Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.054%

Price spread now: OKX against GMX−0.038%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 OKX

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—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.038% cheaper against GMX than usual: you would sell low and buy high (−$4 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]	0.7281	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	17m 24s	$28K	—	100x
Short	OKX ASTER-USDT-SWAP	0.7278	0.0100	get 0.0050% / 4h	17m 24s	$12.2M	$19.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$42.77
Price spread: −0.038% → 0.000%: −$3.76
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$68.53
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.69 bp	8.1 bp −$8	21.9 bp −$219	163.3 bp −$16.3K	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	−0.0072%	1h	0.7272	−0.120%	$256K	$991K	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7277	−0.051%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7274	−0.093%	$53.0M	$109.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7272	−0.124%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7275	−0.079%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7278	−0.035%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.501%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0066%	4h	0.7275	−0.079%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7277	−0.047%	$880K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7275	−0.076%	$358K	$265K	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	0.7284	+0.048%	$25.3M	$7.1M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7277	−0.056%	$253K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7277	−0.052%	$89.4M	$119.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7274	−0.093%	$48.8M	$24.9M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7278	−0.038%	$12.2M	$19.7M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7274	−0.093%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7275	−0.079%	$34.5M	$19.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7278	−0.043%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7274	−0.093%	$17.7M	$7.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7279	−0.024%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7277	−0.050%	$217K	$492K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7285	+0.061%	$2.1M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7272	−0.116%	$446K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7278	−0.038%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7287	+0.086%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7275	−0.079%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7275	−0.079%	$242K	$141K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7274	−0.087%	$363K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7274	−0.093%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0283%	1h	0.7280	−0.017%	$343K	$585K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7281	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7274	−0.093%	$3.4M	$2.1M	75x	as long as short