Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.009%

Price spread now: Bybit against 01 Exchange−0.040%54s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.040% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	01 Exchange ASTERUSD	0.7472	0.0152	pay 0.0019% / 1h	36m 42s	$8K	$4K	10x
Short	Bybit ASTERUSDT	0.7469	0.0100	get 0.0050% / 4h	36m 42s	$49.9M	$22.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$10.92
Price spread: −0.040% → 0.000%: −$4.01
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.93
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 2 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.67 bp	10.3 bp −$10	38.4 bp −$384	202.9 bp −$20.3K	doesn't fit

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	0.7470	−0.020%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7465	−0.095%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7465	−0.093%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7468	−0.056%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7469	−0.044%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7471	−0.016%	$337K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.097%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7468	−0.052%	$924K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7474	+0.033%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7470	−0.031%	$256K	$104K	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	0.7468	−0.054%	$91.5M	$107.1M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7469	−0.040%	$49.9M	$22.0M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7469	−0.040%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7463	−0.120%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7468	−0.054%	$35.3M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7467	−0.071%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7463	−0.120%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7462	−0.134%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7465	−0.092%	$265K	$330K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7485	+0.168%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7485	+0.175%	$464K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7473	+0.013%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7471	−0.013%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7475	+0.040%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7468	−0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7470	−0.027%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7463	−0.124%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7470	−0.030%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSDlong	+0.0152%	1h	0.7472	long leg	$8K	$4K	10x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7470	−0.030%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0334%	1h	0.7474	+0.033%	$26.0M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7467	−0.067%	$3.5M	$1.9M	75x	as long as short