Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.074%

Price spread now: Coinbase International against HTX+0.006%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1191.195% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.006%, 7d avg −0.048%

Together, before fees−0.479%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.053% dearer against HTX than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.048%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ASTER-USDT	0.7266	0.0100	pay 0.0050% / 4h	3h 01m	$241K	$143K	20x
Short	Coinbase International ASTER-PERP-INTX	0.7266	−0.0064	pay 0.0008% / 1h	1m 12s	$270K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$34.44
Price spread: +0.006% → −0.048%: $5.35
Slippage, 4 orders: −$97.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$148.58
Costs to cover: 1.195%
Break-even: never at this rate

Slippage from HTX: live order book, 50 min ago; Coinbase International: 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 HTX live order book, 50 min ago	6.86 bp	54.2 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.81 bp	14.3 bp −$14	21.0 bp −$210	doesn't fit	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
Coinbase International ASTER-PERP-INTXshort	−0.0064%	1h	0.7266	+0.006%	$270K	$1.2M	50x
Aster ASTERUSDT	0.0000%	4h	0.7272	+0.083%	$52.4M	$112.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7267	+0.008%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7272	+0.085%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7271	+0.071%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0016%	1h	0.7275	+0.124%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.707%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0060%	4h	0.7270	+0.055%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7274	+0.106%	$880K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7274	+0.115%	$362K	$274K	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	0.7281	+0.213%	$24.9M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7269	+0.046%	$253K	$82K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7272	+0.080%	$90.0M	$122.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7270	+0.055%	$48.9M	$25.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7273	+0.096%	$12.4M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7268	+0.028%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7271	+0.069%	$33.8M	$20.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7270	+0.052%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7268	+0.028%	$17.7M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7271	+0.069%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7276	+0.133%	$210K	$499K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7307	+0.567%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7297	+0.427%	$455K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7279	+0.179%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7277	+0.151%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7272	+0.083%	$13K	$8K	5x	as long as short
HTX ASTER-USDTlong	+0.0100%	4h	0.7266	long leg	$241K	$143K	20x
Extended ASTER-USD	+0.0104%	1h	0.7272	+0.081%	$365K	$634K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7281	+0.211%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0206%	1h	0.7277	+0.149%	$337K	$625K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7272	+0.084%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7275	+0.124%	$3.5M	$2.1M	75x	as long as short