Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Backpack against SunX−0.132%49s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2512.513% of the position

Long on SunX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.132%, 7d avg −0.075%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.057% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.075%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ASTER-USDT	0.7356	0.0100	pay 0.0050% / 4h	58m 17s	$2K	$1.7M	20x
Short	Backpack ASTER_USDC_PERP	0.7346	0.0100	get 0.0013% / 1h	58m 17s	$219K	$487K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.075%: −$5.7
Slippage, 4 orders: −$233.28
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$256.97
Costs to cover: 2.513%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Backpack: live order book, 65 min ago.

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 SunX live order book, 7 min ago	30.06 bp	108.5 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 65 min ago	0.07 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−0.0072%	1h	0.7340	−0.213%	$277K	$886K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0036%	1h	0.7336	−0.273%	$11K	$71K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7345	−0.152%	$54.6M	$102.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7349	−0.099%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7339	−0.237%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.462%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0078%	4h	0.7337	−0.258%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7338	−0.247%	$894K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7349	−0.095%	$368K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7350	−0.085%	$255K	$73K	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	0.7331	−0.340%	$90.1M	$110.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7334	−0.299%	$48.8M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7333	−0.313%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7348	−0.109%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7344	−0.163%	$34.0M	$18.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7345	−0.148%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7338	−0.245%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7336	−0.272%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7346	−0.132%	$219K	$487K	10x
Variational Omni ASTER	+0.0100%	4h	0.7321	−0.476%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.441%	$448K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7322	−0.462%	$84K	$722K	50x	as long as short
SunX ASTER-USDTlong	+0.0100%	4h	0.7356	long leg	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7335	−0.285%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7350	−0.082%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7334	−0.300%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7318	−0.512%	$212K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7347	−0.122%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0189%	1h	0.7350	−0.082%	$25.5M	$6.5M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0281%	1h	0.7337	−0.257%	$337K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7336	−0.270%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7338	−0.245%	$3.5M	$1.9M	75x	as long as short