Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.064%

Price spread now: Bybit against GMX+0.118%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Bybit

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

The price spread pays, funding is against you. Bybit is 0.118% dearer against GMX than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7465	L +0.0305% / S −0.0215%	pay 0.0038% / 1h	51m 48s	$28K	—	100x
Short	Bybit ASTERUSDT	0.7474	0.0100	get 0.0050% / 4h	51m 48s	$50.0M	$21.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$43.06
Price spread: +0.118% → 0.000%: $11.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$54.23
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.67 bp	6.3 bp −$6	36.6 bp −$366	206.6 bp −$20.7K	doesn't fit

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	−0.0136%	1h	0.7457	−0.113%	$261K	$847K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7472	+0.091%	$57.0M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7473	+0.100%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7465	−0.001%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7465	−0.007%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7469	+0.057%	$337K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.007%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7478	+0.167%	$926K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7465	−0.008%	$374K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7471	+0.080%	$256K	$107K	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	+0.091%	$91.5M	$106.9M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7474	+0.118%	$50.0M	$21.9M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7474	+0.118%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7471	+0.078%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7473	+0.105%	$34.5M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7473	+0.102%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7472	+0.091%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7472	+0.091%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7467	+0.018%	$268K	$327K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7440	−0.331%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7457	−0.108%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7438	−0.364%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7468	+0.038%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7475	+0.132%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7465	−0.002%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7460	−0.069%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7470	+0.069%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7455	−0.141%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7471	+0.078%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0305% / S −0.0215%	1h	0.7465	long leg	$28K	—	100x
Hyperliquid ASTER	+0.0312%	1h	0.7481	+0.207%	$26.0M	$6.8M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7461	−0.056%	$3.5M	$1.9M	75x	as long as short