Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0125%/8h= −13.6% APRpaid last 24h −0.065%

Price spread now: Coinbase International against Orderly+0.006%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7266	0.0061	pay 0.0030% / 4h	2h 59m	$13K	$1K	10x
Short	Coinbase International ASTER-PERP-INTX	0.7266	−0.0064	pay 0.0008% / 1h	59m 46s	$270K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$26.15
Price spread: +0.006% → 0.000%: $0.55
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$41.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	4.81 bp	14.3 bp −$14	21.0 bp −$210	doesn't fit	doesn't fit

Orderly: 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-INTXshort	−0.0064%	1h	0.7266	+0.006%	$270K	$1.2M	50x
Aster ASTERUSDT	0.0000%	4h	0.7267	+0.014%	$52.3M	$112.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7268	+0.023%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7265	−0.012%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7263	−0.039%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0016%	1h	0.7266	0.000%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.707%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0061%	4h	0.7266	long leg	$13K	$1K	10x
Lighter ASTER	+0.0096%	1h	0.7270	+0.058%	$879K	$918K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7267	+0.007%	$362K	$274K	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	0.7265	−0.012%	$253K	$82K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7263	−0.040%	$89.9M	$122.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7264	−0.028%	$48.9M	$25.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7268	+0.028%	$12.4M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7263	−0.041%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7264	−0.028%	$34.0M	$20.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7263	−0.039%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7262	−0.055%	$17.7M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7263	−0.041%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7268	+0.025%	$210K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7267	+0.017%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7297	+0.427%	$455K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7279	+0.179%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7274	+0.110%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7265	−0.014%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7276	+0.138%	$242K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7263	−0.038%	$365K	$634K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7281	+0.211%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0206%	1h	0.7270	+0.054%	$337K	$625K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7264	−0.034%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7275	+0.124%	$3.5M	$2.1M	75x	as long as short
Hyperliquid ASTER	+0.0536%	1h	0.7276	+0.136%	$24.8M	$8.0M	5x	as long as short