Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.084%

Price spread now: Aster against GMX+0.278%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.278% dearer against GMX than usual: you sell high and buy low (spread +0.278% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7292	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	8m 47s	$28K	—	100x
Short	Aster ASTERUSDT	0.7312	0	get 0.0000% / 4h	3h 08m	$52.7M	$112.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.278%Rate

Funding earned: −$63.8
Price spread: +0.278% → 0.000%: $27.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Aster: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	1.37 bp	6.4 bp −$6	10.1 bp −$101	50.3 bp −$5,029	doesn't fit

GMX: 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	−0.0079%	1h	0.7288	−0.054%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0064%	1h	0.7293	+0.020%	$255K	$1.1M	50x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7312	+0.278%	$52.7M	$112.1M	200x
dYdX ASTER-USD	0.0000%	1h	0.7316	+0.330%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7290	−0.017%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7288	−0.051%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.348%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0062%	4h	0.7291	−0.010%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7311	+0.268%	$884K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7301	+0.134%	$364K	$273K	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	0.7316	+0.331%	$255K	$82K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7314	+0.305%	$90.6M	$122.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7312	+0.278%	$49.2M	$25.5M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7312	+0.278%	$12.5M	$20.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7316	+0.333%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7314	+0.305%	$34.0M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7313	+0.296%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7312	+0.278%	$17.9M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7307	+0.209%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7308	+0.219%	$211K	$498K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7274	−0.241%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7278	−0.188%	$450K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7281	−0.147%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7300	+0.113%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7287	−0.065%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7298	+0.086%	$243K	$143K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7277	−0.201%	$211K	$2.2M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7313	+0.294%	$365K	$635K	25x	as long as short
Hyperliquid ASTER	+0.0108%	1h	0.7317	+0.352%	$25.0M	$8.0M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0206%	1h	0.7291	−0.012%	$338K	$609K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7292	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7282	−0.133%	$3.5M	$2.1M	75x	as long as short