Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0238%/8h= −26.0% APRpaid last 24h −0.063%

Price spread now: Orderly against GMX+0.027%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 Orderly

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. Orderly is 0.027% dearer against GMX than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ASTER/USD [WBTC.b-USDC]	0.7293	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	50m 13s	$28K	—	100x
Short	Orderly PERP_ASTER_USDC	0.7295	0.0066	get 0.0033% / 4h	3h 50m	$13K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.027%Rate

Funding earned: −$49.88
Price spread: +0.027% → 0.000%: $2.74
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$65.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	−0.0064%	1h	0.7298	+0.073%	$254K	$1.1M	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0052%	1h	0.7290	−0.043%	$11K	$72K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7298	+0.073%	$52.9M	$111.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7303	+0.131%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7297	+0.056%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.330%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0048%	1h	0.7299	+0.082%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0066%	4h	0.7295	+0.027%	$13K	$1K	10x
Lighter ASTER	+0.0096%	1h	0.7299	+0.082%	$883K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7299	+0.084%	$357K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7304	+0.148%	$24.9M	$7.9M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7305	+0.167%	$254K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7295	+0.027%	$89.7M	$121.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7296	+0.041%	$49.0M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7301	+0.110%	$12.4M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7295	+0.027%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7294	+0.014%	$34.0M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7299	+0.084%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7291	−0.027%	$17.8M	$7.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7295	+0.027%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7298	+0.062%	$211K	$496K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7295	+0.030%	$2.1M	$411K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7293	−0.004%	$459K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7298	+0.069%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7295	+0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7290	−0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7295	+0.027%	$243K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7293	−0.003%	$364K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7289	−0.048%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0206%	1h	0.7293	+0.003%	$341K	$608K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7293	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7286	−0.096%	$3.4M	$2.1M	75x	as long as short