Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Nado−0.275%62s7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.282% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.275%, 7d avg −0.080%

Together, before fees+0.191%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.195% cheaper against Nado than usual: you would sell low and buy high (spread −0.275% now, against its 7-day average of −0.080%). If the spread goes back, that is −$20 on $10k: about 2 months of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.004% in total) that is about 5 months. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ASTER-PERP	0.7460	0.0100	pay 0.0012% / 1h	22m 09s	$374K	$268K	5x
Short	edgeX ASTERUSDC	0.7440	0.0109	get 0.0055% / 4h	22m 09s	$215K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Nado. 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 NadobpFee edgeXbpOrdersPrice spread, now −0.275%Rate

Funding earned: $1.98
Price spread: −0.275% → −0.080%: −$19.52
Slippage, 4 orders: −$12.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$45.76
Costs to cover: 0.282%
Break-even: 168.9 days

Slippage from Nado: live order book, 56 min ago; edgeX: 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 Nado live order book, 56 min ago	0.68 bp	8.2 bp −$8	43.4 bp −$434	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	2.02 bp	6.5 bp −$7	12.0 bp −$120	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-INTX	−0.0136%	1h	0.7466	+0.074%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7461	+0.009%	$56.8M	$100.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7445	−0.209%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7461	+0.012%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7461	+0.006%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7465	+0.065%	$337K	$485K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.945%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7464	+0.054%	$925K	$884K	5x	as long as short
Nado ASTER-PERPlong	+0.0100%	1h	0.7460	long leg	$374K	$268K	5x
Pacifica ASTER	+0.0100%	1h	0.7451	−0.129%	$255K	$104K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7463	+0.032%	$91.4M	$107.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7461	+0.007%	$49.9M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7461	+0.007%	$12.1M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7460	−0.007%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7462	+0.020%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7461	+0.008%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7461	+0.007%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7460	−0.007%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7458	−0.032%	$227K	$390K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7453	−0.105%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7458	−0.030%	$460K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7446	−0.194%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7467	+0.087%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7471	+0.141%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7460	−0.007%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7451	−0.127%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7460	−0.006%	$380K	$635K	25x	as long as short
edgeX ASTERUSDCshort	+0.0109%	4h	0.7440	−0.275%	$215K	$1.9M	10x
01 Exchange ASTERUSD	+0.0144%	1h	0.7463	+0.034%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7463	+0.028%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7441	−0.261%	$3.5M	$1.9M	75x	as long as short
Hyperliquid ASTER	+0.0354%	1h	0.7468	+0.103%	$25.9M	$6.9M	5x	as long as short