Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Nado−0.086%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now −0.086%, 7d avg −0.052%

Together, before fees−0.184%+ Points / potential airdropNado: Active · farm board−$18 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: Bybit is 0.034% cheaper against Nado than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ASTER-PERP	0.7229	0.0100	pay 0.0012% / 1h	4m 59s	$352K	$272K	5x
Short	Bybit ASTERUSDT	0.7223	0.0100	get 0.0050% / 4h	4m 59s	$48.5M	$25.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.052%: −$3.42
Slippage, 4 orders: −$22.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.19
Costs to cover: 0.408%
Break-even: 2270178956510448.5 days

Slippage from Nado: live order book, 53 min ago; Bybit: live order book, 4 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 Nado live order book, 53 min ago	0.75 bp	8.7 bp −$9	22.0 bp −$220	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.69 bp	13.1 bp −$13	43.7 bp −$437	234.7 bp −$23.5K	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	−0.0072%	1h	0.7232	+0.033%	$256K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7225	−0.058%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7223	−0.093%	$52.4M	$110.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7226	−0.049%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7222	−0.100%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7224	−0.072%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.224%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7220	−0.127%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7226	−0.050%	$874K	$922K	5x	as long as short
Nado ASTER-PERPlong	+0.0100%	1h	0.7229	long leg	$352K	$272K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7229	−0.009%	$24.5M	$7.7M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7227	−0.027%	$252K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7223	−0.086%	$88.7M	$120.6M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7223	−0.086%	$48.5M	$25.1M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7225	−0.058%	$12.2M	$19.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7222	−0.100%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7228	−0.017%	$33.1M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7223	−0.083%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7224	−0.072%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7223	−0.086%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7226	−0.046%	$209K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	+0.111%	$2.0M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7248	+0.260%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7251	+0.301%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7229	−0.003%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7223	−0.086%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7229	−0.003%	$240K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7223	−0.087%	$361K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7249	+0.274%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7228	−0.013%	$342K	$591K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.087%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7228	−0.017%	$3.4M	$2.1M	75x	as long as short