Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.004%

Price spread now: Orderly against SoDEX−0.027%7-day average — · you buy dearer than you sell

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

Long on SoDEX 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—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.027% cheaper against SoDEX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ASTER-USD	0.7374	0.0100	pay 0.0013% / 1h	50m 44s	$13K	$8K	5x
Short	Orderly PERP_ASTER_USDC	0.7372	0.0057	get 0.0029% / 4h	1h 50m	$13K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SoDEX. 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 SoDEXbpFee OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: −$8.98
Price spread: −0.027% → 0.000%: −$2.71
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$25.69
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

SoDEX and 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	−0.0024%	1h	0.7370	−0.057%	$263K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7375	+0.008%	$52.8M	$116.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7362	−0.166%	$15K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7374	−0.001%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7372	−0.025%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.217%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0042%	1h	0.7380	+0.077%	$344K	$666K	20x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0057%	4h	0.7372	−0.027%	$13K	$1K	10x
Lighter ASTER	+0.0096%	1h	0.7379	+0.066%	$893K	$952K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7364	−0.129%	$341K	$297K	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	0.7366	−0.113%	$261K	$111K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7375	+0.010%	$93.2M	$130.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7373	−0.014%	$49.6M	$26.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7377	+0.041%	$12.6M	$22.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7374	0.000%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7373	−0.014%	$35.5M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7373	−0.009%	$10.9M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7374	0.000%	$18.0M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7373	−0.014%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7370	−0.050%	$2.1M	$393K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7368	−0.081%	$455K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7370	−0.054%	$100K	$737K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7382	+0.108%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USDlong	+0.0100%	1h	0.7374	long leg	$13K	$8K	5x
HTX ASTER-USDT	+0.0100%	4h	0.7364	−0.136%	$246K	$201K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7373	−0.013%	$369K	$648K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7366	−0.114%	$215K	$2.2M	10x	as long as short
01 Exchange ASTERUSD	+0.0192%	1h	0.7370	−0.054%	$6K	$7K	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0284%	1h	0.7381	+0.100%	$210K	$500K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7373	−0.017%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0310%	1h	0.7383	+0.129%	$25.2M	$8.2M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7377	+0.041%	$3.6M	$2.1M	75x	as long as short