Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0085%/8h= −9.4% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against Orderly−0.030%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.030% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7458	0.0093	pay 0.0046% / 4h	3h 35m	$14K	$845	10x
Short	gTrade (Gains Network) ASTER/USD	0.7456	L +0.0006% / S −0.0007%	get 0.0001% / 1h	35m 14s	$30K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.030%Rate

Funding earned: −$17.94
Price spread: −0.030% → 0.000%: −$3.03
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$36.97
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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-INTX	−0.0080%	1h	0.7457	−0.013%	$265K	$850K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0030%	1h	0.7452	−0.078%	$211K	$406K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7457	−0.014%	$56.6M	$100.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7459	+0.011%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7454	−0.050%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USDshort	L +0.0006% / S −0.0007%	1h	0.7456	−0.030%	$30K	—	150x
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.912%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7457	−0.008%	$342K	$483K	20x	as long as short
Orderly PERP_ASTER_USDClong	+0.0093%	4h	0.7458	long leg	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7459	+0.017%	$920K	$879K	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	0.7454	−0.056%	$373K	$256K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7462	+0.047%	$256K	$102K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7455	−0.040%	$91.4M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7457	−0.013%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7456	−0.027%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7460	+0.027%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7455	−0.040%	$35.6M	$16.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7460	+0.025%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7459	+0.013%	$18.3M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7456	−0.027%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7458	+0.005%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7443	−0.203%	$462K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7458	0.000%	$67K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7469	+0.147%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7454	−0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7459	+0.013%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7453	−0.060%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7438	−0.266%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7455	−0.040%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0252%	1h	0.7462	+0.056%	$26.0M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7453	−0.071%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7456	−0.027%	$3.5M	$1.9M	75x	as long as short