Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.009%

Price spread now: Extended against Orderly+0.055%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Extended

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.055% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread 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	Orderly PERP_ASTER_USDC	0.7322	0.0076	pay 0.0038% / 4h	1h 04m	$13K	$1K	10x
Short	Extended ASTER-USD	0.7326	0.0104	get 0.0013% / 1h	4m 07s	$367K	$651K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.055%Rate

Funding earned: $5.97
Price spread: +0.055% → 0.000%: $5.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.49
Costs to cover: 0.110%
Break-even: 6.4 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 39 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 Extended live order book, 39 min ago	3.19 bp	5.7 bp −$6	8.2 bp −$82	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	−0.0024%	1h	0.7333	+0.154%	$253K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7327	+0.067%	$52.0M	$116.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7334	+0.160%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7325	+0.037%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7326	+0.058%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.929%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0042%	1h	0.7331	+0.129%	$340K	$671K	20x	as long as short
Orderly PERP_ASTER_USDClong	+0.0076%	4h	0.7322	long leg	$13K	$1K	10x
Lighter ASTER	+0.0096%	1h	0.7331	+0.123%	$888K	$956K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7329	+0.089%	$346K	$297K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7335	+0.176%	$258K	$114K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7327	+0.068%	$92.7M	$132.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7324	+0.027%	$49.5M	$26.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7330	+0.109%	$12.5M	$22.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7330	+0.109%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7322	0.000%	$35.0M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7329	+0.100%	$11.0M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7325	+0.041%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7328	+0.082%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7341	+0.262%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7341	+0.263%	$451K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7341	+0.259%	$100K	$739K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7337	+0.205%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7327	+0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7334	+0.164%	$245K	$202K	20x	as long as short
Extended ASTER-USDshort	+0.0104%	1h	0.7326	+0.055%	$367K	$651K	25x
edgeX ASTERUSDC	+0.0119%	4h	0.7338	+0.222%	$214K	$2.2M	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0163%	1h	0.7331	+0.120%	$210K	$494K	10x	as long as short
01 Exchange ASTERUSD	+0.0168%	1h	0.7332	+0.137%	$6K	$7K	10x	as long as short
Hyperliquid ASTER	+0.0252%	1h	0.7335	+0.173%	$25.0M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7324	+0.028%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7340	+0.246%	$3.6M	$2.1M	75x	as long as short