Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h −0.010%

Price spread now: Orderly against Nado+0.205%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Orderly

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.205% dearer against Nado than usual: you sell high and buy low, +$20 on $10k if it 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	Nado ASTER-PERP	0.7326	0.0100	pay 0.0012% / 1h	53m 57s	$366K	$256K	5x
Short	Orderly PERP_ASTER_USDC	0.7341	0.0093	get 0.0047% / 4h	2h 53m	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.205%Rate

Funding earned: −$1.43
Price spread: +0.205% → 0.000%: $20.48
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.05
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Nado: live order book, 14 min ago; Orderly: 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 Nado live order book, 14 min ago	0.87 bp	8.4 bp −$8	26.6 bp −$266	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
ApeX Omni ASTERUSDT	−0.0718%	1h	0.7343	+0.232%	$65K	$715K	50x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7320	−0.083%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7339	+0.175%	$55.5M	$101.0M	200x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7319	−0.096%	$8K	$4K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7344	+0.242%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7326	+0.006%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.874%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0093%	4h	0.7341	+0.205%	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7347	+0.285%	$892K	$897K	5x	as long as short
Nado ASTER-PERPlong	+0.0100%	1h	0.7326	long leg	$366K	$256K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7356	+0.403%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7329	+0.042%	$251K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7348	+0.300%	$90.0M	$109.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7349	+0.314%	$49.0M	$22.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7354	+0.382%	$12.0M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7344	+0.246%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7357	+0.423%	$35.1M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7356	+0.412%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7356	+0.410%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7347	+0.287%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7347	+0.288%	$221K	$466K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7328	+0.025%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7358	+0.431%	$453K	$3.7M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7350	+0.328%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7346	+0.273%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7344	+0.246%	$240K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7353	+0.372%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	+0.378%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7352	+0.361%	$338K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7325	−0.017%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7322	−0.055%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0929%	1h	0.7326	−0.002%	$14K	$1K	5x	as long as short