Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Backpack against BingX−0.073%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on BingX Short on Backpack

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)+0.039%+$4 · spread now −0.073%, 7d avg +0.053%

Together, before fees+0.021%+$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: Backpack is 0.126% cheaper against BingX than usual: you would sell low and buy high, −$13 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	BingX ASTER-USDT	0.7417	0.0100	pay 0.0050% / 4h	1h 12m	—	$9.6M	—
Short	Backpack ASTER_USDC_PERP	0.7412	0.0100	get 0.0013% / 1h	12m 20s	$264K	$326K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BingX. 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 BingXbpFee BackpackbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.053%: −$12.59
Slippage, 4 orders: −$8.15
Fee BingX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$40.74
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Backpack: live order book, 6 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 BingX live order book, 6 min ago	2.70 bp	7.7 bp −$8	10.9 bp −$109	40.2 bp −$4,024	179.0 bp −$89.5K
Sell Backpack live order book, 6 min ago	0.07 bp	5.7 bp −$6	doesn't fit	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-INTX	−0.0136%	1h	0.7393	−0.321%	$260K	$837K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7413	−0.060%	$56.6M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7410	−0.098%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7416	−0.013%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.364%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0060%	1h	0.7412	−0.073%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7418	+0.009%	$918K	$878K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7415	−0.027%	$372K	$270K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7416	−0.016%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7415	−0.028%	$90.8M	$106.8M	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	0.7416	−0.013%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7417	0.000%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7416	−0.013%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7413	−0.054%	$34.7M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7415	−0.034%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7413	−0.054%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7417	long leg	—	$9.6M	—
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7412	−0.073%	$264K	$326K	10x
Variational Omni ASTER	+0.0100%	4h	0.7412	−0.073%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7411	−0.081%	$462K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7416	−0.013%	$66K	$718K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7418	+0.013%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7415	−0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7409	−0.108%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7414	−0.040%	$242K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7413	−0.047%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7409	−0.102%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7418	+0.013%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0146%	1h	0.7422	+0.074%	$25.8M	$6.8M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7412	−0.062%	$335K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7416	−0.020%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7411	−0.081%	$3.4M	$1.9M	75x	as long as short