Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.054%

Price spread now: BingX against GMX+0.024%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 BingX

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—needs both histories

The price spread pays, funding is against you. BingX is 0.024% dearer against GMX than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7303	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	32m 53s	$28K	—	100x
Short	BingX ASTER-USDT	0.7305	0.0100	get 0.0050% / 4h	3h 32m	—	$9.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$42.82
Price spread: +0.024% → 0.000%: $2.44
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.39
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: 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 BingX live order book, 5 min ago	2.06 bp	8.3 bp −$8	13.6 bp −$136	40.5 bp −$4,051	149.4 bp −$74.7K

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
Coinbase International ASTER-PERP-INTX	−0.0064%	1h	0.7303	−0.008%	$253K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7304	+0.013%	$52.8M	$111.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7303	−0.007%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7306	+0.042%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7304	+0.012%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.188%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7307	+0.052%	$13K	$1K	10x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7306	+0.038%	$8K	$4K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7309	+0.079%	$884K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7302	−0.015%	$362K	$272K	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	0.7303	−0.002%	$254K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7306	+0.032%	$90.3M	$121.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7304	+0.011%	$49.1M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7307	+0.052%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7304	+0.011%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7305	+0.024%	$34.0M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7305	+0.028%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7302	−0.017%	$17.8M	$7.8M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7305	+0.024%	—	$9.9M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7309	+0.074%	$208K	$498K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7293	−0.137%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7306	+0.040%	$457K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7300	−0.044%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7310	+0.093%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7305	+0.024%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7300	−0.044%	$243K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7304	+0.017%	$365K	$635K	25x	as long as short
Hyperliquid ASTER	+0.0104%	1h	0.7311	+0.102%	$24.9M	$8.0M	5x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7302	−0.018%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0205%	1h	0.7309	+0.076%	$339K	$610K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7303	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7307	+0.052%	$3.5M	$2.1M	75x	as long as short