Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Orderly−0.124%50s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.124% cheaper against Orderly than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 12 days of funding at the current rate (+$1 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7229	0.0065	pay 0.0032% / 4h	3m 39s	$13K	$845	10x
Short	ApeX Omni ASTERUSDT	0.7220	0.0100	get 0.0013% / 1h	3m 39s	$98K	$731K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.124%Rate

Funding earned: $7.4
Price spread: −0.124% → 0.000%: −$12.45
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.05
Costs to cover: 0.160%
Break-even: 26.9 days

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 55 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 55 min ago	6.81 bp	13.9 bp −$14	62.0 bp −$620	doesn't fit	doesn't fit

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
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7236	+0.091%	$255K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7246	+0.235%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7240	+0.147%	$52.6M	$110.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7240	+0.147%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7230	+0.014%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7230	+0.011%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.227%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0065%	4h	0.7229	long leg	$13K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7244	+0.212%	$876K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7251	+0.304%	$353K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7245	+0.224%	$24.6M	$7.8M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7243	+0.192%	$252K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7242	+0.183%	$88.9M	$120.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7246	+0.235%	$48.6M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7249	+0.277%	$12.2M	$19.8M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7241	+0.166%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7241	+0.166%	$33.2M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7239	+0.133%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7241	+0.166%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7245	+0.221%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7238	+0.131%	$209K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	+0.114%	$2.0M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7248	+0.263%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDTshort	+0.0100%	1h	0.7220	−0.124%	$98K	$731K	50x
SunX ASTER-USDT	+0.0100%	4h	0.7231	+0.028%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7233	+0.055%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7227	−0.028%	$240K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7243	+0.193%	$361K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7224	−0.073%	$210K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7239	+0.142%	$342K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7232	+0.035%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7228	−0.014%	$3.4M	$2.1M	75x	as long as short