Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Backpack against OKX−0.004%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now −0.004%, 7d avg +0.035%

Together, before fees−0.199%−$20 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 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ASTER-USDT-SWAP	0.7404	0.0100	pay 0.0050% / 4h	2h 32m	$11.9M	$18.4M	50x
Short	Backpack ASTER_USDC_PERP	0.7404	0.0100	get 0.0013% / 1h	32m 50s	$265K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.035%: −$3.92
Slippage, 4 orders: −$14.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$38.2
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Backpack: live order book, 55 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 OKX live order book, 1 min ago	0.68 bp	9.2 bp −$9	21.5 bp −$215	doesn't fit	doesn't fit
Sell Backpack live order book, 55 min ago	0.07 bp	5.9 bp −$6	doesn't fit	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	−0.0168%	1h	0.7405	+0.009%	$11K	$87K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7399	−0.066%	$251K	$832K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	+0.081%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7404	0.000%	$56.8M	$99.7M	200x	as long as short
dYdX ASTER-USD	+0.0004%	1h	0.7410	+0.078%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7407	+0.043%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7409	+0.070%	$910K	$845K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7409	+0.068%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7410	+0.088%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7416	+0.155%	$254K	$108K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7403	−0.014%	$90.7M	$106.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7406	+0.027%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7404	long leg	$11.9M	$18.4M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7407	+0.041%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7403	−0.014%	$34.0M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7408	+0.057%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7406	+0.027%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7404	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7404	−0.004%	$265K	$323K	10x
Variational Omni ASTER	+0.0100%	4h	0.7403	−0.010%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7411	+0.095%	$463K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7420	+0.216%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7411	+0.095%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7404	0.000%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7414	+0.135%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7403	−0.012%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0118%	4h	0.7407	+0.035%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7411	+0.095%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7408	+0.052%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7405	+0.009%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7404	0.000%	$3.4M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0493%	1h	0.7416	+0.158%	$26.0M	$6.8M	5x	as long as short