Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.091%

Price spread now: Coinbase International against SunX−0.097%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2532.532% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.322%−$32 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now −0.097%, 7d avg −0.167%

Together, before fees−0.446%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.071% dearer against SunX than usual: you sell high and buy low (spread −0.097% now, against its 7-day average of −0.167%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ASTER-USDT	0.7449	0.0100	pay 0.0050% / 4h	2h 20m	$2K	$1.7M	20x
Short	Coinbase International ASTER-PERP-INTX	0.7442	−0.0160	pay 0.0020% / 1h	20m 30s	$252K	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$54.6
Price spread: −0.097% → −0.167%: $7.06
Slippage, 4 orders: −$235.18
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$300.72
Costs to cover: 2.532%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Coinbase International: live order book, 3 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 SunX live order book, 5 min ago	30.86 bp	106.7 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.44 bp	9.6 bp −$10	14.8 bp −$148	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
Coinbase International ASTER-PERP-INTXshort	−0.0160%	1h	0.7442	−0.097%	$252K	$832K	50x
Deribit ASTER_USDC-PERPETUAL	−0.0072%	1h	0.7443	−0.075%	$11K	$87K	25x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	−0.524%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7439	−0.134%	$57.0M	$99.8M	200x	as long as short
dYdX ASTER-USD	+0.0003%	1h	0.7440	−0.124%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7442	−0.087%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7448	−0.015%	$915K	$846K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7443	−0.081%	$370K	$278K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7445	−0.049%	$255K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7441	−0.102%	$91.3M	$106.3M	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	0.7443	−0.081%	$49.7M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7443	−0.081%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7444	−0.067%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7440	−0.121%	$34.2M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7440	−0.128%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7440	−0.121%	$18.2M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7440	−0.121%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7445	−0.058%	$266K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7442	−0.097%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7440	−0.121%	$465K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7438	−0.148%	$66K	$715K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7448	−0.013%	$14K	$845	10x	as long as short
SunX ASTER-USDTlong	+0.0100%	4h	0.7449	long leg	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7441	−0.107%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7439	−0.134%	$243K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7443	−0.079%	$378K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7438	−0.144%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0160%	1h	0.7446	−0.040%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0261%	1h	0.7445	−0.053%	$286K	$420K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7442	−0.091%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7436	−0.175%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0486%	1h	0.7452	+0.038%	$26.1M	$6.7M	5x	as long as short