Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.021%

Price spread now: Orderly against dYdX−0.080%7-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 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

Funding pays, the price is against you. Orderly is 0.080% cheaper against dYdX than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ASTER-USD	0.7413	0	get 0.0000% / 1h	55m 58s	$13K	$61	5x
Short	Orderly PERP_ASTER_USDC	0.7407	0.0099	get 0.0050% / 4h	2h 55m	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.080%Rate

Funding earned: $20.82
Price spread: −0.080% → 0.000%: −$7.99
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.17
Costs to cover: 0.160%
Break-even: 8.1 days

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

dYdX 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	−0.0160%	1h	0.7410	−0.037%	$254K	$838K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.485%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7406	−0.093%	$56.9M	$100.2M	200x	as long as short
dYdX ASTER-USDlong	0.0000%	1h	0.7413	long leg	$13K	$61	5x
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7405	−0.111%	$11K	$118K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7406	−0.091%	$30K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0056%	1h	0.7409	−0.053%	$8K	$4K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7410	−0.039%	$895K	$810K	5x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0099%	4h	0.7407	−0.080%	$14K	$845	10x
Nado ASTER-PERP	+0.0100%	1h	0.7408	−0.073%	$368K	$280K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7412	−0.015%	$254K	$109K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7405	−0.107%	$90.9M	$106.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7404	−0.120%	$49.2M	$21.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7407	−0.080%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7407	−0.080%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7406	−0.093%	$33.8M	$16.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7409	−0.054%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7406	−0.093%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7406	−0.093%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7413	+0.001%	$281K	$295K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7430	+0.225%	$2.0M	$339K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7412	−0.012%	$464K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7416	+0.041%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7418	+0.068%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7406	−0.093%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7411	−0.026%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7406	−0.087%	$379K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7413	0.000%	$214K	$1.9M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7412	−0.008%	$288K	$417K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7404	−0.116%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7404	−0.120%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0350%	1h	0.7417	+0.058%	$26.0M	$6.9M	5x	as long as short