Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.083%

Price spread now: Coinbase International against Binance−0.193%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Binance 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 3 days (all we have)+0.026%+$3 · spread now −0.193%, 7d avg −0.049%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.144% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7471	0.0100	pay 0.0050% / 4h	51m 15s	$91.5M	$106.9M	75x
Short	Coinbase International ASTER-PERP-INTX	0.7457	−0.0136	pay 0.0017% / 1h	51m 15s	$261K	$847K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.193%Rate

Funding earned: −$49.56
Price spread: −0.193% → −0.049%: −$14.41
Slippage, 4 orders: −$21.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$105.32
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Coinbase International: live order book, 27 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 Binance live order book, 7 min ago	0.67 bp	6.9 bp −$7	11.8 bp −$118	64.5 bp −$6,451	doesn't fit
Sell Coinbase International live order book, 27 min ago	4.25 bp	12.9 bp −$13	17.4 bp −$174	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	−0.0136%	1h	0.7457	−0.193%	$261K	$847K	50x
Aster ASTERUSDT	0.0000%	4h	0.7471	+0.005%	$57.0M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7470	−0.016%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7472	+0.019%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7473	+0.021%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7477	+0.079%	$338K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.086%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7476	+0.065%	$926K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7473	+0.022%	$374K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7474	+0.039%	$256K	$107K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDTlong	+0.0100%	4h	0.7471	long leg	$91.5M	$106.9M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7469	−0.028%	$50.0M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7472	+0.012%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7472	+0.012%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7470	−0.015%	$34.6M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7471	0.000%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7472	+0.012%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7473	+0.025%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7467	−0.062%	$268K	$327K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7440	−0.410%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7457	−0.188%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7466	−0.068%	$67K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7470	−0.015%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7481	+0.132%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7473	+0.025%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7472	+0.012%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7471	+0.004%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7455	−0.220%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7476	+0.065%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7473	+0.024%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0307%	1h	0.7482	+0.141%	$26.0M	$6.8M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7469	−0.028%	$3.5M	$1.9M	75x	as long as short