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: MEXC against Coinbase International−0.027%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

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

costs, in and out, $10k−$300.297% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.027%, 7d avg +0.047%

Together, before fees+0.374%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.074% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.047%). If the spread goes back, that is −$7 on $10k: about 33 hours 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	0.7459	−0.0080	get 0.0010% / 1h	33m 33s	$266K	$852K	50x
Short	MEXC ASTER_USDT	0.7457	0.0100	get 0.0050% / 4h	3h 33m	$35.7M	$16.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: $37.8
Price spread: −0.027% → +0.047%: −$7.41
Slippage, 4 orders: −$19.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.71
Costs to cover: 0.297%
Break-even: 6.9 days

Slippage from Coinbase International: live order book, 40 min ago; MEXC: live order book, 5 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, 40 min ago	4.17 bp	13.6 bp −$14	17.3 bp −$173	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.67 bp	0.7 bp −$1	4.7 bp −$47	43.0 bp −$4,304	154.9 bp −$77.5K

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	0.7459	long leg	$266K	$852K	50x
Backpack ASTER_USDC_PERP	−0.0034%	1h	0.7453	−0.086%	$211K	$406K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7447	−0.161%	$56.5M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7454	−0.073%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7455	−0.048%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7463	+0.055%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.925%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7460	+0.012%	$342K	$485K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0092%	4h	0.7462	+0.040%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7453	−0.080%	$919K	$881K	5x	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	0.7453	−0.075%	$372K	$256K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7452	−0.093%	$255K	$102K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7444	−0.200%	$91.3M	$107.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7442	−0.228%	$49.8M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7444	−0.201%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7452	−0.094%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7457	−0.027%	$35.7M	$16.7M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7452	−0.093%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7446	−0.174%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7449	−0.134%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7458	−0.009%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7453	−0.080%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7458	−0.013%	$67K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7465	+0.080%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7457	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7461	+0.027%	$244K	$110K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7453	−0.078%	$215K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7445	−0.185%	$373K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0120%	1h	0.7452	−0.094%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0242%	1h	0.7457	−0.023%	$25.9M	$6.6M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7462	+0.037%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7456	−0.040%	$3.5M	$1.9M	75x	as long as short