Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.045%

Price spread now: Bybit against Deribit−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.239%+$24 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ASTER_USDC-PERPETUAL	0.7357	0	get 0.0000% / 1h	45m 24s	$11K	$86K	25x
Short	Bybit ASTERUSDT	0.7354	0.0100	get 0.0050% / 4h	1h 45m	$49.1M	$22.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Deribit. 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 DeribitbpFee BybitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → 0.000%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.94
Costs to cover: 0.180%
Break-even: 7.3 days

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.68 bp	10.7 bp −$11	49.0 bp −$490	156.3 bp −$15.6K	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-INTX	−0.0088%	1h	0.7341	−0.215%	$271K	$877K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7354	−0.039%	$54.9M	$101.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7349	−0.113%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUALlong	0.0000%	1h	0.7357	long leg	$11K	$86K	25x
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7356	−0.006%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7354	−0.039%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.450%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0091%	4h	0.7351	−0.080%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7349	−0.101%	$891K	$900K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	−0.027%	$368K	$254K	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	0.7365	+0.105%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7349	−0.102%	$256K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7353	−0.050%	$90.5M	$109.8M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7354	−0.039%	$49.1M	$22.6M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7359	+0.029%	$12.1M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7353	−0.053%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7353	−0.053%	$33.8M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7353	−0.056%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7354	−0.039%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7355	−0.026%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7349	−0.105%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7348	−0.125%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7350	−0.094%	$454K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7356	−0.012%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7365	+0.110%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7356	−0.012%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7346	−0.148%	$243K	$117K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7349	−0.114%	$212K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7355	−0.031%	$367K	$639K	25x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7360	+0.036%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7354	−0.036%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7357	+0.001%	$3.5M	$1.9M	75x	as long as short