Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.003%

Price spread now: edgeX against Nado−0.201%7-day average −0.075% · 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−$43as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.201%, 7d avg −0.075%

Together, before fees+0.083%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.126% cheaper against Nado than usual: you would sell low and buy high (spread −0.201% now, against its 7-day average of −0.075%). If the spread goes back, that is −$13 on $10k: about 41 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.005% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ASTER-PERP	0.7303	0.0100	pay 0.0012% / 1h	28m 39s	$360K	$265K	5x
Short	edgeX ASTERUSDC	0.7288	0.0110	get 0.0055% / 4h	28m 39s	$211K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.201%Rate

Funding earned: $2.14
Price spread: −0.201% → −0.075%: −$12.63
Slippage, 4 orders: −$14.75
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$41.24
Costs to cover: 0.308%
Break-even: 141.8 days

Slippage from Nado: live order book, 29 min ago; edgeX: live order book, just now.

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, 29 min ago	0.75 bp	8.7 bp −$9	22.0 bp −$220	doesn't fit	doesn't fit
Sell edgeX live order book, just now	2.06 bp	6.6 bp −$7	12.7 bp −$127	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
Deribit ASTER_USDC-PERPETUAL	−0.0133%	1h	0.7301	−0.032%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7302	−0.016%	$255K	$988K	50x	as long as short
01 Exchange ASTERUSD	−0.0048%	1h	0.7303	−0.002%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	−0.0005%	4h	0.7287	−0.214%	$53.2M	$109.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7289	−0.200%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7303	0.000%	$31K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.189%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0069%	4h	0.7307	+0.053%	$14K	$845	10x	as long as short
SoDEX ASTER-USD	+0.0072%	1h	0.7299	−0.057%	$13K	$8K	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7287	−0.228%	$881K	$921K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERPlong	+0.0100%	1h	0.7303	long leg	$360K	$265K	5x
Hyperliquid ASTER	+0.0100%	1h	0.7294	−0.123%	$25.3M	$6.9M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7290	−0.186%	$254K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7287	−0.226%	$89.2M	$118.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7289	−0.194%	$48.9M	$24.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7292	−0.153%	$12.2M	$19.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7287	−0.221%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7290	−0.180%	$33.4M	$18.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7287	−0.218%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7284	−0.262%	$17.8M	$7.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7286	−0.235%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7295	−0.106%	$218K	$494K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7288	−0.204%	$2.1M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7291	−0.172%	$456K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7279	−0.331%	$88K	$726K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7307	+0.053%	$2K	$1.7M	20x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7303	−0.002%	$243K	$141K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7287	−0.222%	$365K	$638K	25x	as long as short
edgeX ASTERUSDCshort	+0.0110%	4h	0.7288	−0.201%	$211K	$2.1M	10x
Kraken Futures PF_ASTERUSD	+0.0282%	1h	0.7305	+0.031%	$341K	$578K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7304	+0.006%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7293	−0.139%	$3.4M	$2.1M	75x	as long as short