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 MEXC+0.083%57s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as 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−$160.163% of the position

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.083%, 7d avg +0.034%

Together, before fees−0.096%−$10 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 0.049% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 57 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	MEXC ASTER_USDT	0.7351	0.0100	pay 0.0050% / 4h	2h 11m	$33.8M	$17.8M	100x
Short	Backpack ASTER_USDC_PERP	0.7357	0.0100	get 0.0013% / 1h	11m 09s	$218K	$481K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.034%: $4.93
Slippage, 4 orders: −$6.27
Fee MEXC: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$11.34
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Backpack: live order book, 58 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 MEXC live order book, 3 min ago	0.68 bp	1.2 bp −$1	6.6 bp −$66	28.3 bp −$2,826	138.1 bp −$69.1K
Sell Backpack live order book, 58 min ago	0.07 bp	6.6 bp −$7	doesn't fit	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	0.7350	−0.015%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7352	+0.019%	$55.0M	$101.6M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7354	+0.041%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7353	+0.021%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.531%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7351	0.000%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7350	−0.014%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7358	+0.099%	$893K	$898K	5x	as long as short
dYdX ASTER-USD	+0.0097%	1h	0.7357	+0.076%	$15K	$1K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	+0.056%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7356	+0.071%	$25.5M	$6.6M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7355	+0.049%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7353	+0.034%	$90.1M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7352	+0.014%	$49.1M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7360	+0.122%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7351	0.000%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7351	long leg	$33.8M	$17.8M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7352	+0.011%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7349	−0.027%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7352	+0.014%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7357	+0.083%	$218K	$481K	10x
Variational Omni ASTER	+0.0100%	4h	0.7351	+0.002%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7350	−0.009%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	0.000%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7349	−0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7356	+0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7350	−0.014%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7354	+0.042%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7347	−0.053%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7362	+0.145%	$340K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7352	+0.020%	$28K	—	100x	as long as short