Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.018%

Price spread now: Orderly against dYdX−0.130%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.130% cheaper against dYdX than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 5.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ASTER-USD	0.7341	0	get 0.0000% / 1h	5m 09s	$14K	$1K	5x
Short	Orderly PERP_ASTER_USDC	0.7331	0.0075	get 0.0038% / 4h	1h 05m	$13K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against dYdX. 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 dYdXbpFee OrderlybpOrdersPrice spread, now −0.130%Rate

Funding earned: $15.8
Price spread: −0.130% → 0.000%: −$12.99
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$13.18
Costs to cover: 0.160%
Break-even: 12.8 days

Slippage unknown: dYdX: no order-book sample; Orderly: no order-book sample. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

dYdX and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-INTX	−0.0024%	1h	0.7339	−0.022%	$254K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7334	−0.090%	$52.1M	$116.9M	200x	as long as short
dYdX ASTER-USDlong	0.0000%	1h	0.7341	long leg	$14K	$1K	5x
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7334	−0.093%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7338	−0.035%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.674%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0042%	1h	0.7337	−0.055%	$340K	$671K	20x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0075%	4h	0.7331	−0.130%	$13K	$1K	10x
Lighter ASTER	+0.0096%	1h	0.7337	−0.047%	$888K	$956K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7339	−0.014%	$347K	$297K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7344	+0.048%	$258K	$114K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7334	−0.093%	$92.8M	$132.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7332	−0.116%	$49.5M	$26.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7332	−0.116%	$12.5M	$22.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7340	−0.007%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7331	−0.130%	$35.0M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7333	−0.104%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7332	−0.116%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7332	−0.116%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7341	+0.009%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7341	+0.010%	$451K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7341	+0.006%	$100K	$739K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7358	+0.238%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7332	−0.116%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7339	−0.021%	$245K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7333	−0.100%	$367K	$651K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7338	−0.031%	$214K	$2.2M	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0167%	1h	0.7336	−0.058%	$209K	$493K	10x	as long as short
01 Exchange ASTERUSD	+0.0168%	1h	0.7341	+0.006%	$6K	$7K	10x	as long as short
Hyperliquid ASTER	+0.0254%	1h	0.7347	+0.083%	$25.1M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7335	−0.070%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7340	−0.007%	$3.6M	$2.1M	75x	as long as short