Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.009%

Price spread now: Backpack against edgeX−0.026%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.208%−$21 · spread now −0.026%, 7d avg +0.074%

Together, before fees−0.189%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.101% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ASTERUSDC	0.7439	0.0105	pay 0.0052% / 4h	2h 18m	$214K	$1.9M	10x
Short	Backpack ASTER_USDC_PERP	0.7437	0.0100	get 0.0013% / 1h	18m 30s	$266K	$324K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against edgeX. 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 edgeXbpFee BackpackbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$1.01
Price spread: −0.026% → +0.074%: −$10.05
Slippage, 4 orders: −$10.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$40.11
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from edgeX: live order book, just now; Backpack: live order book, 5 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 edgeX live order book, just now	2.02 bp	6.5 bp −$7	12.2 bp −$122	doesn't fit	doesn't fit
Sell Backpack live order book, 5 min ago	0.07 bp	10.6 bp −$11	doesn't fit	doesn't fit	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
Deribit ASTER_USDC-PERPETUAL	−0.0220%	1h	0.7439	−0.001%	$11K	$87K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7442	+0.038%	$252K	$832K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	−0.389%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7435	−0.053%	$57.0M	$99.9M	200x	as long as short
dYdX ASTER-USD	+0.0003%	1h	0.7441	+0.024%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7441	+0.023%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7443	+0.052%	$917K	$847K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7436	−0.038%	$370K	$278K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7440	+0.013%	$255K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7436	−0.037%	$91.2M	$106.3M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7435	−0.053%	$49.7M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7436	−0.040%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7438	−0.013%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7432	−0.093%	$34.2M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7435	−0.053%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7436	−0.040%	$18.2M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7436	−0.040%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7437	−0.026%	$266K	$324K	10x
Variational Omni ASTER	+0.0100%	4h	0.7437	−0.025%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7440	+0.014%	$465K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7440	+0.014%	$66K	$715K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	+0.108%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7450	+0.149%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7436	−0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7436	−0.040%	$243K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7435	−0.053%	$378K	$635K	25x	as long as short
edgeX ASTERUSDClong	+0.0105%	4h	0.7439	long leg	$214K	$1.9M	10x
01 Exchange ASTERUSD	+0.0160%	1h	0.7440	+0.014%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0261%	1h	0.7440	+0.010%	$286K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7441	+0.026%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7439	+0.001%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0485%	1h	0.7446	+0.090%	$26.1M	$6.7M	5x	as long as short