Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.007%

Price spread now: Backpack against OKX+0.163%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.163%, 7d avg +0.029%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.134% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ASTER-USDT-SWAP	0.7317	0.0100	pay 0.0050% / 4h	40m 47s	$12.4M	$22.5M	50x
Short	Backpack ASTER_USDC_PERP	0.7329	0.0141	get 0.0018% / 1h	40m 47s	$210K	$490K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.163%Rate

Funding earned: $8.55
Price spread: +0.163% → +0.029%: $13.39
Slippage, 4 orders: −$12.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$10.34
Costs to cover: 0.323%
Break-even: 15.5 days

Slippage from OKX: live order book, 3 min ago; Backpack: live order book, 63 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 OKX live order book, 3 min ago	0.68 bp	8.4 bp −$8	20.7 bp −$207	doesn't fit	doesn't fit
Sell Backpack live order book, 63 min ago	0.07 bp	6.4 bp −$6	doesn't fit	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
Aster ASTERUSDT	0.0000%	4h	0.7324	+0.093%	$51.9M	$114.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7323	+0.076%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7324	+0.100%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7324	+0.098%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7329	+0.161%	$254K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.998%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0089%	4h	0.7328	+0.150%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7324	+0.096%	$886K	$921K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7326	+0.116%	$346K	$297K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7324	+0.095%	$258K	$114K	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	0.7323	+0.081%	$92.7M	$132.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7316	−0.014%	$49.4M	$26.4M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7317	long leg	$12.4M	$22.5M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7326	+0.123%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7319	+0.027%	$34.7M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7325	+0.104%	$11.2M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7320	+0.041%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7316	−0.014%	—	$10.1M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7321	+0.056%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+0.273%	$450K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7337	+0.273%	$99K	$737K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7336	+0.260%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7325	+0.109%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7328	+0.150%	$245K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7323	+0.082%	$367K	$652K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7329	+0.162%	$214K	$2.2M	10x	as long as short
Backpack ASTER_USDC_PERPshort	+0.0141%	1h	0.7329	+0.163%	$210K	$490K	10x
01 Exchange ASTERUSD	+0.0152%	1h	0.7327	+0.137%	$6K	$7K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7323	+0.089%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0320%	1h	0.7331	+0.195%	$25.0M	$8.1M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7323	+0.082%	$3.6M	$2.0M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0764%	1h	0.7329	+0.169%	$338K	$657K	20x	as long as short