Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.070%

Price spread now: KuCoin against Coinbase International−0.234%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 3 days (all we have)+0.358%+$36 · spread now −0.234%, 7d avg +0.054%

Together, before fees+0.570%+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.288% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of +0.054%). If the spread goes back, that is −$29 on $10k: about 4.1 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.212% in total) that is about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ASTER-PERP-INTX	0.7466	−0.0136	get 0.0017% / 1h	20m 44s	$261K	$857K	50x
Short	KuCoin ASTERUSDTM	0.7449	0.0100	get 0.0050% / 4h	20m 44s	$11.1M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.234%Rate

Funding earned: $49.56
Price spread: −0.234% → +0.054%: −$28.82
Slippage, 4 orders: −$40.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.94
Costs to cover: 0.627%
Break-even: 12.9 days

Slippage from Coinbase International: live order book, 58 min ago; KuCoin: live order book, 3 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, 58 min ago	4.25 bp	14.1 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	5.24 bp	15.1 bp −$15	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	−0.0136%	1h	0.7466	long leg	$261K	$857K	50x
Aster ASTERUSDT	0.0000%	4h	0.7445	−0.284%	$56.7M	$100.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7444	−0.299%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7440	−0.346%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7445	−0.287%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7444	−0.294%	$336K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.018%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7453	−0.179%	$923K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7446	−0.271%	$373K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7455	−0.144%	$255K	$104K	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	0.7447	−0.248%	$91.2M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7445	−0.281%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7442	−0.321%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7450	−0.214%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7450	−0.214%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7449	−0.234%	$11.1M	$3.1M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7450	−0.214%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7448	−0.241%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7440	−0.343%	$226K	$390K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7443	−0.301%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7439	−0.363%	$461K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7444	−0.295%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7443	−0.308%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7466	0.000%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7440	−0.348%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7456	−0.134%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7447	−0.260%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7438	−0.373%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7451	−0.201%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7444	−0.296%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7442	−0.321%	$3.5M	$1.9M	75x	as long as short
Hyperliquid ASTER	+0.0350%	1h	0.7455	−0.143%	$25.9M	$6.9M	5x	as long as short