Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%

Price spread now: KuCoin against Coinbase International+0.288%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.288%, 7d avg +0.054%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.234% dearer against Coinbase International than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7393	−0.0136	get 0.0017% / 1h	22m 45s	$260K	$841K	50x
Short	KuCoin ASTERUSDTM	0.7415	0.0100	get 0.0050% / 4h	1h 22m	$11.0M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.288%Rate

Funding earned: $49.56
Price spread: +0.288% → +0.054%: $23.44
Slippage, 4 orders: −$49.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.37
Costs to cover: 0.716%
Break-even: 6.8 days

Slippage from Coinbase International: live order book, 61 min ago; KuCoin: live order book, 6 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, 61 min ago	4.44 bp	13.5 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.40 bp	22.4 bp −$22	52.0 bp −$520	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	−0.0136%	1h	0.7393	long leg	$260K	$841K	50x
Aster ASTERUSDT	0.0000%	4h	0.7414	+0.276%	$56.7M	$100.0M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7413	+0.268%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7411	+0.236%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.043%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0076%	1h	0.7414	+0.282%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7418	+0.335%	$916K	$872K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7412	+0.254%	$371K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7407	+0.190%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7414	+0.276%	$90.7M	$107.0M	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	0.7413	+0.268%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7415	+0.295%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7415	+0.295%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7413	+0.268%	$34.6M	$16.4M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7415	+0.288%	$11.0M	$3.1M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7415	+0.295%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7414	+0.281%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7414	+0.276%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7391	−0.035%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7400	+0.086%	$464K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	+0.106%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7417	+0.322%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7417	+0.322%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7413	+0.268%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7408	+0.200%	$242K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7413	+0.268%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7395	+0.029%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7413	+0.268%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7416	+0.308%	$281K	$428K	20x	as long as short
Hyperliquid ASTER	+0.0158%	1h	0.7422	+0.387%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7411	+0.241%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7408	+0.200%	$3.5M	$1.9M	75x	as long as short