Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.089%

Price spread now: Coinbase International against OKX+0.096%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.096%, 7d avg −0.046%

Together, before fees−0.501%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.142% dearer against OKX than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.046%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ASTER-USDT-SWAP	0.7393	0.0100	pay 0.0050% / 4h	2h 39m	$11.9M	$18.4M	50x
Short	Coinbase International ASTER-PERP-INTX	0.7400	−0.0160	pay 0.0020% / 1h	39m 30s	$252K	$831K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$54.6
Price spread: +0.096% → −0.046%: $14.24
Slippage, 4 orders: −$27.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$88.22
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 48 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 OKX live order book, 4 min ago	0.68 bp	13.8 bp −$14	21.5 bp −$215	doesn't fit	doesn't fit
Sell Coinbase International live order book, 48 min ago	2.43 bp	11.6 bp −$12	16.8 bp −$168	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
Coinbase International ASTER-PERP-INTXshort	−0.0160%	1h	0.7400	+0.096%	$252K	$831K	50x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.216%	$9	$54K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0047%	1h	0.7405	+0.160%	$11K	$102K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7405	+0.158%	$56.8M	$99.7M	200x	as long as short
dYdX ASTER-USD	+0.0005%	1h	0.7401	+0.112%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7392	−0.010%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7405	+0.162%	$910K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0098%	4h	0.7407	+0.189%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7396	+0.046%	$367K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7404	+0.145%	$254K	$108K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7394	+0.017%	$90.6M	$105.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7394	+0.014%	$49.4M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7393	long leg	$11.9M	$18.4M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7399	+0.081%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7397	+0.054%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7397	+0.054%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7395	+0.027%	$18.0M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7393	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7411	+0.243%	$265K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7400	+0.088%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7401	+0.108%	$460K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	+0.108%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7409	+0.216%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7405	+0.162%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7406	+0.176%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7395	+0.027%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7400	+0.096%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7396	+0.041%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7409	+0.218%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7403	+0.133%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7401	+0.108%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0501%	1h	0.7401	+0.104%	$25.9M	$6.8M	5x	as long as short