ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.33 per $10,000 · paid last 24h +0.099%

Price spread now: Backpack against Coinbase International−0.058%52s7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as 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−$360.362% of the position

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.298%+$30 on $10k

Price spread, last 3 days (all we have)+0.182%+$18 · spread now −0.058%, 7d avg +0.092%

Together, before fees+0.480%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.150% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.092%). If the spread goes back, that is −$15 on $10k: about 46 hours of funding at the current rate (+$8 a day). The two prices were read 52 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	Coinbase International ASTER-PERP-INTX	0.7400	−0.0160	get 0.0020% / 1h	44m 17s	$252K	$832K	50x
Short	Backpack ASTER_USDC_PERP	0.7396	0.0100	get 0.0013% / 1h	44m 17s	$265K	$322K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now −0.058%Rate

Funding earned: $54.6
Price spread: −0.058% → +0.092%: −$14.97
Slippage, 4 orders: −$16.15
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $3.48
Costs to cover: 0.362%
Break-even: 6.6 days

Slippage from Coinbase International: live order book, 44 min ago; Backpack: live order book, 44 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 Coinbase International live order book, 44 min ago	2.43 bp	10.9 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit
Sell Backpack live order book, 44 min ago	0.07 bp	5.9 bp −$6	doesn't fit	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-INTXlong	−0.0160%	1h	0.7400	long leg	$252K	$832K	50x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.312%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7400	−0.006%	$56.8M	$99.7M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7402	+0.031%	$11K	$102K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	+0.015%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0007%	1h	0.7405	+0.063%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7403	+0.034%	$909K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0097%	4h	0.7400	−0.001%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7400	+0.002%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7401	+0.018%	$254K	$109K	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	0.7399	−0.015%	$90.7M	$105.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7400	−0.001%	$49.3M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7401	+0.012%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7400	−0.001%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7400	−0.001%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7401	+0.014%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7401	+0.012%	$18.1M	$6.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7401	+0.012%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7396	−0.058%	$265K	$322K	10x
Variational Omni ASTER	+0.0100%	4h	0.7393	−0.102%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7393	−0.100%	$457K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7395	−0.069%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7408	+0.107%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7398	−0.028%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7399	−0.015%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7400	−0.004%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7391	−0.119%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7403	+0.039%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7402	+0.022%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7402	+0.019%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7396	−0.055%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0467%	1h	0.7413	+0.169%	$26.0M	$6.8M	5x	as long as short