Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.037%

Price spread now: GMX against BloFin−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.038% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASTER-USDT	0.7188	0.0340	pay 0.0170% / 4h	48m 31s	$3.6M	$1.8M	75x
Short	GMX ASTER/USD [WBTC.b-USDC]	0.7185	L +0.0302% / S −0.0219%	get 0.0027% / 1h	48m 31s	$27K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$25.32
Price spread: −0.038% → 0.000%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$53.13
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	0.69 bp	6.7 bp −$7	13.7 bp −$137	45.6 bp −$4,560	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ASTER on 32 exchanges

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	−0.0008%	1h	0.7185	−0.046%	$247K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7195	+0.095%	$49.7M	$104.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7199	+0.154%	$14K	$4K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7182	−0.086%	$11K	$41K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7183	−0.066%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.810%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0055%	4h	0.7180	−0.111%	$13K	$2K	10x	as long as short
Extended ASTER-USD	+0.0072%	1h	0.7193	+0.072%	$362K	$599K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7205	+0.231%	$934K	$516K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7194	+0.086%	$346K	$236K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7205	+0.231%	$25.0M	$6.8M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7199	+0.157%	$263K	$105K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7193	+0.076%	$91.9M	$124.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7188	0.000%	$48.8M	$25.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7188	0.000%	$12.4M	$20.8M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7198	+0.139%	$6.4M	$4.4M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7199	+0.153%	$31.3M	$22.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7196	+0.110%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7191	+0.042%	$17.6M	$7.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7192	+0.056%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7194	+0.079%	$210K	$458K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7189	+0.008%	$2.0M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7191	+0.041%	$449K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7198	+0.139%	$46K	$748K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7197	+0.125%	$2K	$1.5M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7194	+0.083%	$13K	$6K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7186	−0.028%	$247K	$170K	20x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7190	+0.024%	$209K	$2.1M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7192	+0.056%	$6K	$7K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0229%	1h	0.7190	+0.030%	$335K	$645K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]short	L +0.0302% / S −0.0219%	1h	0.7185	−0.038%	$27K	—	100x
BloFin ASTER-USDTlong	+0.0340%	4h	0.7188	long leg	$3.6M	$1.8M	75x