Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.026%

Price spread now: Deribit against Orderly+0.005%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), 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	Orderly PERP_ASTER_USDC	0.7381	0.0100	pay 0.0050% / 4h	6m 40s	$14K	$845	10x
Short	Deribit ASTER_USDC-PERPETUAL	0.7381	0	get 0.0000% / 1h	6m 40s	$11K	$118K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$21
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.46
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 26 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 Deribit live order book, 26 min ago	4.93 bp	8.4 bp −$8	15.2 bp −$152	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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7365	−0.214%	$251K	$832K	50x	as long as short
Kraken Futures PF_ASTERUSD	−0.0116%	1h	0.7384	+0.040%	$286K	$417K	20x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7376	−0.064%	$57.2M	$99.1M	200x	as long as short
Deribit ASTER_USDC-PERPETUALshort	0.0000%	1h	0.7381	+0.005%	$11K	$118K	25x
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7382	+0.019%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7386	+0.068%	$9	$32K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7379	−0.034%	$891K	$806K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7383	+0.027%	$371K	$300K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7375	−0.076%	$251K	$106K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7373	−0.108%	$90.5M	$104.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7372	−0.122%	$48.9M	$21.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7375	−0.081%	$11.8M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7376	−0.068%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7371	−0.135%	$33.3M	$15.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7376	−0.072%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7373	−0.108%	$18.0M	$6.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7375	−0.081%	—	$9.4M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7383	+0.033%	$2.0M	$284K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7388	+0.089%	$459K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7393	+0.163%	$66K	$712K	50x	as long as short
Orderly PERP_ASTER_USDClong	+0.0100%	4h	0.7381	long leg	$14K	$845	10x
SunX ASTER-USDT	+0.0100%	4h	0.7387	+0.081%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7379	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7382	+0.014%	$240K	$111K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7389	+0.114%	$213K	$2.1M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7374	−0.095%	$381K	$640K	25x	as long as short
Backpack ASTER_USDC_PERP	+0.0192%	1h	0.7387	+0.076%	$281K	$294K	10x	as long as short
dYdX ASTER-USD	+0.0194%	1h	0.7381	−0.004%	$13K	$61	5x	as long as short
01 Exchange ASTERUSD	+0.0240%	1h	0.7387	+0.081%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7382	+0.015%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7377	−0.054%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0365%	1h	0.7384	+0.040%	$25.9M	$6.9M	5x	as long as short