Funding arb · Price arb /

ASTER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Nado against Orderly+0.073%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 Nado

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.073% dearer against Orderly than usual: you sell high and buy low, +$7 on $10k if it 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	0.7440	0.0100	pay 0.0050% / 4h	9m 05s	$14K	$845	10x
Short	Nado ASTER-PERP	0.7445	0.0100	get 0.0012% / 1h	9m 05s	$372K	$266K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.073%Rate

Funding earned: $0.04
Price spread: +0.073% → 0.000%: $7.33
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$5.63
Costs to cover: 0.130%
Break-even: 945.0 days

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 4 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 Nado live order book, 4 min ago	0.94 bp	8.6 bp −$9	25.8 bp −$258	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	−0.0136%	1h	0.7447	+0.087%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7441	+0.015%	$56.7M	$100.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7445	+0.067%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7443	+0.044%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7442	+0.022%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7446	+0.085%	$336K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.672%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7447	+0.093%	$922K	$884K	5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0100%	4h	0.7440	long leg	$14K	$845	10x
Nado ASTER-PERPshort	+0.0100%	1h	0.7445	+0.073%	$372K	$266K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7442	+0.030%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7441	+0.015%	$91.2M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7442	+0.027%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7444	+0.054%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7440	0.000%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7441	+0.013%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7441	+0.012%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7442	+0.027%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7444	+0.054%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7440	0.000%	$218K	$400K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7432	−0.102%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7435	−0.067%	$455K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7442	+0.027%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7449	+0.121%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7442	+0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7441	+0.013%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7444	+0.048%	$374K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0117%	4h	0.7441	+0.018%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7442	+0.027%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7443	+0.043%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0332%	1h	0.7452	+0.163%	$25.9M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7444	+0.054%	$3.5M	$1.9M	75x	as long as short