Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0248%/8h= −27.2% APRpaid last 24h −0.087%

Price spread now: Coinbase International against edgeX+0.018%77s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$400.401% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.018%, 7d avg −0.001%

Together, before fees−0.388%+ Points / potential airdropedgeX: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 77 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	edgeX ASTERUSDC	0.7471	0.0112	pay 0.0056% / 4h	47m 48s	$215K	$1.9M	10x
Short	Coinbase International ASTER-PERP-INTX	0.7472	−0.0136	pay 0.0017% / 1h	47m 48s	$259K	$851K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$52.18
Price spread: +0.018% → −0.001%: $1.89
Slippage, 4 orders: −$21.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$90.35
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Coinbase International: live order book, 30 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 edgeX live order book, 1 min ago	2.01 bp	6.5 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell Coinbase International live order book, 30 min ago	4.25 bp	12.9 bp −$13	17.4 bp −$174	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-INTXshort	−0.0136%	1h	0.7472	+0.018%	$259K	$851K	50x
Aster ASTERUSDT	0.0000%	4h	0.7474	+0.049%	$57.1M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7467	−0.050%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7474	+0.046%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7474	+0.037%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7477	+0.084%	$338K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.081%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7478	+0.096%	$926K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7474	+0.043%	$375K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7473	+0.025%	$256K	$106K	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	0.7472	+0.017%	$91.5M	$107.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7471	+0.003%	$50.0M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7474	+0.043%	$12.1M	$18.8M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7474	+0.043%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7478	+0.097%	$35.1M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7477	+0.077%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7473	+0.030%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7472	+0.017%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7476	+0.063%	$268K	$328K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7471	+0.004%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7473	+0.030%	$460K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7471	+0.003%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7470	−0.010%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7481	+0.137%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7474	+0.043%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7470	−0.010%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7470	−0.011%	$380K	$635K	25x	as long as short
edgeX ASTERUSDClong	+0.0112%	4h	0.7471	long leg	$215K	$1.9M	10x
01 Exchange ASTERUSD	+0.0176%	1h	0.7478	+0.097%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7474	+0.040%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0321%	1h	0.7482	+0.149%	$26.0M	$6.8M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7468	−0.037%	$3.5M	$1.9M	75x	as long as short