Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.087%

Price spread now: Coinbase International against SunX−0.245%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2592.588% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.327%−$33 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.245%, 7d avg −0.166%

Together, before fees−0.351%−$35 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 0.079% cheaper against SunX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.166%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ASTER-USDT	0.7475	0.0100	pay 0.0050% / 4h	52m 14s	$2K	$1.7M	20x
Short	Coinbase International ASTER-PERP-INTX	0.7457	−0.0136	pay 0.0017% / 1h	52m 14s	$261K	$847K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.245%Rate

Funding earned: −$49.56
Price spread: −0.245% → −0.166%: −$7.86
Slippage, 4 orders: −$240.82
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$316.24
Costs to cover: 2.588%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Coinbase International: live order book, 26 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 SunX live order book, 3 min ago	30.78 bp	106.9 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 26 min ago	4.25 bp	12.9 bp −$13	17.4 bp −$174	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	0.7457	−0.245%	$261K	$847K	50x
Aster ASTERUSDT	0.0000%	4h	0.7465	−0.129%	$57.0M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7473	−0.031%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7465	−0.132%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7465	−0.138%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7469	−0.075%	$337K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.137%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7470	−0.067%	$925K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7465	−0.139%	$374K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7471	−0.052%	$256K	$107K	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	0.7465	−0.134%	$91.4M	$106.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7466	−0.120%	$49.9M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7466	−0.120%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7468	−0.094%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7467	−0.107%	$34.5M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7469	−0.083%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7473	−0.027%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7469	−0.080%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7467	−0.114%	$268K	$327K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7440	−0.462%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7457	−0.239%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7438	−0.495%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7468	−0.094%	$14K	$845	10x	as long as short
SunX ASTER-USDTlong	+0.0100%	4h	0.7475	long leg	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7465	−0.134%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7460	−0.201%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7463	−0.160%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7455	−0.272%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7471	−0.054%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7465	−0.132%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0311%	1h	0.7476	+0.007%	$25.9M	$6.8M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7461	−0.187%	$3.5M	$1.9M	75x	as long as short