Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.065%

Price spread now: Binance against Coinbase International0.000%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now 0.000%, 7d avg +0.050%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.051% cheaper against Coinbase International than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.050%). If the spread goes back, that is −$5 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7312	0.0016	pay 0.0002% / 1h	14m 58s	$253K	$1.3M	50x
Short	Binance ASTERUSDT	0.7312	0.0100	get 0.0050% / 4h	3h 14m	$92.4M	$128.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $17.64
Price spread: 0.000% → +0.050%: −$5.05
Slippage, 4 orders: −$21.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.27
Costs to cover: 0.419%
Break-even: 18.6 days

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 13 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, 3 min ago	4.11 bp	14.8 bp −$15	21.5 bp −$215	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.69 bp	7.9 bp −$8	20.8 bp −$208	67.3 bp −$6,727	245.4 bp −$122.7K

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
Aster ASTERUSDT	0.0000%	4h	0.7311	−0.019%	$51.2M	$111.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7317	+0.062%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7314	+0.022%	$11K	$55K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7314	+0.022%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTXlong	+0.0016%	1h	0.7312	long leg	$253K	$1.3M	50x
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.061%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7317	+0.063%	$6K	$7K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0079%	4h	0.7310	−0.033%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0095%	1h	0.7318	+0.081%	$336K	$605K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7318	+0.075%	$888K	$921K	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	0.7313	+0.011%	$346K	$275K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7317	+0.064%	$258K	$110K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7312	0.000%	$92.4M	$128.9M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7312	−0.005%	$49.7M	$26.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7314	+0.022%	$12.4M	$22.1M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7315	+0.036%	$6.3M	$5.8M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7312	−0.005%	$35.2M	$21.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7313	+0.004%	$11.1M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7314	+0.022%	$17.9M	$8.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7312	−0.005%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7316	+0.045%	$211K	$467K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7310	−0.027%	$2.1M	$421K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7305	−0.100%	$450K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7299	−0.183%	$111K	$726K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7323	+0.145%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7314	+0.022%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7309	−0.046%	$244K	$164K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7293	−0.268%	$213K	$2.2M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7313	+0.010%	$365K	$652K	25x	as long as short
Hyperliquid ASTER	+0.0125%	1h	0.7322	+0.137%	$25.1M	$7.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7313	+0.006%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7309	−0.046%	$3.6M	$2.0M	75x	as long as short