ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h −0.099%

Price spread now: Coinbase International against Backpack−0.062%52s7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.362% of the position

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.298%−$30 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.062%, 7d avg −0.092%

Together, before fees−0.359%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.029% dearer against Backpack than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.092%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 52 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	Backpack ASTER_USDC_PERP	0.7404	0.0100	pay 0.0013% / 1h	32m 15s	$265K	$323K	10x
Short	Coinbase International ASTER-PERP-INTX	0.7399	−0.0160	pay 0.0020% / 1h	32m 15s	$251K	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$54.6
Price spread: −0.062% → −0.092%: $2.95
Slippage, 4 orders: −$16.15
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$87.81
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Backpack: live order book, 56 min ago; Coinbase International: live order book, 56 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, 56 min ago	0.07 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 56 min ago	2.43 bp	11.6 bp −$12	16.8 bp −$168	doesn't fit	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-INTXshort	−0.0160%	1h	0.7399	−0.062%	$251K	$832K	50x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	+0.085%	$9	$96K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7404	+0.009%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7403	−0.010%	$56.8M	$99.7M	200x	as long as short
dYdX ASTER-USD	+0.0004%	1h	0.7410	+0.082%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7406	+0.033%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7407	+0.046%	$909K	$845K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7409	+0.072%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7405	+0.018%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7408	+0.054%	$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	0.7403	−0.011%	$90.7M	$106.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7403	−0.009%	$49.4M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7402	−0.023%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7408	+0.058%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7403	−0.009%	$34.0M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7408	+0.053%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7405	+0.018%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7404	+0.004%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7404	long leg	$265K	$323K	10x
Variational Omni ASTER	+0.0100%	4h	0.7403	−0.006%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7411	+0.099%	$463K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7420	+0.220%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7411	+0.099%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7402	−0.023%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7405	+0.018%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7403	−0.013%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0118%	4h	0.7407	+0.039%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7409	+0.072%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7408	+0.056%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7404	+0.007%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7404	+0.004%	$3.4M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0492%	1h	0.7414	+0.142%	$26.0M	$6.8M	5x	as long as short