Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.005%

Price spread now: Orderly against 01 Exchange−0.040%7-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 Orderly

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 −$1 a day on $10k at the current rate, and Orderly 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ASTERUSD	0.7429	0.0112	pay 0.0014% / 1h	46m 26s	$8K	$4K	10x
Short	Orderly PERP_ASTER_USDC	0.7426	0.0094	get 0.0047% / 4h	3h 46m	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.040%Rate

Funding earned: −$3.8
Price spread: −0.040% → 0.000%: −$4.04
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.84
Costs to cover: 0.130%
Break-even: never at this rate

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

01 Exchange and 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 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
Backpack ASTER_USDC_PERP	−0.0113%	1h	0.7427	−0.028%	$215K	$404K	10x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7416	−0.176%	$264K	$867K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7427	−0.024%	$56.4M	$101.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7426	−0.043%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7427	−0.030%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7421	−0.113%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.525%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7431	+0.027%	$341K	$507K	20x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0094%	4h	0.7426	−0.040%	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7432	+0.043%	$917K	$879K	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	0.7425	−0.054%	$371K	$266K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7430	+0.019%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7421	−0.108%	$91.0M	$108.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7423	−0.081%	$49.6M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7422	−0.094%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7428	−0.013%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7425	−0.054%	$35.0M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7426	−0.040%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7422	−0.094%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7421	−0.108%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7423	−0.076%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7420	−0.118%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7427	−0.027%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7433	+0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7427	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7419	−0.135%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7423	−0.074%	$372K	$641K	25x	as long as short
01 Exchange ASTERUSDlong	+0.0112%	1h	0.7429	long leg	$8K	$4K	10x
edgeX ASTERUSDC	+0.0112%	4h	0.7417	−0.155%	$214K	$1.9M	10x	as long as short
Hyperliquid ASTER	+0.0238%	1h	0.7430	+0.015%	$25.8M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7421	−0.112%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7423	−0.081%	$3.5M	$1.9M	75x	as long as short