Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.036%

Price spread now: Deribit against Variational Omni−0.037%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.037% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 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	Variational Omni ASTER	0.7335	0.0100	pay 0.0050% / 4h	3h 56m	$2.1M	$398K	—
Short	Deribit ASTER_USDC-PERPETUAL	0.7332	−0.0132	pay 0.0016% / 1h	56m 39s	$11K	$56K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$48.66
Price spread: −0.037% → 0.000%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.36
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Deribit: 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 Variational Omni RFQ quote, 2 min ago	4.09 bp	doesn't fit	20.5 bp −$205	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
GRVT ASTER_USDT_Perp	−0.0144%	4h	0.7328	−0.093%	$449K	$4.1M	10x	as long as short
Deribit ASTER_USDC-PERPETUALshort	−0.0132%	1h	0.7332	−0.037%	$11K	$56K	25x
Bybit ASTERUSDT	−0.0041%	4h	0.7325	−0.136%	$49.5M	$26.3M	75x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7328	−0.096%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7326	−0.127%	$51.6M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7336	+0.010%	$14K	$1K	5x	as long as short
Gate ASTER_USDT	0.0000%	4h	0.7330	−0.068%	$6.3M	$5.7M	75x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7333	−0.031%	$24K	—	150x	as long as short
Extended ASTER-USD	+0.0016%	1h	0.7326	−0.128%	$367K	$654K	25x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7330	−0.061%	$254K	$1.3M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.750%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0080%	4h	0.7331	−0.055%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0095%	1h	0.7339	+0.049%	$337K	$641K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7333	−0.029%	$887K	$913K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7329	−0.080%	$346K	$292K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7339	+0.049%	$25.1M	$8.1M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7331	−0.060%	$258K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7325	−0.143%	$92.5M	$130.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7323	−0.164%	$12.4M	$22.4M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7329	−0.082%	$34.9M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7333	−0.029%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7324	−0.150%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7325	−0.136%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7339	+0.057%	$210K	$475K	10x	as long as short
Variational Omni ASTERlong	+0.0100%	4h	0.7335	long leg	$2.1M	$398K	—
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7331	−0.055%	$112K	$748K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7343	+0.109%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7333	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7333	−0.027%	$245K	$203K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7329	−0.083%	$213K	$2.2M	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7333	−0.027%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7337	+0.027%	$3.6M	$2.1M	75x	as long as short