Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: BingX against Backpack+0.066%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Backpack Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.066%, 7d avg −0.053%

Together, before fees−0.016%−$2 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: BingX is 0.119% dearer against Backpack than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7402	0.0100	pay 0.0013% / 1h	35m 37s	$265K	$323K	10x
Short	BingX ASTER-USDT	0.7407	0.0100	get 0.0050% / 4h	2h 35m	—	$9.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.053%: $11.91
Slippage, 4 orders: −$8.83
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$16.92
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Backpack: live order book, 52 min ago; BingX: live order book, 7 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, 52 min ago	0.07 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.03 bp	7.0 bp −$7	11.1 bp −$111	42.9 bp −$4,294	155.7 bp −$77.9K

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	−0.0160%	1h	0.7399	−0.041%	$251K	$832K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0128%	1h	0.7401	−0.018%	$11K	$87K	25x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.339%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7404	+0.023%	$56.8M	$99.7M	200x	as long as short
dYdX ASTER-USD	+0.0004%	1h	0.7402	+0.002%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	−0.010%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7408	+0.082%	$910K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7407	+0.066%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7404	+0.026%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7408	+0.078%	$254K	$108K	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	0.7406	+0.053%	$90.7M	$105.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7406	+0.053%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7406	+0.053%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7403	+0.012%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7405	+0.039%	$33.9M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7405	+0.038%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7405	+0.039%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7407	+0.066%	—	$9.6M	—
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7402	long leg	$265K	$323K	10x
Variational Omni ASTER	+0.0100%	4h	0.7400	−0.035%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7401	−0.015%	$460K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.015%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7409	+0.093%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7399	−0.042%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7403	+0.012%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7402	+0.001%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7394	−0.108%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7406	+0.053%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7404	+0.026%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7402	+0.005%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7419	+0.228%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0499%	1h	0.7412	+0.139%	$26.0M	$6.8M	5x	as long as short