Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.071%

Price spread now: MEXC against Coinbase International−0.169%51s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.275%+$27 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.169%, 7d avg +0.054%

Together, before fees+0.552%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.223% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of +0.054%). If the spread goes back, that is −$22 on $10k: about 5.0 days of funding at the current rate (+$4 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7236	−0.0048	get 0.0006% / 1h	41m 30s	$268K	$1.1M	50x
Short	MEXC ASTER_USDT	0.7224	0.0100	get 0.0050% / 4h	2h 41m	$33.9M	$20.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.169%Rate

Funding earned: $31.08
Price spread: −0.169% → +0.054%: −$22.28
Slippage, 4 orders: −$19.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.25
Costs to cover: 0.290%
Break-even: 11.6 days

Slippage from Coinbase International: live order book, 2 min ago; MEXC: 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, 2 min ago	3.38 bp	12.6 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.69 bp	1.1 bp −$1	4.2 bp −$42	20.7 bp −$2,073	108.0 bp −$54.0K

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
Deribit ASTER_USDC-PERPETUAL	−0.0137%	1h	0.7231	−0.066%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTXlong	−0.0048%	1h	0.7236	long leg	$268K	$1.1M	50x
Aster ASTERUSDT	0.0000%	4h	0.7225	−0.150%	$51.9M	$112.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7236	−0.003%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7225	−0.155%	$8K	$4K	10x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7225	−0.154%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.125%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7230	−0.086%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7235	−0.011%	$876K	$922K	5x	as long as short
Extended ASTER-USD	+0.0096%	1h	0.7228	−0.111%	$364K	$637K	25x	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	0.7231	−0.071%	$340K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7232	−0.058%	$24.7M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7232	−0.056%	$252K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7223	−0.182%	$89.4M	$122.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7224	−0.169%	$48.7M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7228	−0.113%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7231	−0.072%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7224	−0.169%	$33.9M	$20.4M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7224	−0.167%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7224	−0.169%	$17.6M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7225	−0.155%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7237	+0.012%	$209K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7244	+0.111%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7245	+0.117%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7244	+0.108%	$98K	$733K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7251	+0.205%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7235	−0.017%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7234	−0.030%	$240K	$143K	20x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7241	+0.071%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0299%	1h	0.7238	+0.019%	$335K	$626K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.189%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7245	+0.122%	$3.5M	$2.1M	75x	as long as short