Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0194%/8h= −21.3% APRpaid last 24h −0.050%

Price spread now: edgeX against GMX−0.109%50s7-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 edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.109% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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]	0.7442	L +0.0305% / S −0.0215%	pay 0.0038% / 1h	41m 37s	$28K	—	100x
Short	edgeX ASTERUSDC	0.7434	0.0111	get 0.0055% / 4h	3h 41m	$214K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$40.76
Price spread: −0.109% → 0.000%: −$10.92
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$72.69
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: 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 edgeX live order book, 2 min ago	2.02 bp	6.5 bp −$7	11.8 bp −$118	doesn't fit	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	−0.0080%	1h	0.7433	−0.129%	$264K	$864K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0067%	1h	0.7438	−0.056%	$215K	$404K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7437	−0.067%	$56.5M	$100.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7435	−0.105%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7442	−0.008%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7442	−0.011%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.705%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7445	+0.038%	$342K	$486K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7440	−0.033%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7439	−0.053%	$917K	$879K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7436	−0.080%	$372K	$261K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7439	−0.052%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7437	−0.074%	$91.2M	$108.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7436	−0.087%	$49.7M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7439	−0.047%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7439	−0.047%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7438	−0.060%	$35.3M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7439	−0.048%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7437	−0.074%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7436	−0.087%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7423	−0.257%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7439	−0.048%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7432	−0.141%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	+0.114%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7442	−0.006%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7440	−0.033%	$243K	$111K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7434	−0.115%	$372K	$641K	25x	as long as short
edgeX ASTERUSDCshort	+0.0111%	4h	0.7434	−0.109%	$214K	$1.9M	10x
01 Exchange ASTERUSD	+0.0112%	1h	0.7441	−0.020%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0242%	1h	0.7447	+0.058%	$25.9M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0305% / S −0.0215%	1h	0.7442	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7437	−0.074%	$3.5M	$1.9M	75x	as long as short