Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.091%

Price spread now: SunX against Coinbase International−0.028%7-day average +0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2552.548% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.318%+$32 on $10k

Price spread, last 3 days (all we have)+0.257%+$26 · spread now −0.028%, 7d avg +0.168%

Together, before fees+0.575%+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.197% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.168%). If the spread goes back, that is −$20 on $10k: about 2.5 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7417	−0.0160	get 0.0020% / 1h	58m 18s	$254K	$840K	50x
Short	SunX ASTER-USDT	0.7415	0.0100	get 0.0050% / 4h	2h 58m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $54.6
Price spread: −0.028% → +0.168%: −$19.67
Slippage, 4 orders: −$236.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$219.89
Costs to cover: 2.548%
Break-even: 35.2 days

Slippage from Coinbase International: live order book, 30 min ago; SunX: live order book, 7 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, 30 min ago	2.43 bp	10.9 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	30.32 bp	124.3 bp −$124	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	−0.0160%	1h	0.7417	long leg	$254K	$840K	50x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.541%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7414	−0.041%	$57.1M	$100.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7421	+0.053%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7413	−0.055%	$11K	$118K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7413	−0.050%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7415	−0.026%	$896K	$810K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7419	+0.026%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7417	−0.004%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7417	−0.002%	$254K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7409	−0.109%	$91.0M	$106.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7413	−0.055%	$49.2M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7411	−0.082%	$11.9M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7416	−0.015%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7414	−0.042%	$33.9M	$16.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7418	+0.016%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7412	−0.069%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7411	−0.082%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7418	+0.013%	$281K	$297K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7430	+0.169%	$2.0M	$339K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7421	+0.058%	$465K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7421	+0.053%	$66K	$715K	50x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7415	−0.028%	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7411	−0.082%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7416	−0.015%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7414	−0.047%	$379K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7421	+0.047%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0120%	1h	0.7414	−0.042%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7416	−0.013%	$288K	$418K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7411	−0.080%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7412	−0.069%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0376%	1h	0.7421	+0.051%	$26.0M	$6.9M	5x	as long as short