Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.084%

Price spread now: Aster against GMX−0.049%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.049% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7335	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	35m 20s	$28K	—	100x
Short	Aster ASTERUSDT	0.7332	0	get 0.0000% / 4h	1h 35m	$54.6M	$101.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$63.9
Price spread: −0.049% → 0.000%: −$4.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$88.76
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.68 bp	5.6 bp −$6	10.6 bp −$106	68.9 bp −$6,888	doesn't fit

GMX: 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	−0.0088%	1h	0.7316	−0.259%	$270K	$875K	50x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7332	−0.049%	$54.6M	$101.6M	200x
dYdX ASTER-USD	0.0000%	1h	0.7332	−0.050%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7335	−0.003%	$8K	$4K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7340	+0.072%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7338	+0.038%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.747%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0089%	4h	0.7339	+0.052%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7329	−0.086%	$889K	$901K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7332	−0.037%	$367K	$252K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7345	+0.139%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7331	−0.063%	$255K	$72K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7336	+0.012%	$90.1M	$110.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7338	+0.038%	$49.0M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7343	+0.106%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7332	−0.044%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7339	+0.052%	$33.7M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7335	−0.001%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7340	+0.065%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7338	+0.038%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7337	+0.026%	$215K	$482K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7333	−0.029%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7325	−0.136%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7323	−0.166%	$65K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7346	+0.147%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7336	+0.011%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7325	−0.139%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7333	−0.030%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7318	−0.230%	$211K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7340	+0.064%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7335	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7324	−0.153%	$3.5M	$1.9M	75x	as long as short