Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.087%

Price spread now: MEXC against Coinbase International+0.039%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 3 days (all we have)+0.095%+$10 · spread now +0.039%, 7d avg +0.050%

Together, before fees+0.353%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$8 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	0.7407	−0.0160	get 0.0020% / 1h	9m 55s	$251K	$828K	50x
Short	MEXC ASTER_USDT	0.7410	0.0100	get 0.0050% / 4h	2h 09m	$34.0M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $54.6
Price spread: +0.039% → +0.050%: −$1.07
Slippage, 4 orders: −$15.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $27.66
Costs to cover: 0.259%
Break-even: 3.5 days

Slippage from Coinbase International: live order book, 13 min ago; MEXC: live order book, 9 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, 13 min ago	4.44 bp	13.5 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	0.67 bp	1.9 bp −$2	6.9 bp −$69	26.6 bp −$2,660	136.5 bp −$68.2K

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	0.7407	long leg	$251K	$828K	50x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	+0.039%	$9	$96K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0020%	1h	0.7413	+0.077%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7406	−0.013%	$56.7M	$99.9M	200x	as long as short
dYdX ASTER-USD	+0.0002%	1h	0.7406	−0.008%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7413	+0.082%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7417	+0.131%	$913K	$852K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7411	+0.053%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7413	+0.086%	$370K	$275K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7410	+0.039%	$254K	$108K	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	0.7410	+0.041%	$90.9M	$106.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7409	+0.026%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7411	+0.053%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7410	+0.039%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7410	+0.039%	$34.0M	$16.3M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7411	+0.058%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7411	+0.053%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7407	−0.001%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7413	+0.076%	$265K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7410	+0.043%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7418	+0.148%	$456K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7434	+0.363%	$66K	$717K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7420	+0.174%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7412	+0.066%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7408	+0.012%	$242K	$118K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7429	+0.298%	$214K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7413	+0.082%	$378K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7413	+0.080%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7417	+0.137%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7414	+0.090%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7413	+0.080%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0476%	1h	0.7419	+0.157%	$26.0M	$6.6M	5x	as long as short