Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.069%

Price spread now: Orderly against GMX+0.074%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 Orderly

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. Orderly is 0.074% dearer against GMX than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7472	L +0.0305% / S −0.0215%	pay 0.0038% / 1h	32m 24s	$28K	—	100x
Short	Orderly PERP_ASTER_USDC	0.7478	0.0100	get 0.0050% / 4h	32m 24s	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.074%Rate

Funding earned: −$43.1
Price spread: +0.074% → 0.000%: $7.4
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$53.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	0.7458	−0.190%	$261K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7472	−0.013%	$56.9M	$100.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7471	−0.018%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7473	+0.002%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7473	+0.006%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7472	−0.001%	$338K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.104%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7476	+0.050%	$926K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7473	+0.007%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7473	+0.013%	$256K	$104K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7473	+0.009%	$91.5M	$107.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7472	−0.006%	$50.0M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7472	−0.006%	$12.1M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7471	−0.020%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7472	−0.006%	$35.3M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7473	+0.004%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7475	+0.034%	$18.4M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7472	−0.006%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7464	−0.119%	$231K	$388K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7468	−0.058%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7470	−0.033%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7462	−0.140%	$67K	$712K	50x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0100%	4h	0.7478	+0.074%	$14K	$845	10x
SunX ASTER-USDT	+0.0100%	4h	0.7478	+0.074%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7469	−0.046%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7467	−0.073%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7472	−0.005%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7467	−0.072%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7475	+0.034%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0305% / S −0.0215%	1h	0.7472	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7467	−0.073%	$3.5M	$1.9M	75x	as long as short
Hyperliquid ASTER	+0.0344%	1h	0.7482	+0.122%	$26.0M	$6.9M	5x	as long as short