Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0115%/8h= +12.5% APRpaid last 24h +0.034%

Price spread now: GMX against KuCoin+0.215%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on GMX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.215% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7228	0.0100	pay 0.0050% / 4h	47m 26s	$10.6M	$3.2M	75x
Short	GMX ASTER/USD [WBTC.b-USDC]	0.7244	L +0.0303% / S −0.0215%	get 0.0027% / 1h	47m 26s	$27K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.215%Rate

Funding earned: $24.06
Price spread: +0.215% → 0.000%: $21.54
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.6
Costs to cover: 0.240%
Break-even: 0.7 days

Slippage unknown: KuCoin: live order book, 6 min ago; GMX: 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 KuCoin live order book, 6 min ago	4.77 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0072%	1h	0.7235	+0.093%	$283K	$924K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0054%	1h	0.7241	+0.180%	$11K	$71K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7233	+0.061%	$53.7M	$106.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7228	−0.008%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7244	+0.216%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.237%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7223	−0.073%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0074%	4h	0.7239	+0.148%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7232	+0.048%	$874K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7226	−0.032%	$356K	$265K	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	0.7230	+0.029%	$251K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7237	+0.125%	$89.2M	$114.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7238	+0.134%	$48.3M	$24.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7243	+0.203%	$12.1M	$19.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7242	+0.190%	$6.3M	$5.5M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7234	+0.079%	$32.8M	$18.4M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7228	long leg	$10.6M	$3.2M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7234	+0.079%	$17.7M	$7.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7239	+0.148%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7229	+0.015%	$211K	$490K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7305	+1.057%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7302	+1.017%	$447K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7285	+0.784%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7247	+0.259%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7239	+0.148%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7233	+0.065%	$240K	$126K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7298	+0.958%	$212K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7232	+0.052%	$361K	$638K	25x	as long as short
Hyperliquid ASTER	+0.0128%	1h	0.7232	+0.053%	$25.0M	$6.7M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7245	+0.225%	$351K	$534K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]short	L +0.0303% / S −0.0215%	1h	0.7244	+0.215%	$27K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7286	+0.798%	$3.5M	$1.8M	75x	as long as short