Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Nado against GRVT+0.307%59s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$390.392% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.307%, 7d avg +0.058%

Together, before fees−0.185%+ Points / potential airdropGRVT: Active · Nado: Active · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.249% dearer against GRVT than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.058%. The two prices were read 59 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	0.7349	0.0100	pay 0.0050% / 4h	2h 31m	$454K	$3.9M	10x
Short	Nado ASTER-PERP	0.7371	0.0100	get 0.0012% / 1h	31m 34s	$367K	$255K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.307%Rate

Funding earned: $0
Price spread: +0.307% → +0.058%: $24.87
Slippage, 4 orders: −$23.23
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.36
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Nado: live order book, 36 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, 2 min ago	1.36 bp	10.9 bp −$11	23.0 bp −$230	9434.5 bp −$943.5K	87130.9 bp −$43.57M
Sell Nado live order book, 36 min ago	0.87 bp	7.9 bp −$8	22.6 bp −$226	doesn't fit	doesn't fit

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	0.7330	−0.250%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7363	+0.186%	$55.2M	$101.4M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7368	+0.258%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7368	+0.262%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.560%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0056%	1h	0.7356	+0.097%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7368	+0.260%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7363	+0.195%	$894K	$898K	5x	as long as short
Nado ASTER-PERPshort	+0.0100%	1h	0.7371	+0.307%	$367K	$255K	5x
Pacifica ASTER	+0.0100%	1h	0.7363	+0.187%	$252K	$71K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7358	+0.124%	$90.1M	$110.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7355	+0.083%	$49.2M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7360	+0.151%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7360	+0.151%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7353	+0.056%	$34.6M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7358	+0.128%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7355	+0.083%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7357	+0.111%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7366	+0.236%	$221K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7345	−0.048%	$2.1M	$378K	—	as long as short
GRVT ASTER_USDT_Perplong	+0.0100%	4h	0.7349	long leg	$454K	$3.9M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7342	−0.094%	$65K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7366	+0.233%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7365	+0.219%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7367	+0.247%	$244K	$116K	20x	as long as short
Hyperliquid ASTER	+0.0103%	1h	0.7369	+0.277%	$25.5M	$6.6M	5x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7355	+0.078%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0120%	4h	0.7340	−0.126%	$212K	$2.0M	10x	as long as short
dYdX ASTER-USD	+0.0166%	1h	0.7362	+0.172%	$15K	$1K	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7369	+0.271%	$339K	$488K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7364	+0.211%	$28K	—	100x	as long as short