesn't fit	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
Backpack ASTER_USDC_PERP	−0.0113%	1h	0.7427	+0.148%	$215K	$404K	10x	as long as short
Coinbase International ASTER-PERP-INTXlong	−0.0080%	1h	0.7416	long leg	$264K	$867K	50x
Aster ASTERUSDT	0.0000%	4h	0.7429	+0.177%	$56.5M	$101.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7426	+0.134%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7427	+0.147%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7429	+0.171%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.349%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7431	+0.204%	$341K	$507K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7436	+0.271%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7432	+0.220%	$917K	$879K	5x	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	0.7424	+0.108%	$371K	$266K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7430	+0.196%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7429	+0.177%	$91.1M	$108.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7427	+0.150%	$49.6M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7428	+0.163%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7430	+0.190%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7430	+0.190%	$35.0M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7429	+0.177%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7429	+0.177%	$18.2M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7430	+0.190%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7424	+0.114%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perpshort	+0.0100%	4h	0.7420	+0.058%	$461K	$3.8M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7427	+0.150%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7433	+0.231%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7427	+0.150%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7419	+0.042%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7430	+0.197%	$372K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7427	+0.150%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7417	+0.021%	$214K	$1.9M	10x	as long as short
Hyperliquid ASTER	+0.0244%	1h	0.7438	+0.293%	$25.8M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7426	+0.133%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7423	+0.096%	$3.5M	$1.9M	75x	as long as short