Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.044%

Price spread now: Gate against Coinbase International−0.038%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.038%, 7d avg +0.055%

Together, before fees+0.358%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.094% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.055%). If the spread goes back, that is −$9 on $10k: about 3.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7329	0.0016	pay 0.0002% / 1h	40m 49s	$254K	$1.3M	50x
Short	Gate ASTER_USDT	0.7326	0.0100	get 0.0050% / 4h	40m 49s	$6.3M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.038%Rate

Funding earned: $17.64
Price spread: −0.038% → +0.055%: −$9.36
Slippage, 4 orders: −$32.38
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.1
Costs to cover: 0.574%
Break-even: 26.5 days

Slippage from Coinbase International: live order book, 3 min ago; Gate: 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, 3 min ago	4.50 bp	13.8 bp −$14	18.6 bp −$186	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.05 bp	15.8 bp −$16	31.5 bp −$315	125.4 bp −$12.5K	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
Aster ASTERUSDT	0.0000%	4h	0.7324	−0.061%	$51.9M	$115.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7331	+0.024%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7324	−0.061%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7324	−0.063%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTXlong	+0.0016%	1h	0.7329	long leg	$254K	$1.3M	50x
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.835%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0089%	4h	0.7328	−0.011%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7330	+0.012%	$886K	$921K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7326	−0.045%	$346K	$297K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7326	−0.038%	$258K	$114K	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	0.7324	−0.070%	$92.7M	$132.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7325	−0.052%	$49.5M	$26.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7322	−0.093%	$12.4M	$22.5M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7326	−0.038%	$6.3M	$5.9M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7325	−0.052%	$34.8M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7326	−0.042%	$11.2M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7324	−0.065%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7327	−0.025%	—	$10.1M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7321	−0.105%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+0.112%	$450K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7337	+0.112%	$99K	$737K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7336	+0.098%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7325	−0.052%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7328	−0.011%	$245K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7323	−0.079%	$367K	$652K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7329	+0.001%	$214K	$2.2M	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0141%	1h	0.7329	+0.001%	$210K	$490K	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7327	−0.025%	$6K	$7K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7323	−0.072%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0324%	1h	0.7334	+0.076%	$25.0M	$8.1M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7323	−0.079%	$3.6M	$2.0M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0764%	1h	0.7329	+0.007%	$338K	$657K	20x	as long as short