Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0115%/8h= +12.5% APRpaid last 24h +0.037%

Price spread now: GMX against Variational Omni−0.161%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on GMX

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.161% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 4.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ASTER	0.7253	0.0100	pay 0.0050% / 4h	2h 32m	$2.1M	$391K	—
Short	GMX ASTER/USD [WBTC.b-USDC]	0.7242	L +0.0303% / S −0.0215%	get 0.0027% / 1h	32m 21s	$27K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $24.06
Price spread: −0.161% → 0.000%: −$16.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.04
Costs to cover: 0.120%
Break-even: 8.2 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GMX: 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 Variational Omni RFQ quote, 2 min ago	4.84 bp	doesn't fit	51.9 bp −$519	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Deribit ASTER_USDC-PERPETUAL	−0.0123%	1h	0.7231	−0.304%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7236	−0.234%	$267K	$1.2M	50x	as long as short
01 Exchange ASTERUSD	−0.0008%	1h	0.7244	−0.129%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7244	−0.134%	$52.0M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7244	−0.131%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7240	−0.182%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.884%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7240	−0.184%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0056%	1h	0.7242	−0.156%	$364K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7241	−0.169%	$876K	$922K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7242	−0.157%	$340K	$285K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7248	−0.075%	$24.8M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7242	−0.157%	$252K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7243	−0.146%	$89.4M	$122.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7238	−0.212%	$48.8M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7239	−0.198%	$12.5M	$20.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7241	−0.171%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7244	−0.129%	$34.1M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7241	−0.164%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7243	−0.143%	$17.7M	$8.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7240	−0.184%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7236	−0.246%	$210K	$488K	10x	as long as short
Variational Omni ASTERlong	+0.0100%	4h	0.7253	long leg	$2.1M	$391K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7243	−0.142%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7275	+0.298%	$99K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7241	−0.171%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7230	−0.322%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7234	−0.267%	$241K	$145K	20x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7267	+0.187%	$212K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0299%	1h	0.7235	−0.259%	$335K	$626K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]short	L +0.0303% / S −0.0215%	1h	0.7242	−0.161%	$27K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7232	−0.295%	$3.5M	$2.1M	75x	as long as short