Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h +0.151%

Price spread now: BloFin against Coinbase International+0.024%58s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as 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−$430.431% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.705%+$70 on $10k

Price spread, last 3 days (all we have)+0.156%+$16 · spread now +0.024%, 7d avg +0.047%

Together, before fees+0.861%+$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.047%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). 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	Coinbase International ASTER-PERP-INTX	0.7393	−0.0136	get 0.0017% / 1h	27m 43s	$260K	$842K	50x
Short	BloFin ASTER-USDT	0.7395	0.0340	get 0.0170% / 4h	1h 27m	$3.4M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.024%Rate

Funding earned: $99.96
Price spread: +0.024% → +0.047%: −$2.29
Slippage, 4 orders: −$21.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $54.6
Costs to cover: 0.431%
Break-even: 3.2 days

Slippage from Coinbase International: live order book, 56 min ago; BloFin: live order book, 6 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, 56 min ago	4.44 bp	13.5 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	3.38 bp	9.4 bp −$9	14.4 bp −$144	43.4 bp −$4,340	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	−0.0136%	1h	0.7393	long leg	$260K	$842K	50x
Deribit ASTER_USDC-PERPETUAL	−0.0034%	1h	0.7386	−0.099%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7388	−0.070%	$56.5M	$99.9M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7388	−0.068%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.227%	$9	$96K	5.5x	as long as short
dYdX ASTER-USD	+0.0088%	1h	0.7385	−0.110%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7390	−0.039%	$912K	$868K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7402	+0.115%	$371K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7388	−0.072%	$253K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7385	−0.108%	$90.4M	$107.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7388	−0.070%	$49.4M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7389	−0.057%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7386	−0.097%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7387	−0.084%	$34.2M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7387	−0.085%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7388	−0.070%	$18.1M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7390	−0.043%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7385	−0.112%	$262K	$325K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7384	−0.130%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7386	−0.103%	$454K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7405	+0.160%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7388	−0.070%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7406	+0.173%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7384	−0.124%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7395	+0.024%	$242K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7401	+0.108%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7391	−0.025%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7403	+0.133%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7387	−0.082%	$280K	$428K	20x	as long as short
Hyperliquid ASTER	+0.0160%	1h	0.7397	+0.049%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7386	−0.099%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7395	+0.024%	$3.4M	$1.9M	75x