Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0161%/8h= +17.7% APRpaid last 24h +0.045%

Price spread now: OKX against Deribit+0.095%46s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$610.613% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.095%, 7d avg +0.015%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.080% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 46 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	Deribit ASTER_USDC-PERPETUAL	0.7383	−0.0061	get 0.0008% / 1h	50m 30s	$11K	$117K	25x
Short	OKX ASTER-USDT-SWAP	0.7390	0.0100	get 0.0050% / 4h	2h 50m	$11.9M	$18.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $33.9
Price spread: +0.095% → +0.015%: $7.95
Slippage, 4 orders: −$44.3
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.45
Costs to cover: 0.613%
Break-even: 11.0 days

Slippage from Deribit: live order book, 37 min ago; OKX: live order book, 3 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 Deribit live order book, 37 min ago	9.57 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.68 bp	11.6 bp −$12	24.7 bp −$247	174.8 bp −$17.5K	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-INTX	−0.0160%	1h	0.7389	+0.087%	$252K	$836K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.081%	$9	$54K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUALlong	−0.0061%	1h	0.7383	long leg	$11K	$117K	25x
Aster ASTERUSDT	0.0000%	4h	0.7386	+0.041%	$56.7M	$100.0M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7380	−0.037%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0012%	1h	0.7386	+0.041%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7391	+0.106%	$908K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0098%	4h	0.7387	+0.054%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7386	+0.047%	$367K	$281K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7390	+0.092%	$253K	$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	0.7386	+0.038%	$90.6M	$106.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7387	+0.054%	$49.1M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7390	+0.095%	$11.9M	$18.5M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7385	+0.027%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7387	+0.054%	$33.7M	$16.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7387	+0.047%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7389	+0.081%	$18.0M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7387	+0.054%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7388	+0.068%	$268K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7379	−0.060%	$2.0M	$346K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7414	+0.426%	$457K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7393	+0.135%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7387	+0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7379	−0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7380	−0.041%	$241K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7390	+0.094%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7393	+0.132%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0200%	1h	0.7389	+0.081%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0263%	1h	0.7384	+0.019%	$284K	$421K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7382	−0.009%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7384	+0.014%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0392%	1h	0.7396	+0.175%	$25.9M	$6.8M	5x	as long as short