Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.054%

Price spread now: Bybit against GMX−0.002%7-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 Bybit

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7346	L +0.0305% / S −0.0215%	pay 0.0038% / 1h	10m 10s	$28K	—	100x
Short	Bybit ASTERUSDT	0.7346	0.0100	get 0.0050% / 4h	2h 10m	$49.1M	$22.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$42.95
Price spread: −0.002% → 0.000%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$66.19
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.68 bp	13.5 bp −$14	45.6 bp −$456	152.4 bp −$15.2K	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 31 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	−0.0080%	1h	0.7350	+0.051%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7348	+0.020%	$54.9M	$101.7M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7347	+0.007%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7348	+0.028%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.597%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7350	+0.052%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7347	+0.011%	$14K	$845	10x	as long as short
dYdX ASTER-USD	+0.0095%	1h	0.7351	+0.059%	$14K	$1K	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7350	+0.056%	$892K	$898K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	+0.120%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7353	+0.098%	$25.5M	$6.6M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7352	+0.079%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7345	−0.015%	$90.1M	$110.7M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7346	−0.002%	$49.1M	$22.6M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7348	+0.025%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7347	+0.011%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7345	−0.016%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7348	+0.018%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7346	−0.002%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7345	−0.016%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7347	+0.017%	$219K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	+0.055%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7350	+0.057%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	+0.066%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7348	+0.025%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7346	−0.002%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7347	+0.011%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7347	+0.007%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7347	+0.012%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7349	+0.043%	$339K	$490K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0305% / S −0.0215%	1h	0.7346	long leg	$28K	—	100x