Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: Nado against BloFin−0.022%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.242%−$24 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.022%, 7d avg +0.039%

Together, before fees−0.177%+ Points / potential airdropNado: Active · farm board−$18 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 Nado is 0.061% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASTER-USDT	0.7342	0.0340	pay 0.0170% / 4h	1h 38m	$3.6M	$2.1M	75x
Short	Nado ASTER-PERP	0.7340	0.0100	get 0.0012% / 1h	38m 54s	$341K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.022%Rate

Funding earned: −$50.4
Price spread: −0.022% → +0.039%: −$6.12
Slippage, 4 orders: −$15.63
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$91.14
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 4 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 BloFin live order book, 4 min ago	0.68 bp	9.4 bp −$9	19.0 bp −$190	50.5 bp −$5,048	doesn't fit
Sell Nado live order book, 4 min ago	0.68 bp	9.6 bp −$10	24.0 bp −$240	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-INTX	−0.0024%	1h	0.7336	−0.084%	$258K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7336	−0.079%	$52.3M	$116.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7334	−0.113%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7337	−0.072%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7335	−0.092%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.654%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0042%	1h	0.7343	+0.013%	$342K	$668K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7332	−0.136%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7340	−0.027%	$889K	$953K	5x	as long as short
Nado ASTER-PERPshort	+0.0100%	1h	0.7340	−0.022%	$341K	$297K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7338	−0.048%	$259K	$112K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7337	−0.068%	$92.8M	$131.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7333	−0.123%	$49.4M	$26.5M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7338	−0.054%	$12.6M	$22.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7334	−0.109%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7337	−0.068%	$35.2M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7335	−0.095%	$10.9M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7335	−0.095%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7337	−0.068%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7351	+0.125%	$2.1M	$393K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7362	+0.272%	$458K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7362	+0.272%	$100K	$738K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7348	+0.082%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7337	−0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7344	+0.027%	$246K	$201K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7335	−0.100%	$369K	$651K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7360	+0.242%	$215K	$2.2M	10x	as long as short
01 Exchange ASTERUSD	+0.0160%	1h	0.7338	−0.054%	$6K	$7K	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0209%	1h	0.7339	−0.034%	$209K	$498K	10x	as long as short
Hyperliquid ASTER	+0.0255%	1h	0.7344	+0.025%	$25.1M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7336	−0.087%	$28K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7342	long leg	$3.6M	$2.1M	75x