Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h −0.010%

Price spread now: Orderly against Nado−0.085%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Orderly

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.085% cheaper against Nado than usual: you would sell low and buy high, −$9 on $10k if it 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	Nado ASTER-PERP	0.7453	0.0100	pay 0.0012% / 1h	33m 00s	$372K	$256K	5x
Short	Orderly PERP_ASTER_USDC	0.7447	0.0092	get 0.0046% / 4h	3h 33m	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.085%Rate

Funding earned: −$1.63
Price spread: −0.085% → 0.000%: −$8.54
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$23.17
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 40 min ago; Orderly: 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 Nado live order book, 40 min ago	0.94 bp	9.3 bp −$9	23.2 bp −$232	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0080%	1h	0.7459	+0.076%	$266K	$852K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0044%	1h	0.7438	−0.205%	$210K	$406K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7444	−0.128%	$56.5M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7454	+0.003%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7441	−0.167%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7443	−0.142%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.850%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7444	−0.119%	$342K	$485K	20x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0092%	4h	0.7447	−0.085%	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7446	−0.099%	$918K	$881K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERPlong	+0.0100%	1h	0.7453	long leg	$372K	$256K	5x
Pacifica ASTER	+0.0100%	1h	0.7452	−0.017%	$255K	$102K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7441	−0.166%	$91.3M	$107.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7442	−0.153%	$49.8M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7442	−0.153%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7444	−0.126%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7444	−0.126%	$35.6M	$16.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7443	−0.144%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7441	−0.166%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7442	−0.153%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7458	+0.067%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7453	−0.005%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7458	+0.062%	$67K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	−0.032%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7441	−0.166%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7442	−0.153%	$244K	$110K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7453	−0.002%	$215K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7443	−0.142%	$373K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0120%	1h	0.7452	−0.018%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0240%	1h	0.7450	−0.047%	$25.9M	$6.6M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7441	−0.165%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7442	−0.153%	$3.5M	$1.9M	75x	as long as short