Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.006%

Price spread now: 01 Exchange against Orderly−0.094%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 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.094% cheaper against Orderly than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7417	0.0100	pay 0.0050% / 4h	1h 40m	$14K	$845	10x
Short	01 Exchange ASTERUSD	0.7410	0.0144	get 0.0018% / 1h	40m 09s	$8K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.094%Rate

Funding earned: $9.24
Price spread: −0.094% → 0.000%: −$9.44
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$13.2
Costs to cover: 0.130%
Break-even: 17.0 days

Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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	0.7397	−0.270%	$251K	$825K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7414	−0.041%	$56.6M	$99.5M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7415	−0.030%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7413	−0.059%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	−0.094%	$9	$96K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7418	+0.019%	$913K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7406	−0.155%	$370K	$273K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7408	−0.119%	$254K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7415	−0.034%	$90.8M	$106.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7413	−0.054%	$49.6M	$21.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7415	−0.027%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7414	−0.040%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7414	−0.040%	$34.3M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7415	−0.031%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7417	0.000%	$18.2M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7414	−0.040%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7415	−0.030%	$264K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7408	−0.119%	$2.1M	$362K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7393	−0.330%	$460K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7395	−0.297%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDClong	+0.0100%	4h	0.7417	long leg	$14K	$845	10x
SunX ASTER-USDT	+0.0100%	4h	0.7412	−0.067%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7415	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7410	−0.094%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7413	−0.050%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7398	−0.260%	$213K	$1.9M	10x	as long as short
dYdX ASTER-USD	+0.0136%	1h	0.7403	−0.189%	$13K	$61	5x	as long as short
01 Exchange ASTERUSDshort	+0.0144%	1h	0.7410	−0.094%	$8K	$4K	10x
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7418	+0.016%	$286K	$420K	20x	as long as short
Hyperliquid ASTER	+0.0178%	1h	0.7421	+0.061%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7413	−0.058%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7408	−0.121%	$3.4M	$1.8M	75x	as long as short