Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.084%

Price spread now: Binance against Coinbase International+0.206%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.206%, 7d avg +0.047%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.159% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7456	−0.0080	get 0.0010% / 1h	9m 18s	$265K	$852K	50x
Short	Binance ASTERUSDT	0.7471	0.0100	get 0.0050% / 4h	3h 09m	$91.9M	$107.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.206%Rate

Funding earned: $37.8
Price spread: +0.206% → +0.047%: $15.91
Slippage, 4 orders: −$24.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.78
Costs to cover: 0.449%
Break-even: 5.4 days

Slippage from Coinbase International: live order book, 64 min ago; Binance: live order book, 4 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, 64 min ago	4.17 bp	13.6 bp −$14	17.3 bp −$173	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.67 bp	8.1 bp −$8	15.5 bp −$155	60.7 bp −$6,075	283.2 bp −$141.6K

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	−0.0080%	1h	0.7456	long leg	$265K	$852K	50x
Aster ASTERUSDT	0.0000%	4h	0.7473	+0.221%	$56.6M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7470	+0.184%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7472	+0.208%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0009%	1h	0.7472	+0.216%	$33K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.887%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7475	+0.256%	$343K	$496K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0096%	4h	0.7476	+0.267%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7475	+0.253%	$921K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7471	+0.200%	$8K	$4K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7473	+0.233%	$374K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7474	+0.240%	$256K	$68K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7471	+0.206%	$91.9M	$107.7M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7475	+0.253%	$49.9M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7472	+0.213%	$12.2M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7476	+0.267%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7477	+0.280%	$35.6M	$17.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7477	+0.280%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7473	+0.227%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7472	+0.213%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7471	+0.198%	$218K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.065%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7461	+0.059%	$463K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7453	−0.042%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7479	+0.307%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7470	+0.186%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7471	+0.200%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7471	+0.196%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7453	−0.044%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0222%	1h	0.7480	+0.327%	$26.0M	$6.4M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0306% / S −0.0215%	1h	0.7472	+0.210%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7473	+0.227%	$3.5M	$1.8M	75x	as long as short