Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.039%

Price spread now: Aster against Backpack−0.012%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.012%, 7d avg −0.017%

Together, before fees+0.164%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7374	0.0100	pay 0.0013% / 1h	50m 51s	$264K	$323K	10x
Short	Aster ASTERUSDT	0.7373	0	get 0.0000% / 4h	1h 50m	$56.4M	$99.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$21
Price spread: −0.012% → −0.017%: $0.49
Slippage, 4 orders: −$10.06
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.57
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Backpack: live order book, 33 min ago; Aster: live order book, 3 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 Backpack live order book, 33 min ago	0.07 bp	5.4 bp −$5	59.4 bp −$594	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.68 bp	5.6 bp −$6	9.2 bp −$92	139.3 bp −$13.9K	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	−0.0136%	1h	0.7390	+0.207%	$251K	$827K	50x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7373	−0.012%	$56.4M	$99.8M	200x
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7374	0.000%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7376	+0.022%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.484%	$9	$96K	5.5x	as long as short
dYdX ASTER-USD	+0.0051%	1h	0.7376	+0.028%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7378	+0.052%	$908K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7375	+0.009%	$369K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7378	+0.055%	$253K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7378	+0.048%	$90.3M	$106.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7380	+0.077%	$49.4M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7379	+0.064%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7377	+0.037%	$6.2M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7371	−0.045%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7372	−0.035%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7381	+0.091%	$18.1M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7380	+0.077%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7374	long leg	$264K	$323K	10x
Variational Omni ASTER	+0.0100%	4h	0.7395	+0.279%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7404	+0.400%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7378	+0.050%	$65K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7371	−0.045%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7383	+0.118%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7374	−0.004%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7380	+0.077%	$241K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7374	+0.001%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7382	+0.105%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7377	+0.037%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7378	+0.054%	$284K	$420K	20x	as long as short
Hyperliquid ASTER	+0.0207%	1h	0.7382	+0.104%	$25.7M	$6.7M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7375	+0.006%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7376	+0.023%	$3.4M	$1.8M	75x	as long as short