Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0204%/8h= −22.4% APRpaid last 24h −0.067%

Price spread now: Variational Omni against GMX−0.029%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.029% cheaper against GMX than usual: you would sell low and buy high (−$3 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]	0.7335	L +0.0304% / S −0.0215%	pay 0.0038% / 1h	35m 12s	$28K	—	100x
Short	Variational Omni ASTER	0.7333	0.0100	get 0.0050% / 4h	1h 35m	$2.1M	$371K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.029%Rate

Funding earned: −$42.9
Price spread: −0.029% → 0.000%: −$2.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$57.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago	4.10 bp	doesn't fit	43.7 bp −$437	doesn't fit	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	−0.0088%	1h	0.7328	−0.093%	$270K	$877K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7337	+0.022%	$54.7M	$101.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7332	−0.050%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7335	−0.003%	$8K	$4K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7340	+0.072%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7338	+0.038%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.747%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0089%	4h	0.7339	+0.052%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7343	+0.113%	$891K	$901K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7332	−0.037%	$367K	$252K	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	0.7349	+0.188%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7331	−0.063%	$255K	$72K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7338	+0.038%	$90.2M	$110.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7339	+0.052%	$49.0M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7344	+0.120%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7334	−0.016%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7340	+0.065%	$33.7M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7337	+0.018%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7339	+0.052%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7342	+0.093%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7344	+0.120%	$215K	$482K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7333	−0.029%	$2.1M	$371K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7325	−0.136%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7323	−0.166%	$65K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7346	+0.147%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7340	+0.065%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7334	−0.016%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7340	+0.060%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7318	−0.230%	$211K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7346	+0.144%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0215%	1h	0.7335	long leg	$28K	—	100x
BloFin ASTER-USDT	+0.0340%	4h	0.7341	+0.079%	$3.5M	$1.9M	75x	as long as short