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 +0.009%

Price spread now: Backpack against HTX+0.149%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$970.970% of the position

Long on HTX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.149%, 7d avg +0.046%

Together, before fees−0.130%−$13 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: Backpack is 0.103% dearer against HTX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ASTER-USDT	0.7367	0.0100	pay 0.0050% / 4h	2h 52m	$241K	$109K	20x
Short	Backpack ASTER_USDC_PERP	0.7378	0.0100	get 0.0013% / 1h	52m 45s	$220K	$470K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against HTX. 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 HTXbpFee BackpackbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.046%: $10.34
Slippage, 4 orders: −$74.95
Fee HTX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$86.61
Costs to cover: 0.970%
Break-even: never at this rate

Slippage from HTX: live order book, 14 min ago; Backpack: live order book, 16 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 HTX live order book, 14 min ago	4.70 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 16 min ago	0.07 bp	6.6 bp −$7	doesn't fit	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
ApeX Omni ASTERUSDT	−0.0718%	1h	0.7343	−0.326%	$65K	$715K	50x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7359	−0.109%	$269K	$853K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7384	+0.224%	$55.7M	$101.1M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7372	+0.068%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0006%	1h	0.7370	+0.043%	$26K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7357	−0.136%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.312%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7370	+0.041%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7378	+0.151%	$896K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7362	−0.063%	$368K	$255K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7385	+0.239%	$25.6M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7380	+0.172%	$253K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7377	+0.137%	$90.4M	$109.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7378	+0.149%	$49.4M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7380	+0.176%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7384	+0.231%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7376	+0.122%	$35.1M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7380	+0.175%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7377	+0.136%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7380	+0.176%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7378	+0.149%	$220K	$470K	10x
Variational Omni ASTER	+0.0100%	4h	0.7328	−0.531%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.581%	$453K	$3.7M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7371	+0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7370	+0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDTlong	+0.0100%	4h	0.7367	long leg	$241K	$109K	20x
Extended ASTER-USD	+0.0104%	1h	0.7383	+0.219%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	−0.181%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7373	+0.081%	$339K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7369	+0.028%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7367	0.000%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0663%	1h	0.7377	+0.133%	$15K	$1K	5x	as long as short