Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.060%

Price spread now: Gate against Coinbase International+0.052%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.052%, 7d avg +0.053%

Together, before fees+0.267%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7456	−0.0080	get 0.0010% / 1h	13m 05s	$265K	$853K	50x
Short	Gate ASTER_USDT	0.7460	0.0100	get 0.0050% / 4h	3h 13m	$6.5M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.052%Rate

Funding earned: $37.8
Price spread: +0.052% → +0.053%: −$0.12
Slippage, 4 orders: −$42.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.46
Costs to cover: 0.671%
Break-even: 12.5 days

Slippage from Coinbase International: live order book, 60 min ago; Gate: live order book, 5 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, 60 min ago	4.17 bp	13.6 bp −$14	17.3 bp −$173	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.34 bp	21.0 bp −$21	38.0 bp −$380	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	−0.0080%	1h	0.7456	long leg	$265K	$853K	50x
Aster ASTERUSDT	0.0000%	4h	0.7460	+0.049%	$56.5M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7459	+0.035%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7460	+0.048%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7460	+0.059%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.887%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7461	+0.061%	$342K	$496K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7459	+0.039%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7460	+0.059%	$920K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7457	+0.012%	$8K	$4K	10x	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	0.7460	+0.059%	$373K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7460	+0.050%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7458	+0.026%	$91.7M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7458	+0.025%	$49.7M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7460	+0.052%	$12.1M	$18.3M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7460	+0.052%	$6.5M	$5.3M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7460	+0.052%	$35.4M	$17.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7460	+0.054%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7458	+0.025%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7456	−0.001%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7458	+0.023%	$217K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7445	−0.144%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7458	+0.027%	$461K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7460	+0.052%	$67K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7467	+0.146%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7459	+0.039%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7454	−0.028%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7460	+0.049%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7455	−0.015%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0216%	1h	0.7464	+0.111%	$26.0M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7458	+0.027%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7460	+0.052%	$3.5M	$1.8M	75x	as long as short