Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.046%

Price spread now: Coinbase International against Aster−0.114%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.114%, 7d avg −0.066%

Together, before fees−0.332%+ Points / potential airdropAster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.049% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ASTERUSDT	0.7271	0	get 0.0000% / 4h	3h 59m	$52.8M	$110.7M	200x
Short	Coinbase International ASTER-PERP-INTX	0.7262	−0.0072	pay 0.0009% / 1h	59m 36s	$256K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$15.12
Price spread: −0.114% → −0.066%: −$4.87
Slippage, 4 orders: −$19.16
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.15
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Coinbase International: live order book, 4 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 Aster live order book, 5 min ago	0.69 bp	6.1 bp −$6	11.1 bp −$111	98.8 bp −$9,882	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.66 bp	13.9 bp −$14	20.1 bp −$201	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	−0.0072%	1h	0.7262	−0.114%	$256K	$1.1M	50x
01 Exchange ASTERUSD	−0.0016%	1h	0.7274	+0.048%	$8K	$4K	10x	as long as short
Aster ASTERUSDTlong	0.0000%	4h	0.7271	long leg	$52.8M	$110.7M	200x
dYdX ASTER-USD	0.0000%	1h	0.7269	−0.026%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7266	−0.062%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7265	−0.076%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.644%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7262	−0.117%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7275	+0.056%	$880K	$917K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7261	−0.125%	$353K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7276	+0.078%	$24.8M	$7.8M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7275	+0.062%	$253K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7274	+0.048%	$89.4M	$120.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7277	+0.089%	$48.8M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7277	+0.089%	$12.3M	$19.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7272	+0.021%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7277	+0.089%	$33.4M	$19.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7272	+0.023%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7274	+0.048%	$17.8M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7274	+0.048%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7267	−0.044%	$208K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7245	−0.348%	$2.1M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7247	−0.329%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7244	−0.365%	$98K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7269	−0.021%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7264	−0.089%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7261	−0.131%	$241K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7273	+0.034%	$363K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7240	−0.417%	$210K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0284%	1h	0.7270	−0.006%	$344K	$586K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7264	−0.083%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7250	−0.282%	$3.5M	$2.1M	75x	as long as short