Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Backpack against KuCoin+0.082%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.082%, 7d avg +0.027%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.055% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7311	0.0100	pay 0.0050% / 4h	2h 15m	$10.8M	$3.3M	75x
Short	Backpack ASTER_USDC_PERP	0.7318	0.0100	get 0.0013% / 1h	15m 41s	$209K	$497K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → +0.027%: $5.47
Slippage, 4 orders: −$42.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$58.91
Costs to cover: 0.644%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Backpack: live order book, 33 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 KuCoin live order book, 3 min ago	4.59 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 33 min ago	0.07 bp	8.0 bp −$8	167.1 bp −$1,671	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-INTX	−0.0048%	1h	0.7311	−0.004%	$276K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7316	+0.062%	$52.5M	$114.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7311	−0.011%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7316	+0.062%	$6K	$7K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7312	+0.001%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7310	−0.017%	$24K	—	150x	as long as short
Extended ASTER-USD	+0.0032%	1h	0.7313	+0.021%	$364K	$643K	25x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.074%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0053%	4h	0.7316	+0.062%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7317	+0.081%	$887K	$927K	5x	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	0.7314	+0.032%	$342K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7322	+0.140%	$25.0M	$8.1M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7315	+0.048%	$257K	$106K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7316	+0.066%	$91.6M	$126.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7312	+0.007%	$49.2M	$25.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7316	+0.062%	$12.5M	$21.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7310	−0.021%	$6.3M	$5.8M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7311	−0.007%	$34.3M	$20.8M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7311	long leg	$10.8M	$3.3M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7317	+0.075%	$17.8M	$8.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7315	+0.048%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7318	+0.082%	$209K	$497K	10x
Variational Omni ASTER	+0.0100%	4h	0.7307	−0.058%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7318	+0.088%	$451K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7318	+0.089%	$99K	$736K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7327	+0.212%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7312	+0.007%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7313	+0.021%	$243K	$170K	20x	as long as short
edgeX ASTERUSDC	+0.0118%	4h	0.7257	−0.744%	$212K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0295%	1h	0.7316	+0.058%	$337K	$640K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7311	−0.010%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7321	+0.130%	$3.5M	$2.0M	75x	as long as short