Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0115%/8h= +12.5% APRpaid last 24h +0.032%

Price spread now: GMX against KuCoin+0.022%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7289	0.0100	pay 0.0050% / 4h	3h 47m	$10.8M	$3.3M	75x
Short	GMX ASTER/USD [WBTC.b-USDC]	0.7291	L +0.0304% / S −0.0215%	get 0.0027% / 1h	47m 42s	$28K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $24.06
Price spread: +0.022% → 0.000%: $2.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.27
Costs to cover: 0.240%
Break-even: 6.3 days

Slippage unknown: KuCoin: live order book, 6 min ago; GMX: 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 KuCoin live order book, 6 min ago	5.89 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0064%	1h	0.7286	−0.036%	$253K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7286	−0.046%	$52.8M	$111.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7286	−0.047%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7287	−0.029%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7290	+0.020%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.386%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0048%	1h	0.7286	−0.041%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0066%	4h	0.7290	+0.014%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7289	−0.004%	$882K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7290	+0.014%	$357K	$272K	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	0.7293	+0.059%	$24.9M	$7.9M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7287	−0.025%	$254K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7283	−0.081%	$89.9M	$121.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7285	−0.055%	$48.9M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7289	0.000%	$12.4M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7287	−0.027%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7283	−0.082%	$34.0M	$20.0M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7289	long leg	$10.8M	$3.3M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7282	−0.096%	$17.8M	$7.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7284	−0.069%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7290	+0.011%	$210K	$497K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7295	+0.085%	$2.1M	$411K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7293	+0.051%	$459K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7298	+0.123%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7293	+0.055%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7285	−0.055%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7295	+0.082%	$243K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7283	−0.082%	$364K	$636K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7289	+0.007%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0206%	1h	0.7288	−0.009%	$341K	$608K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]short	L +0.0304% / S −0.0215%	1h	0.7291	+0.022%	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7286	−0.041%	$3.4M	$2.1M	75x	as long as short