Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h +0.035%

Price spread now: GMX against Bybit−0.063%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. GMX is 0.063% cheaper against Bybit than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7274	0.0100	pay 0.0050% / 4h	10m 05s	$49.5M	$25.2M	75x
Short	GMX ASTER/USD [WBTC.b-USDC]	0.7269	L +0.0303% / S −0.0219%	get 0.0027% / 1h	10m 05s	$27K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $25.08
Price spread: −0.063% → 0.000%: −$6.32
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.24
Costs to cover: 0.230%
Break-even: 8.2 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.38 bp	14.3 bp −$14	44.7 bp −$447	doesn't fit	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
Deribit ASTER_USDC-PERPETUAL	−0.0011%	1h	0.7269	−0.062%	$11K	$41K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0008%	1h	0.7267	−0.102%	$247K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7276	+0.026%	$50.2M	$103.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7270	−0.056%	$14K	$4K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7270	−0.058%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.595%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0062%	4h	0.7276	+0.027%	$20K	$9K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7276	+0.033%	$946K	$521K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7270	−0.050%	$349K	$235K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7276	+0.025%	$25.2M	$6.8M	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7273	−0.018%	$265K	$106K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7275	+0.014%	$93.3M	$123.4M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7274	long leg	$49.5M	$25.2M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7275	+0.014%	$12.6M	$21.1M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7272	−0.027%	$6.5M	$4.4M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7270	−0.055%	$32.0M	$22.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7271	−0.034%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7270	−0.055%	$17.8M	$7.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7270	−0.055%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7276	+0.027%	$217K	$460K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7264	−0.144%	$2.1M	$402K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7266	−0.110%	$450K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7268	−0.082%	$46K	$745K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7275	+0.014%	$3K	$1.5M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7270	−0.055%	$13K	$6K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7271	−0.041%	$250K	$171K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7268	−0.089%	$364K	$599K	25x	as long as short
edgeX ASTERUSDC	+0.0120%	4h	0.7263	−0.154%	$223K	$2.1M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7271	−0.041%	$6K	$7K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7274	−0.001%	$337K	$658K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]short	L +0.0303% / S −0.0219%	1h	0.7269	−0.063%	$27K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7269	−0.069%	$3.7M	$1.9M	75x	as long as short