Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.057%

Price spread now: MEXC against GMX−0.004%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 MEXC

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]	0.7383	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	53m 21s	$28K	—	100x
Short	MEXC ASTER_USDT	0.7383	0.0100	get 0.0050% / 4h	1h 53m	$33.8M	$16.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$42.78
Price spread: −0.004% → 0.000%: −$0.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$55.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	0.68 bp	1.9 bp −$2	5.2 bp −$52	20.5 bp −$2,048	100.9 bp −$50.5K

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	−0.0136%	1h	0.7390	+0.085%	$251K	$827K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7382	−0.018%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7384	+0.015%	$56.5M	$99.9M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7384	+0.008%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0012%	1h	0.7385	+0.026%	$13K	$61	5x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.361%	$9	$96K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7390	+0.092%	$909K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7386	+0.043%	$369K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7389	+0.073%	$253K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7381	−0.031%	$90.4M	$107.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7383	−0.004%	$49.4M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7383	−0.004%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7387	+0.050%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7383	−0.004%	$33.8M	$16.2M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7389	+0.074%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7385	+0.023%	$18.1M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7383	−0.004%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7384	+0.015%	$264K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7395	+0.157%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7404	+0.277%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7402	+0.253%	$66K	$715K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7388	+0.064%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7394	+0.145%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7381	−0.031%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7387	+0.050%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7382	−0.013%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7398	+0.195%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7384	+0.009%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7386	+0.036%	$284K	$420K	20x	as long as short
Hyperliquid ASTER	+0.0215%	1h	0.7392	+0.121%	$25.7M	$6.7M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7383	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7383	−0.004%	$3.5M	$1.8M	75x	as long as short