Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.058%

Price spread now: Coinbase International against Gate−0.020%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$24 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now −0.020%, 7d avg −0.054%

Together, before fees−0.327%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.034% dearer against Gate than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.054%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.235% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ASTER_USDT	0.7472	0.0100	pay 0.0050% / 4h	37m 24s	$6.4M	$5.1M	75x
Short	Coinbase International ASTER-PERP-INTX	0.7470	−0.0136	pay 0.0017% / 1h	37m 24s	$261K	$857K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$49.56
Price spread: −0.020% → −0.054%: $3.41
Slippage, 4 orders: −$38.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$109.34
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Coinbase International: live order book, 41 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 Gate live order book, 1 min ago	0.67 bp	18.5 bp −$19	46.1 bp −$461	doesn't fit	doesn't fit
Sell Coinbase International live order book, 41 min ago	4.25 bp	12.9 bp −$13	17.4 bp −$174	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
Coinbase International ASTER-PERP-INTXshort	−0.0136%	1h	0.7470	−0.020%	$261K	$857K	50x
Aster ASTERUSDT	0.0000%	4h	0.7470	−0.021%	$57.0M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7474	+0.028%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7470	−0.021%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7469	−0.044%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7473	+0.015%	$338K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.097%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7473	+0.012%	$925K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7474	+0.033%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7470	−0.025%	$256K	$104K	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	0.7468	−0.054%	$91.5M	$107.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7468	−0.054%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7468	−0.054%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDTlong	+0.0100%	4h	0.7472	long leg	$6.4M	$5.1M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7473	+0.013%	$35.3M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7472	−0.001%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7470	−0.027%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7467	−0.067%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7473	+0.020%	$268K	$329K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7485	+0.168%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7485	+0.175%	$464K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7473	+0.013%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7470	−0.027%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7480	+0.107%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7470	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7473	+0.013%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7473	+0.010%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7470	−0.030%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7472	0.000%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7470	−0.021%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0338%	1h	0.7479	+0.087%	$26.0M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7470	−0.027%	$3.5M	$1.9M	75x	as long as short