Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h −0.148%

Price spread now: Coinbase International against BloFin−0.244%58s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.386% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.718%−$72 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.244%, 7d avg −0.047%

Together, before fees−0.535%−$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Coinbase International is 0.197% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASTER-USDT	0.7256	0.0340	pay 0.0170% / 4h	41m 30s	$3.5M	$2.1M	75x
Short	Coinbase International ASTER-PERP-INTX	0.7238	−0.0072	pay 0.0009% / 1h	41m 30s	$259K	$963K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.244%Rate

Funding earned: −$86.52
Price spread: −0.244% → −0.047%: −$19.74
Slippage, 4 orders: −$16.64
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$144.9
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Coinbase International: live order book, 17 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 BloFin live order book, 2 min ago	0.69 bp	6.7 bp −$7	14.0 bp −$140	41.3 bp −$4,135	doesn't fit
Sell Coinbase International live order book, 17 min ago	2.18 bp	14.1 bp −$14	21.9 bp −$219	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	−0.0371%	1h	0.7242	−0.193%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTXshort	−0.0072%	1h	0.7238	−0.244%	$259K	$963K	50x
01 Exchange ASTERUSD	−0.0032%	1h	0.7233	−0.317%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	−0.0018%	4h	0.7237	−0.262%	$53.7M	$108.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7240	−0.226%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7245	−0.150%	$30K	—	150x	as long as short
SoDEX ASTER-USD	+0.0011%	1h	0.7237	−0.262%	$13K	$8K	5x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.847%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0071%	4h	0.7245	−0.152%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7241	−0.203%	$876K	$919K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7242	−0.194%	$357K	$265K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7248	−0.116%	$25.1M	$6.7M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7241	−0.201%	$251K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7236	−0.280%	$88.9M	$116.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7239	−0.234%	$48.3M	$24.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7242	−0.193%	$12.1M	$19.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7242	−0.193%	$6.4M	$5.5M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7237	−0.262%	$32.8M	$18.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7239	−0.233%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7236	−0.276%	$17.7M	$7.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7238	−0.248%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7240	−0.218%	$215K	$492K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7228	−0.391%	$2.0M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7260	+0.055%	$456K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7262	+0.083%	$84K	$724K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7248	−0.110%	$2K	$1.7M	20x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7243	−0.179%	$241K	$134K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7240	−0.217%	$363K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7261	+0.070%	$210K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7244	−0.162%	$341K	$562K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7243	−0.182%	$27K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7256	long leg	$3.5M	$2.1M	75x