Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Nado against Aster+0.007%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now +0.007%, 7d avg +0.027%

Together, before fees+0.287%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ASTERUSDT	0.7273	0	get 0.0000% / 4h	2h 55m	$52.3M	$112.5M	200x
Short	Nado ASTER-PERP	0.7273	0.0100	get 0.0012% / 1h	55m 59s	$340K	$287K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.007%Rate

Funding earned: $21
Price spread: +0.007% → +0.027%: −$1.96
Slippage, 4 orders: −$15.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.96
Costs to cover: 0.310%
Break-even: 11.0 days

Slippage from Aster: live order book, 3 min ago; Nado: live order book, 57 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, 3 min ago	1.38 bp	6.3 bp −$6	10.8 bp −$108	110.4 bp −$11.0K	doesn't fit
Sell Nado live order book, 57 min ago	0.82 bp	9.4 bp −$9	24.4 bp −$244	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	−0.0052%	1h	0.7272	−0.016%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7251	−0.298%	$270K	$1.2M	50x	as long as short
Aster ASTERUSDTlong	0.0000%	4h	0.7273	long leg	$52.3M	$112.5M	200x
dYdX ASTER-USD	0.0000%	1h	0.7270	−0.047%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7273	−0.003%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0032%	1h	0.7270	−0.041%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.609%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0060%	4h	0.7271	−0.027%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7274	+0.011%	$880K	$918K	5x	as long as short
Nado ASTER-PERPshort	+0.0100%	1h	0.7273	+0.007%	$340K	$287K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7274	+0.014%	$253K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7272	−0.018%	$90.0M	$122.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7270	−0.041%	$48.9M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7273	0.000%	$12.4M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7271	−0.027%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7270	−0.041%	$34.0M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7273	+0.004%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7273	0.000%	$17.7M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7272	−0.014%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7276	+0.044%	$210K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7271	−0.024%	$2.1M	$413K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7273	−0.005%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7257	−0.220%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7281	+0.110%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7271	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7274	+0.014%	$242K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7272	−0.014%	$362K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7268	−0.066%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0161%	1h	0.7280	+0.103%	$24.9M	$8.0M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0297%	1h	0.7275	+0.022%	$337K	$626K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7272	−0.012%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7276	+0.041%	$3.3M	$2.1M	75x	as long as short