Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.059%

Price spread now: Coinbase International against MEXC−0.057%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.281%−$28 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.057%, 7d avg −0.050%

Together, before fees−0.333%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ASTER_USDT	0.7236	0.0100	pay 0.0050% / 4h	32m 35s	$31.6M	$22.6M	100x
Short	Coinbase International ASTER-PERP-INTX	0.7232	−0.0008	pay 0.0001% / 1h	32m 35s	$248K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$22.68
Price spread: −0.057% → −0.050%: −$0.64
Slippage, 4 orders: −$19.65
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.97
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 4 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 MEXC live order book, 4 min ago	0.69 bp	2.3 bp −$2	6.5 bp −$65	23.1 bp −$2,309	109.8 bp −$54.9K
Sell Coinbase International live order book, 4 min ago	4.08 bp	12.1 bp −$12	15.6 bp −$156	doesn't fit	doesn't fit

ASTER on 32 exchanges

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	−0.0008%	1h	0.7232	−0.057%	$248K	$1.2M	50x
Aster ASTERUSDT	0.0000%	4h	0.7240	+0.059%	$49.9M	$103.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7237	+0.013%	$14K	$4K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7238	+0.028%	$11K	$41K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7238	+0.023%	$23K	—	150x	as long as short
Extended ASTER-USD	+0.0032%	1h	0.7236	−0.001%	$362K	$599K	25x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.128%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0053%	4h	0.7238	+0.028%	$13K	$2K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7241	+0.076%	$938K	$516K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7238	+0.022%	$347K	$235K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7241	+0.069%	$25.1M	$6.8M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7238	+0.028%	$264K	$106K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7239	+0.041%	$92.5M	$123.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7234	−0.028%	$49.2M	$25.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7235	−0.014%	$12.5M	$20.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7236	0.000%	$6.4M	$4.4M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7236	long leg	$31.6M	$22.6M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7236	+0.006%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7235	−0.014%	$17.7M	$7.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7236	0.000%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7243	+0.093%	$212K	$455K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7226	−0.132%	$2.0M	$382K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7234	−0.028%	$449K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7233	−0.041%	$46K	$747K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7245	+0.124%	$2K	$1.5M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7238	+0.028%	$13K	$6K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7236	0.000%	$249K	$170K	20x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7228	−0.109%	$210K	$2.1M	10x	as long as short
01 Exchange ASTERUSD	+0.0120%	1h	0.7241	+0.069%	$6K	$7K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7243	+0.091%	$339K	$645K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0302% / S −0.0219%	1h	0.7240	+0.050%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7232	−0.055%	$3.6M	$1.8M	75x	as long as short