Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against Orderly−0.246%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. ApeX Omni is 0.246% cheaper against Orderly than usual: you would sell low and buy high (spread −0.246% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 2 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7313	0.0089	pay 0.0044% / 4h	19m 19s	$13K	$1K	10x
Short	ApeX Omni ASTERUSDT	0.7295	0.0100	get 0.0013% / 1h	19m 19s	$99K	$739K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.246%Rate

Funding earned: $2.34
Price spread: −0.246% → 0.000%: −$24.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$38.28
Costs to cover: 0.160%
Break-even: 121.7 days

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 19 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 19 min ago	4.79 bp	11.6 bp −$12	61.3 bp −$613	doesn't fit	doesn't fit

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
Aster ASTERUSDT	0.0000%	4h	0.7308	−0.070%	$51.7M	$112.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7304	−0.127%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7310	−0.041%	$11K	$56K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7310	−0.045%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7288	−0.339%	$252K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.053%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0089%	4h	0.7313	long leg	$13K	$1K	10x
Lighter ASTER	+0.0096%	1h	0.7313	0.000%	$884K	$921K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7309	−0.055%	$6K	$7K	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7312	−0.017%	$346K	$291K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7305	−0.115%	$257K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7310	−0.035%	$92.4M	$130.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7310	−0.041%	$49.4M	$26.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7312	−0.014%	$12.4M	$22.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7308	−0.068%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7311	−0.027%	$34.8M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7308	−0.066%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7311	−0.027%	$17.9M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7310	−0.041%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7300	−0.174%	$209K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7284	−0.393%	$2.1M	$392K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7288	−0.346%	$447K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDTshort	+0.0100%	1h	0.7295	−0.246%	$99K	$739K	50x
SunX ASTER-USDT	+0.0100%	4h	0.7317	+0.055%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7309	−0.055%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7303	−0.137%	$244K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7312	−0.014%	$366K	$654K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7293	−0.279%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0292%	1h	0.7318	+0.074%	$25.0M	$8.0M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7295	−0.242%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7311	−0.027%	$3.6M	$2.0M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0765%	1h	0.7313	+0.004%	$337K	$642K	20x	as long as short