Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.081%

Price spread now: Coinbase International against MEXC−0.133%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.267%−$27 on $10k

Price spread, last 3 days (all we have)+0.065%+$7 · spread now −0.133%, 7d avg −0.049%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.084% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ASTER_USDT	0.7352	0.0100	pay 0.0050% / 4h	2h 07m	$33.6M	$17.9M	100x
Short	Coinbase International ASTER-PERP-INTX	0.7342	−0.0080	pay 0.0010% / 1h	7m 17s	$266K	$849K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$37.8
Price spread: −0.133% → −0.049%: −$8.38
Slippage, 4 orders: −$18.98
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$75.17
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Coinbase International: live order book, 61 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, 2 min ago	1.36 bp	1.9 bp −$2	6.6 bp −$66	23.8 bp −$2,378	151.6 bp −$75.8K
Sell Coinbase International live order book, 61 min ago	4.29 bp	13.6 bp −$14	19.4 bp −$194	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-INTXshort	−0.0080%	1h	0.7342	−0.133%	$266K	$849K	50x
Aster ASTERUSDT	0.0000%	4h	0.7355	+0.038%	$55.0M	$101.4M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7354	+0.030%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7355	+0.045%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.517%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7358	+0.082%	$8K	$4K	10x	as long as short
dYdX ASTER-USD	+0.0089%	1h	0.7359	+0.092%	$15K	$1K	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7358	+0.082%	$893K	$898K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0096%	4h	0.7351	−0.014%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7354	+0.022%	$367K	$254K	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	0.7361	+0.118%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7357	+0.068%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7354	+0.027%	$90.2M	$110.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7354	+0.027%	$49.2M	$22.5M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7357	+0.068%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7354	+0.027%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7352	long leg	$33.6M	$17.9M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7355	+0.039%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7354	+0.027%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7355	+0.041%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7360	+0.109%	$220K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	−0.024%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7344	−0.103%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7342	−0.136%	$65K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7355	+0.041%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7355	+0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7355	+0.041%	$244K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7353	+0.011%	$367K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0120%	4h	0.7343	−0.124%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7359	+0.102%	$339K	$490K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7354	+0.029%	$28K	—	100x	as long as short