Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.009%

Price spread now: HTX against Backpack+0.063%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1581.581% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.063%, 7d avg −0.047%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.110% dearer against Backpack than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7447	−0.0027	get 0.0003% / 1h	57m 16s	$216K	$401K	10x
Short	HTX ASTER-USDT	0.7452	0.0100	get 0.0050% / 4h	3h 57m	$244K	$119K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Backpack. 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 BackpackbpFee HTXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $26.65
Price spread: +0.063% → −0.047%: $10.97
Slippage, 4 orders: −$136.12
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$120.51
Costs to cover: 1.581%
Break-even: 38.7 days

Slippage from Backpack: live order book, 16 min ago; HTX: live order book, 14 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 Backpack live order book, 16 min ago	0.07 bp	5.3 bp −$5	78.7 bp −$787	doesn't fit	doesn't fit
Sell HTX live order book, 14 min ago	6.05 bp	57.1 bp −$57	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
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7450	+0.038%	$265K	$866K	50x	as long as short
Backpack ASTER_USDC_PERPlong	−0.0027%	1h	0.7447	long leg	$216K	$401K	10x
Deribit ASTER_USDC-PERPETUAL	−0.0005%	1h	0.7450	+0.036%	$11K	$86K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7450	+0.036%	$56.6M	$101.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7454	+0.088%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7453	+0.075%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.769%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7454	+0.096%	$344K	$499K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7454	+0.087%	$923K	$872K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7456	+0.117%	$8K	$4K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ASTER_USDC	+0.0097%	4h	0.7450	+0.036%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7452	+0.070%	$373K	$267K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7452	+0.068%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7449	+0.023%	$91.4M	$107.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7449	+0.023%	$49.8M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7451	+0.050%	$12.1M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7452	+0.063%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7450	+0.036%	$35.1M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7449	+0.028%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7451	+0.050%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7452	+0.063%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7444	−0.038%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7448	+0.008%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7453	+0.077%	$66K	$718K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7459	+0.157%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7450	+0.036%	$13K	$8K	5x	as long as short
HTX ASTER-USDTshort	+0.0100%	4h	0.7452	+0.063%	$244K	$119K	20x
edgeX ASTERUSDC	+0.0103%	4h	0.7450	+0.040%	$215K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7451	+0.051%	$374K	$641K	25x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7452	+0.064%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0324%	1h	0.7460	+0.168%	$25.9M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7447	−0.004%	$3.5M	$1.9M	75x	as long as short