Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: Backpack against KuCoin−0.015%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.015%, 7d avg +0.030%

Together, before fees+0.092%+$9 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 0.045% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7432	0.0100	pay 0.0050% / 4h	2h 16m	$11.0M	$3.1M	75x
Short	Backpack ASTER_USDC_PERP	0.7431	0.0100	get 0.0013% / 1h	16m 09s	$266K	$324K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.030%: −$4.49
Slippage, 4 orders: −$32.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$59.3
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Backpack: live order book, 7 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 KuCoin live order book, 2 min ago	0.87 bp	20.1 bp −$20	81.8 bp −$818	doesn't fit	doesn't fit
Sell Backpack live order book, 7 min ago	0.07 bp	10.6 bp −$11	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
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7442	+0.132%	$252K	$832K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0073%	1h	0.7431	−0.009%	$11K	$87K	25x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	−0.296%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7429	−0.040%	$56.9M	$99.8M	200x	as long as short
dYdX ASTER-USD	+0.0002%	1h	0.7434	+0.034%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7430	−0.026%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7435	+0.035%	$915K	$852K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7435	+0.040%	$370K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7434	+0.030%	$255K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7430	−0.031%	$91.1M	$106.3M	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	0.7430	−0.027%	$49.7M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7431	−0.013%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7432	0.000%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7430	−0.027%	$34.1M	$16.3M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7432	long leg	$11.0M	$3.1M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7431	−0.013%	$18.2M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7430	−0.027%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7431	−0.015%	$266K	$324K	10x
Variational Omni ASTER	+0.0100%	4h	0.7437	+0.069%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7442	+0.136%	$465K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7440	+0.108%	$66K	$715K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7431	−0.013%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7440	+0.108%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7430	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7431	−0.013%	$243K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7434	+0.021%	$378K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7439	+0.100%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0160%	1h	0.7435	+0.040%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0261%	1h	0.7435	+0.041%	$286K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7432	−0.001%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7440	+0.108%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0489%	1h	0.7441	+0.120%	$26.1M	$6.7M	5x	as long as short