Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Backpack against SoDEX−0.208%50s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Backpack

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.208% cheaper against SoDEX than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ASTER-USD	0.7257	0.0100	pay 0.0013% / 1h	45m 16s	$13K	$8K	5x
Short	Backpack ASTER_USDC_PERP	0.7242	0.0100	get 0.0013% / 1h	45m 16s	$213K	$493K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now −0.208%Rate

Funding earned: $0
Price spread: −0.208% → 0.000%: −$20.81
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$38.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 14 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 SoDEX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 14 min ago	0.07 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Deribit ASTER_USDC-PERPETUAL	−0.0342%	1h	0.7264	+0.099%	$11K	$71K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7261	+0.050%	$259K	$964K	50x	as long as short
Aster ASTERUSDT	−0.0002%	4h	0.7262	+0.069%	$53.9M	$107.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7257	−0.005%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7267	+0.139%	$28K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7260	+0.041%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.833%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0074%	4h	0.7268	+0.152%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7263	+0.081%	$878K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7270	+0.186%	$358K	$265K	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	0.7259	+0.026%	$252K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7261	+0.058%	$89.2M	$115.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7261	+0.055%	$48.4M	$24.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7261	+0.055%	$12.1M	$19.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7268	+0.152%	$6.4M	$5.5M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7263	+0.083%	$33.1M	$18.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7267	+0.142%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7265	+0.110%	$17.8M	$7.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7263	+0.083%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7242	−0.208%	$213K	$493K	10x
Variational Omni ASTER	+0.0100%	4h	0.7228	−0.404%	$2.0M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7302	+0.617%	$447K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7234	−0.317%	$83K	$723K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7265	+0.110%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USDlong	+0.0100%	1h	0.7257	long leg	$13K	$8K	5x
HTX ASTER-USDT	+0.0100%	4h	0.7266	+0.124%	$241K	$134K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7265	+0.116%	$361K	$638K	25x	as long as short
Hyperliquid ASTER	+0.0105%	1h	0.7269	+0.172%	$25.2M	$6.7M	5x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7228	−0.396%	$209K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0284%	1h	0.7263	+0.076%	$343K	$561K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7270	+0.184%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7251	−0.083%	$3.5M	$2.1M	75x	as long as short