Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.018%

Price spread now: dYdX against Orderly−0.261%7-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 dYdX

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.261% cheaper against Orderly than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7458	0.0095	pay 0.0047% / 4h	3h 18m	$14K	$845	10x
Short	dYdX ASTER-USD	0.7439	0	get 0.0000% / 1h	18m 32s	$13K	$61	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.261%Rate

Funding earned: −$19.93
Price spread: −0.261% → 0.000%: −$26.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$62.06
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; dYdX: 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and dYdX: 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	−0.0080%	1h	0.7451	−0.087%	$266K	$854K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7440	−0.236%	$56.3M	$99.6M	200x	as long as short
dYdX ASTER-USDshort	0.0000%	1h	0.7439	−0.261%	$13K	$61	5x
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7457	−0.019%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7458	+0.005%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.912%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7448	−0.140%	$342K	$495K	20x	as long as short
01 Exchange ASTERUSD	+0.0088%	1h	0.7440	−0.241%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDClong	+0.0095%	4h	0.7458	long leg	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7448	−0.139%	$918K	$881K	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-PERP	+0.0100%	1h	0.7435	−0.302%	$372K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7445	−0.170%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7436	−0.295%	$91.4M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7437	−0.282%	$49.7M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7441	−0.228%	$12.1M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7444	−0.188%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7446	−0.161%	$36.1M	$16.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7444	−0.184%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	−0.201%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7439	−0.255%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7446	−0.160%	$221K	$444K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.090%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	−0.107%	$468K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7454	−0.054%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7469	+0.147%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7445	−0.174%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7451	−0.094%	$244K	$110K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7451	−0.095%	$215K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7442	−0.215%	$373K	$641K	25x	as long as short
Hyperliquid ASTER	+0.0207%	1h	0.7450	−0.102%	$25.9M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7462	+0.047%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7444	−0.188%	$3.5M	$1.9M	75x	as long as short