Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.010%

Price spread now: Orderly against Pacifica−0.063%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Orderly

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 airdropPacifica: 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: Orderly is 0.063% cheaper against Pacifica than usual: you would sell low and buy high, −$6 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	Pacifica ASTER	0.7355	0.0100	pay 0.0013% / 1h	11m 07s	$256K	$74K	10x
Short	Orderly PERP_ASTER_USDC	0.7350	0.0093	get 0.0046% / 4h	2h 11m	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Pacifica. 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 PacificabpFee OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: −$1.52
Price spread: −0.063% → 0.000%: −$6.3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.82
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 57 min ago; Orderly: 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 Pacifica live order book, 57 min ago	5.36 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 31 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	0.7350	−0.064%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7351	−0.049%	$54.9M	$101.6M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7354	−0.009%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7353	−0.028%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.481%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7351	−0.049%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0093%	4h	0.7350	−0.063%	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7358	+0.050%	$893K	$898K	5x	as long as short
dYdX ASTER-USD	+0.0097%	1h	0.7357	+0.027%	$15K	$1K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	+0.006%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7363	+0.121%	$25.5M	$6.6M	5x	as long as short
Pacifica ASTERlong	+0.0100%	1h	0.7355	long leg	$256K	$74K	10x
Binance ASTERUSDT	+0.0100%	4h	0.7353	−0.026%	$90.1M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7355	+0.005%	$49.2M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7356	+0.019%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7352	−0.036%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7351	−0.049%	$33.8M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7352	−0.038%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7358	+0.046%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7354	−0.009%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7356	+0.015%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	−0.060%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7350	−0.058%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	−0.049%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7349	−0.077%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7356	+0.019%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7350	−0.063%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7354	−0.008%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7347	−0.103%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7362	+0.096%	$340K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7352	−0.029%	$28K	—	100x	as long as short