Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.010%

Price spread now: Binance against dYdX−0.284%49s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Binance is 0.284% cheaper against dYdX than usual: you would sell low and buy high (spread −0.284% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 9.5 days of funding at the current rate (+$3 a day). The two prices were read 49 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	dYdX ASTER-USD	0.7236	0	get 0.0000% / 1h	40m 53s	$14K	$1K	5x
Short	Binance ASTERUSDT	0.7215	0.0100	get 0.0050% / 4h	2h 40m	$89.1M	$122.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.284%Rate

Funding earned: $21
Price spread: −0.284% → 0.000%: −$28.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.36
Costs to cover: 0.200%
Break-even: 16.1 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.69 bp	8.3 bp −$8	14.4 bp −$144	50.3 bp −$5,034	227.9 bp −$113.9K

dYdX: 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
Deribit ASTER_USDC-PERPETUAL	−0.0248%	1h	0.7223	−0.185%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7236	+0.003%	$268K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7218	−0.245%	$51.9M	$112.4M	200x	as long as short
dYdX ASTER-USDlong	0.0000%	1h	0.7236	long leg	$14K	$1K	5x
01 Exchange ASTERUSD	0.0000%	1h	0.7225	−0.152%	$8K	$4K	10x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7225	−0.151%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.128%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7227	−0.124%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0088%	1h	0.7220	−0.227%	$362K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7224	−0.166%	$874K	$922K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7231	−0.068%	$340K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7226	−0.145%	$24.7M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7232	−0.053%	$252K	$83K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7215	−0.284%	$89.1M	$122.5M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7216	−0.276%	$48.6M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7220	−0.221%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7218	−0.249%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7221	−0.207%	$33.7M	$20.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7219	−0.231%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7216	−0.276%	$17.6M	$8.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7216	−0.276%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7219	−0.228%	$209K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7220	−0.223%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7245	+0.120%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7244	+0.111%	$98K	$733K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7234	−0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7219	−0.235%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7218	−0.249%	$240K	$144K	20x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7241	+0.074%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0299%	1h	0.7225	−0.157%	$335K	$626K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.186%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7217	−0.262%	$3.5M	$2.1M	75x	as long as short