Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.077%

Price spread now: Bybit against Coinbase International+0.125%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.125%, 7d avg +0.034%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.091% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7457	−0.0136	get 0.0017% / 1h	52m 05s	$261K	$847K	50x
Short	Bybit ASTERUSDT	0.7466	0.0100	get 0.0050% / 4h	52m 05s	$49.9M	$21.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.125%Rate

Funding earned: $49.56
Price spread: +0.125% → +0.034%: $9.06
Slippage, 4 orders: −$25.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $12.59
Costs to cover: 0.460%
Break-even: 5.2 days

Slippage from Coinbase International: live order book, 26 min ago; Bybit: live order book, 2 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, 26 min ago	4.25 bp	14.1 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.67 bp	6.3 bp −$6	36.6 bp −$366	206.6 bp −$20.7K	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	−0.0136%	1h	0.7457	long leg	$261K	$847K	50x
Aster ASTERUSDT	0.0000%	4h	0.7465	+0.116%	$57.0M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7473	+0.214%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7465	+0.113%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7465	+0.107%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7469	+0.170%	$337K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.894%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7470	+0.178%	$925K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7465	+0.106%	$374K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7471	+0.194%	$256K	$107K	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	0.7465	+0.111%	$91.4M	$106.9M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7466	+0.125%	$49.9M	$21.9M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7466	+0.125%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7468	+0.152%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7467	+0.138%	$34.5M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7469	+0.162%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7473	+0.219%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7469	+0.165%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7467	+0.131%	$268K	$327K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7440	−0.217%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7457	+0.005%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7438	−0.251%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7468	+0.152%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7475	+0.245%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7465	+0.111%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7460	+0.044%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7463	+0.085%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7455	−0.027%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7471	+0.192%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7465	+0.114%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0311%	1h	0.7476	+0.252%	$25.9M	$6.8M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7461	+0.058%	$3.5M	$1.9M	75x	as long as short