Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h −0.054%

Price spread now: Binance against GMX−0.050%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.050% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7472	L +0.0306% / S −0.0215%	pay 0.0038% / 1h	8m 40s	$28K	—	100x
Short	Binance ASTERUSDT	0.7468	0.0100	get 0.0050% / 4h	3h 08m	$91.9M	$107.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: −$43.19
Price spread: −0.050% → 0.000%: −$5.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.67 bp	8.1 bp −$8	15.5 bp −$155	60.7 bp −$6,075	283.2 bp −$141.6K

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-INTX	−0.0080%	1h	0.7456	−0.210%	$265K	$852K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7471	−0.005%	$56.6M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7470	−0.026%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7472	−0.002%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0009%	1h	0.7472	+0.005%	$33K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−1.094%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7475	+0.046%	$343K	$496K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0096%	4h	0.7476	+0.057%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7471	−0.005%	$921K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7471	−0.010%	$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	0.7473	+0.023%	$374K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7470	−0.021%	$256K	$68K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7468	−0.050%	$91.9M	$107.6M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7466	−0.077%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7468	−0.050%	$12.2M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7473	+0.017%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7468	−0.050%	$35.6M	$17.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7468	−0.056%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7468	−0.050%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7465	−0.090%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7473	+0.014%	$218K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.274%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7461	−0.151%	$463K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7453	−0.251%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7479	+0.097%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7470	−0.024%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7471	−0.010%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7469	−0.041%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7453	−0.253%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0221%	1h	0.7479	+0.102%	$26.0M	$6.4M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0306% / S −0.0215%	1h	0.7472	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7473	+0.017%	$3.5M	$1.8M	75x	as long as short