Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Nado against Backpack−0.006%7-day average −0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

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

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.006%, 7d avg −0.002%

Together, before fees+0.265%+ Points / potential airdropNado: Active · farm board+$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7307	0.0100	pay 0.0013% / 1h	50m 05s	$214K	$485K	10x
Short	Nado ASTER-PERP	0.7306	0.0100	get 0.0012% / 1h	50m 05s	$366K	$249K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.002%: −$0.43
Slippage, 4 orders: −$14.01
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$31.44
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Backpack: live order book, 9 min ago; Nado: live order book, 8 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, 9 min ago	0.07 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 8 min ago	0.75 bp	9.0 bp −$9	25.0 bp −$250	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	−0.0072%	1h	0.7328	+0.283%	$277K	$884K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7304	−0.036%	$54.3M	$102.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7313	+0.080%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7305	−0.033%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7305	−0.022%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.137%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0078%	4h	0.7303	−0.053%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7308	+0.021%	$890K	$909K	5x	as long as short
Nado ASTER-PERPshort	+0.0100%	1h	0.7306	−0.006%	$366K	$249K	5x
Pacifica ASTER	+0.0100%	1h	0.7311	+0.054%	$254K	$73K	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	0.7293	−0.190%	$89.8M	$111.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7296	−0.149%	$48.5M	$23.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7295	−0.163%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7307	+0.001%	$6.3M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7307	+0.001%	$33.4M	$18.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7306	−0.019%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7308	+0.015%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7303	−0.053%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7307	long leg	$214K	$485K	10x
Variational Omni ASTER	+0.0100%	4h	0.7305	−0.030%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+0.412%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7340	+0.453%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7313	+0.083%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7304	−0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7312	+0.070%	$242K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7304	−0.045%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7336	+0.404%	$213K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7307	+0.001%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0167%	1h	0.7311	+0.057%	$25.3M	$6.5M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0282%	1h	0.7308	+0.020%	$336K	$492K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7304	−0.046%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7313	+0.083%	$3.5M	$1.8M	75x	as long as short