Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Variational Omni against Orderly+0.063%48s7-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 Variational Omni

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 airdropVariational Omni: 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: Variational Omni is 0.063% dearer against Orderly than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Orderly PERP_ASTER_USDC	0.7392	0.0100	pay 0.0050% / 4h	1h 31m	$14K	$845	10x
Short	Variational Omni ASTER	0.7397	0.0100	get 0.0050% / 4h	1h 31m	$2.1M	$366K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → 0.000%: $6.29
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.29
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	4.06 bp	doesn't fit	44.6 bp −$446	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	0.7393	+0.016%	$260K	$842K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7388	−0.059%	$56.5M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7394	+0.022%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7387	−0.062%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.244%	$9	$96K	5.5x	as long as short
dYdX ASTER-USD	+0.0092%	1h	0.7394	+0.028%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7392	+0.005%	$911K	$859K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7386	−0.074%	$370K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7391	−0.019%	$253K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7385	−0.095%	$90.5M	$106.8M	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	0.7384	−0.108%	$49.4M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7387	−0.068%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7389	−0.041%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7388	−0.054%	$34.1M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7385	−0.097%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7384	−0.108%	$18.1M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7385	−0.095%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7392	−0.003%	$262K	$325K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7397	+0.063%	$2.1M	$366K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7396	+0.057%	$455K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7405	+0.176%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDClong	+0.0100%	4h	0.7392	long leg	$14K	$845	10x
SunX ASTER-USDT	+0.0100%	4h	0.7402	+0.135%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7393	+0.014%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7395	+0.041%	$242K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7401	+0.124%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7385	−0.098%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7390	−0.027%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7397	+0.063%	$280K	$428K	20x	as long as short
Hyperliquid ASTER	+0.0159%	1h	0.7394	+0.029%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7385	−0.095%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7395	+0.041%	$3.4M	$1.9M	75x	as long as short