Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%

Price spread now: Orderly against Deribit+0.019%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ASTER_USDC-PERPETUAL	0.7437	0	get 0.0000% / 1h	59m 14s	$11K	$87K	25x
Short	Orderly PERP_ASTER_USDC	0.7438	0.0100	get 0.0050% / 4h	59m 14s	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.019%Rate

Funding earned: $21
Price spread: +0.019% → 0.000%: $1.88
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $9.88
Costs to cover: 0.130%
Break-even: 3.7 days

Slippage unknown: Deribit: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Deribit and Orderly: 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	−0.0136%	1h	0.7433	−0.048%	$260K	$844K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7436	−0.009%	$56.8M	$100.0M	200x	as long as short
Deribit ASTER_USDC-PERPETUALlong	0.0000%	1h	0.7437	long leg	$11K	$87K	25x
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7436	−0.005%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7439	+0.037%	$336K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.627%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0047%	1h	0.7437	+0.005%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7441	+0.061%	$922K	$882K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7434	−0.028%	$372K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7438	+0.025%	$255K	$107K	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	0.7436	−0.008%	$91.1M	$106.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7437	+0.005%	$49.8M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7437	+0.005%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7435	−0.022%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7438	+0.019%	$34.6M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7438	+0.016%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7436	−0.008%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7436	−0.008%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7437	+0.008%	$265K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7427	−0.122%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7429	−0.102%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7422	−0.196%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0100%	4h	0.7438	+0.019%	$14K	$845	10x
SunX ASTER-USDT	+0.0100%	4h	0.7442	+0.073%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7436	−0.008%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7434	−0.035%	$243K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7424	−0.173%	$214K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7434	−0.042%	$378K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7438	+0.019%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0261%	1h	0.7443	+0.091%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7435	−0.019%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7435	−0.022%	$3.5M	$1.9M	75x	as long as short