Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.085%

Price spread now: Coinbase International against MEXC−0.361%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.361%, 7d avg −0.048%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.313% cheaper against MEXC than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ASTER_USDT	0.7420	0.0100	pay 0.0050% / 4h	1h 20m	$34.6M	$16.4M	100x
Short	Coinbase International ASTER-PERP-INTX	0.7393	−0.0136	pay 0.0017% / 1h	20m 53s	$260K	$840K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now −0.361%Rate

Funding earned: −$49.56
Price spread: −0.361% → −0.048%: −$31.29
Slippage, 4 orders: −$16.85
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$107.69
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 62 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 MEXC live order book, 3 min ago	0.68 bp	2.0 bp −$2	6.3 bp −$63	24.2 bp −$2,421	92.3 bp −$46.1K
Sell Coinbase International live order book, 62 min ago	4.44 bp	9.6 bp −$10	14.8 bp −$148	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-INTXshort	−0.0136%	1h	0.7393	−0.361%	$260K	$840K	50x
Aster ASTERUSDT	0.0000%	4h	0.7422	+0.021%	$56.8M	$100.0M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7422	+0.026%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7421	+0.015%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.404%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0074%	1h	0.7420	+0.001%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7426	+0.074%	$917K	$872K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7423	+0.047%	$372K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7424	+0.060%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7421	+0.013%	$90.8M	$107.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7419	−0.013%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7421	+0.013%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7423	+0.040%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7420	long leg	$34.6M	$16.4M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7421	+0.011%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7421	+0.013%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7421	+0.013%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7421	+0.008%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7391	−0.397%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7400	−0.275%	$464K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.256%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7422	+0.027%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7431	+0.148%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7421	+0.013%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7420	0.000%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7421	+0.011%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7395	−0.332%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7425	+0.067%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0146%	1h	0.7425	+0.072%	$336K	$488K	20x	as long as short
Hyperliquid ASTER	+0.0157%	1h	0.7429	+0.120%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7422	+0.028%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7421	+0.013%	$3.5M	$1.9M	75x	as long as short