Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Backpack against ApeX Omni−0.220%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.220%, 7d avg +0.016%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.235% cheaper against ApeX Omni than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ASTERUSDT	0.7420	0.0100	pay 0.0013% / 1h	32m 37s	$66K	$715K	50x
Short	Backpack ASTER_USDC_PERP	0.7404	0.0100	get 0.0013% / 1h	32m 37s	$265K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now −0.220%Rate

Funding earned: $0
Price spread: −0.220% → +0.016%: −$23.54
Slippage, 4 orders: −$20.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$63.75
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; Backpack: live order book, 55 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 ApeX Omni live order book, 56 min ago	5.40 bp	14.0 bp −$14	58.0 bp −$580	doesn't fit	doesn't fit
Sell Backpack live order book, 55 min ago	0.07 bp	5.9 bp −$6	doesn't fit	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
Deribit ASTER_USDC-PERPETUAL	−0.0168%	1h	0.7405	−0.206%	$11K	$87K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7399	−0.282%	$251K	$832K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	−0.135%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7404	−0.216%	$56.8M	$99.7M	200x	as long as short
dYdX ASTER-USD	+0.0004%	1h	0.7410	−0.138%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7407	−0.173%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7409	−0.146%	$910K	$845K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7409	−0.148%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7410	−0.128%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7408	−0.166%	$254K	$108K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7405	−0.202%	$90.7M	$106.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7405	−0.202%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7404	−0.216%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7407	−0.175%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7404	−0.216%	$34.1M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7408	−0.167%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7406	−0.189%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7405	−0.202%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7404	−0.220%	$265K	$323K	10x
Variational Omni ASTER	+0.0100%	4h	0.7403	−0.226%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7411	−0.121%	$463K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDTlong	+0.0100%	1h	0.7420	long leg	$66K	$715K	50x
SunX ASTER-USDT	+0.0100%	4h	0.7411	−0.121%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7404	−0.216%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7414	−0.081%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7404	−0.214%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0118%	4h	0.7407	−0.181%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7409	−0.148%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7408	−0.163%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7405	−0.207%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7404	−0.216%	$3.4M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0493%	1h	0.7416	−0.058%	$26.0M	$6.8M	5x	as long as short