Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.079%

Price spread now: OKX against Coinbase International+0.165%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.165%, 7d avg +0.053%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.112% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7338	−0.0088	get 0.0011% / 1h	16m 50s	$270K	$878K	50x
Short	OKX ASTER-USDT-SWAP	0.7350	0.0100	get 0.0050% / 4h	1h 16m	$12.1M	$18.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.165%Rate

Funding earned: $39.48
Price spread: +0.165% → +0.053%: $11.23
Slippage, 4 orders: −$27.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $2.77
Costs to cover: 0.479%
Break-even: 6.5 days

Slippage from Coinbase International: live order book, 46 min ago; OKX: 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, 46 min ago	4.41 bp	13.1 bp −$13	17.4 bp −$174	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.68 bp	10.7 bp −$11	25.4 bp −$254	131.3 bp −$13.1K	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	−0.0088%	1h	0.7338	long leg	$270K	$878K	50x
Aster ASTERUSDT	0.0000%	4h	0.7344	+0.083%	$54.6M	$101.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7345	+0.090%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7346	+0.110%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7347	+0.126%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7346	+0.110%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.710%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0083%	4h	0.7347	+0.124%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7349	+0.151%	$895K	$907K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7344	+0.083%	$368K	$250K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7353	+0.203%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7349	+0.149%	$256K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7346	+0.110%	$90.3M	$110.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7345	+0.097%	$49.0M	$22.8M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7350	+0.165%	$12.1M	$18.5M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7346	+0.110%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7342	+0.056%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7345	+0.098%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7345	+0.097%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7344	+0.083%	—	$9.5M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7351	+0.173%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7357	+0.262%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7347	+0.129%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7357	+0.260%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7357	+0.260%	$2K	$1.6M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7347	+0.124%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7339	+0.015%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7343	+0.071%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7348	+0.141%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7350	+0.162%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7346	+0.107%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7347	+0.124%	$3.5M	$1.9M	75x	as long as short