ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.085%

Price spread now: Backpack against Coinbase International−0.224%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.309%+$31 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.224%, 7d avg +0.094%

Together, before fees+0.657%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.318% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of +0.094%). If the spread goes back, that is −$32 on $10k: about 6.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7328	−0.0072	get 0.0009% / 1h	51m 06s	$277K	$884K	50x
Short	Backpack ASTER_USDC_PERP	0.7311	0.0100	get 0.0013% / 1h	51m 06s	$214K	$486K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now −0.224%Rate

Funding earned: $36.12
Price spread: −0.224% → +0.094%: −$31.82
Slippage, 4 orders: −$18.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$34.33
Costs to cover: 0.386%
Break-even: 13.7 days

Slippage from Coinbase International: live order book, 7 min ago; Backpack: live order book, 8 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 Coinbase International live order book, 7 min ago	2.18 bp	11.2 bp −$11	19.0 bp −$190	doesn't fit	doesn't fit
Sell Backpack live order book, 8 min ago	0.07 bp	5.5 bp −$5	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-INTXlong	−0.0072%	1h	0.7328	long leg	$277K	$884K	50x
Aster ASTERUSDT	0.0000%	4h	0.7310	−0.242%	$54.3M	$102.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7313	−0.203%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7307	−0.284%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7308	−0.265%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.852%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0077%	4h	0.7308	−0.267%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7311	−0.222%	$891K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7306	−0.288%	$366K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7311	−0.230%	$254K	$73K	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	0.7311	−0.222%	$90.1M	$111.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7309	−0.254%	$48.6M	$23.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7312	−0.213%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7309	−0.254%	$6.3M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7309	−0.254%	$33.5M	$18.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7308	−0.273%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7309	−0.254%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7311	−0.227%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7311	−0.224%	$214K	$486K	10x
Variational Omni ASTER	+0.0100%	4h	0.7305	−0.312%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+0.128%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7340	+0.169%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7316	−0.158%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7307	−0.281%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7313	−0.199%	$242K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7305	−0.307%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7336	+0.121%	$213K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7311	−0.227%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0157%	1h	0.7316	−0.156%	$25.3M	$6.5M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0282%	1h	0.7313	−0.205%	$336K	$492K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7306	−0.293%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7313	−0.199%	$3.5M	$1.8M	75x	as long as short