Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.017%

Price spread now: BloFin against GMX−0.169%111s7-day average — · you buy dearer than you sell

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

Long on GMX Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.169% cheaper against GMX than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 16 days of funding at the current rate (+$1 a day). The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7319	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	31m 24s	$28K	—	100x
Short	BloFin ASTER-USDT	0.7307	0.0340	get 0.0170% / 4h	3h 31m	$3.5M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.169%Rate

Funding earned: $7.56
Price spread: −0.169% → 0.000%: −$16.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$33.31
Costs to cover: 0.240%
Break-even: 37.8 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	1.37 bp	12.5 bp −$13	15.1 bp −$151	40.5 bp −$4,046	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
Coinbase International ASTER-PERP-INTX	−0.0064%	1h	0.7308	−0.150%	$254K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7317	−0.032%	$52.9M	$111.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7310	−0.132%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7324	+0.061%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7318	−0.013%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.965%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7320	+0.009%	$13K	$1K	10x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7318	−0.018%	$8K	$4K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7312	−0.102%	$884K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7321	+0.022%	$363K	$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	0.7310	−0.121%	$255K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7318	−0.013%	$90.5M	$121.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7320	+0.009%	$49.2M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7325	+0.077%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7318	−0.018%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7320	+0.009%	$34.1M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7317	−0.036%	$10.9M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7323	+0.050%	$17.9M	$7.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7320	+0.009%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7307	−0.169%	$208K	$498K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7293	−0.357%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7303	−0.223%	$457K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7304	−0.210%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7327	+0.105%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7321	+0.023%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7314	−0.073%	$243K	$142K	20x	as long as short
Hyperliquid ASTER	+0.0102%	1h	0.7325	+0.073%	$25.0M	$8.0M	5x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7321	+0.018%	$365K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0118%	4h	0.7301	−0.244%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0205%	1h	0.7324	+0.058%	$340K	$610K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7319	long leg	$28K	—	100x
BloFin ASTER-USDTshort	+0.0340%	4h	0.7307	−0.169%	$3.5M	$2.1M	75x