Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.065%

Price spread now: Coinbase International against KuCoin+0.010%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.010%, 7d avg −0.054%

Together, before fees−0.314%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.063% dearer against KuCoin than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.054%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7306	0.0100	pay 0.0050% / 4h	17m 47s	$11.1M	$3.4M	75x
Short	Coinbase International ASTER-PERP-INTX	0.7307	0.0016	get 0.0002% / 1h	17m 47s	$253K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$17.64
Price spread: +0.010% → −0.054%: $6.33
Slippage, 4 orders: −$47.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$80.34
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Coinbase International: live order book, 1 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, 11 min ago	1.44 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.74 bp	12.0 bp −$12	17.3 bp −$173	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
Deribit ASTER_USDC-PERPETUAL	−0.0051%	1h	0.7308	+0.027%	$11K	$56K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7306	−0.003%	$51.7M	$112.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7310	+0.047%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7308	+0.021%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTXshort	+0.0016%	1h	0.7307	+0.010%	$253K	$1.3M	50x
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.147%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0087%	4h	0.7313	+0.093%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7311	+0.073%	$884K	$921K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7306	−0.003%	$6K	$7K	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7311	+0.068%	$346K	$291K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7310	+0.048%	$257K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7307	+0.011%	$92.3M	$130.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7306	−0.003%	$49.4M	$26.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7309	+0.038%	$12.4M	$22.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7305	−0.016%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7307	+0.011%	$34.8M	$20.9M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7306	long leg	$11.1M	$3.4M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7309	+0.038%	$17.9M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7308	+0.025%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7312	+0.081%	$209K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7284	−0.301%	$2.1M	$392K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7288	−0.253%	$447K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7295	−0.153%	$99K	$739K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7316	+0.134%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7306	−0.003%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7306	−0.003%	$244K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7310	+0.052%	$366K	$654K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7293	−0.186%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0290%	1h	0.7317	+0.152%	$25.0M	$8.0M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7307	+0.016%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7311	+0.066%	$3.6M	$2.0M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0765%	1h	0.7312	+0.083%	$337K	$642K	20x	as long as short