Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.072%

Price spread now: Coinbase International against GRVT−0.157%76s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.487% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.157%, 7d avg −0.023%

Together, before fees−0.190%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.134% cheaper against GRVT than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 76 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	GRVT ASTER_USDT_Perp	0.7256	0.0100	pay 0.0050% / 4h	2h 43m	$454K	$4.1M	10x
Short	Coinbase International ASTER-PERP-INTX	0.7245	−0.0048	pay 0.0006% / 1h	43m 53s	$269K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$31.08
Price spread: −0.157% → −0.023%: −$13.39
Slippage, 4 orders: −$29.74
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$93.2
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Coinbase International: live order book, 5 min ago.

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 GRVT live order book, 5 min ago	0.69 bp	12.8 bp −$13	23.2 bp −$232	10546.7 bp −$1.05M	92689.4 bp −$46.34M
Sell Coinbase International live order book, 5 min ago	4.20 bp	13.2 bp −$13	16.8 bp −$168	doesn't fit	doesn't fit

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
Deribit ASTER_USDC-PERPETUAL	−0.0053%	1h	0.7249	−0.098%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTXshort	−0.0048%	1h	0.7245	−0.157%	$269K	$1.1M	50x
Aster ASTERUSDT	0.0000%	4h	0.7244	−0.165%	$52.1M	$112.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7247	−0.128%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7251	−0.073%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7252	−0.055%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.847%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0055%	4h	0.7253	−0.041%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7251	−0.073%	$877K	$918K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7255	−0.014%	$341K	$287K	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	0.7255	−0.015%	$253K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7244	−0.168%	$89.6M	$122.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7242	−0.193%	$48.8M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7248	−0.110%	$12.4M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7246	−0.138%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7242	−0.193%	$33.8M	$20.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7246	−0.139%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7246	−0.138%	$17.7M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7244	−0.165%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7252	−0.052%	$210K	$486K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7244	−0.162%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perplong	+0.0100%	4h	0.7256	long leg	$454K	$4.1M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7255	−0.014%	$98K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7258	+0.028%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7246	−0.138%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7256	0.000%	$241K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7243	−0.178%	$362K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7256	−0.004%	$212K	$2.1M	10x	as long as short
Hyperliquid ASTER	+0.0114%	1h	0.7256	−0.003%	$24.8M	$8.0M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0298%	1h	0.7251	−0.063%	$336K	$626K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7252	−0.062%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7245	−0.152%	$3.5M	$2.1M	75x	as long as short