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 +0.085%

Price spread now: HTX against Coinbase International−0.015%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1671.674% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.015%, 7d avg +0.043%

Together, before fees+0.406%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.058% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.043%). If the spread goes back, that is −$6 on $10k: about 26 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	0.7442	−0.0080	get 0.0010% / 1h	15m 43s	$264K	$850K	50x
Short	HTX ASTER-USDT	0.7441	0.0100	get 0.0050% / 4h	3h 15m	$243K	$110K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $37.8
Price spread: −0.015% → +0.043%: −$5.77
Slippage, 4 orders: −$145.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$135.4
Costs to cover: 1.674%
Break-even: 32.1 days

Slippage from Coinbase International: live order book, 58 min ago; HTX: live order book, 56 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, 58 min ago	4.17 bp	13.6 bp −$14	17.3 bp −$173	doesn't fit	doesn't fit
Sell HTX live order book, 56 min ago	6.05 bp	57.1 bp −$57	doesn't fit	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
Coinbase International ASTER-PERP-INTXlong	−0.0080%	1h	0.7442	long leg	$264K	$850K	50x
Aster ASTERUSDT	0.0000%	4h	0.7454	+0.165%	$56.5M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7452	+0.130%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7451	+0.117%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7448	+0.073%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.700%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7458	+0.212%	$342K	$495K	20x	as long as short
01 Exchange ASTERUSD	+0.0088%	1h	0.7451	+0.120%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7448	+0.079%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7457	+0.196%	$919K	$881K	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	0.7444	+0.028%	$372K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7457	+0.195%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7454	+0.162%	$91.7M	$107.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7453	+0.146%	$49.7M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7458	+0.214%	$12.1M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7452	+0.133%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7453	+0.146%	$35.8M	$17.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7453	+0.142%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7454	+0.160%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7457	+0.200%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7452	+0.140%	$217K	$448K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7445	+0.044%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	+0.106%	$468K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7454	+0.160%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7453	+0.146%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7454	+0.160%	$13K	$8K	5x	as long as short
HTX ASTER-USDTshort	+0.0100%	4h	0.7441	−0.015%	$243K	$110K	20x
edgeX ASTERUSDC	+0.0101%	4h	0.7451	+0.119%	$215K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7453	+0.152%	$373K	$641K	25x	as long as short
Hyperliquid ASTER	+0.0214%	1h	0.7461	+0.255%	$25.9M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7445	+0.040%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7439	−0.042%	$3.5M	$1.9M	75x	as long as short