Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.012%

Price spread now: gTrade (Gains Network) against Orderly−0.098%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 gTrade (Gains Network)

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.098% cheaper against Orderly than usual: you would sell low and buy high (−$10 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	0.7397	0.0098	pay 0.0049% / 4h	2h 47m	$14K	$845	10x
Short	gTrade (Gains Network) ASTER/USD	0.7390	L +0.0006% / S −0.0007%	get 0.0001% / 1h	47m 49s	$30K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.098%Rate

Funding earned: −$19.02
Price spread: −0.098% → 0.000%: −$9.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$44.79
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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	−0.0160%	1h	0.7389	−0.103%	$252K	$834K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.270%	$9	$54K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7392	−0.073%	$11K	$102K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7389	−0.102%	$56.8M	$100.0M	200x	as long as short
gTrade (Gains Network) ASTER/USDshort	L +0.0006% / S −0.0007%	1h	0.7390	−0.098%	$30K	—	150x
dYdX ASTER-USD	+0.0010%	1h	0.7386	−0.149%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7394	−0.042%	$908K	$836K	5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0098%	4h	0.7397	long leg	$14K	$845	10x
Nado ASTER-PERP	+0.0100%	1h	0.7391	−0.081%	$367K	$281K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7388	−0.120%	$253K	$109K	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	0.7392	−0.072%	$90.6M	$106.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7391	−0.081%	$49.1M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7393	−0.054%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7391	−0.081%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7389	−0.108%	$33.7M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7393	−0.059%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7392	−0.068%	$18.0M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7392	−0.068%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7391	−0.074%	$265K	$325K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7379	−0.250%	$2.0M	$346K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7381	−0.223%	$456K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7384	−0.176%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7394	−0.041%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7389	−0.108%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7389	−0.108%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7393	−0.056%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7393	−0.058%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0192%	1h	0.7392	−0.068%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7394	−0.036%	$284K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7391	−0.082%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7384	−0.176%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0423%	1h	0.7403	+0.088%	$26.0M	$6.8M	5x	as long as short