Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0456%/8h= +49.9% APRpaid last 24h +0.108%

Price spread now: BloFin against Deribit+0.085%57s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.589% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.729%+$73 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.085%, 7d avg +0.018%

Together, before fees+0.563%+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BloFin is 0.068% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 57 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	Deribit ASTER_USDC-PERPETUAL	0.7381	−0.0116	get 0.0014% / 1h	52m 05s	$11K	$117K	25x
Short	BloFin ASTER-USDT	0.7387	0.0340	get 0.0170% / 4h	2h 52m	$3.5M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now +0.085%Rate

Funding earned: $95.69
Price spread: +0.085% → +0.018%: $6.77
Slippage, 4 orders: −$39.94
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $43.53
Costs to cover: 0.589%
Break-even: 3.8 days

Slippage from Deribit: live order book, 36 min ago; BloFin: live order book, 6 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 Deribit live order book, 36 min ago	9.57 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	2.03 bp	8.6 bp −$9	15.3 bp −$153	38.6 bp −$3,856	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	−0.0160%	1h	0.7389	+0.118%	$252K	$836K	50x	as long as short
Deribit ASTER_USDC-PERPETUALlong	−0.0116%	1h	0.7381	long leg	$11K	$117K	25x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.050%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7381	+0.004%	$56.7M	$100.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7386	+0.072%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7382	+0.024%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7383	+0.034%	$907K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7381	+0.004%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7387	+0.082%	$367K	$281K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7387	+0.080%	$253K	$109K	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	0.7381	+0.004%	$90.6M	$106.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7384	+0.045%	$49.0M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7383	+0.031%	$11.8M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7382	+0.018%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7385	+0.058%	$33.7M	$16.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7380	−0.009%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7385	+0.058%	$18.0M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7380	−0.009%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7385	+0.058%	$268K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7406	+0.349%	$2.0M	$339K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7414	+0.458%	$457K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7404	+0.316%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7386	+0.072%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7380	−0.009%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7385	+0.058%	$241K	$118K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7413	+0.432%	$214K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7384	+0.049%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0224%	1h	0.7385	+0.058%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0263%	1h	0.7385	+0.055%	$284K	$421K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7383	+0.033%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7387	+0.085%	$3.5M	$1.8M	75x
Hyperliquid ASTER	+0.0390%	1h	0.7390	+0.129%	$25.9M	$6.8M	5x	as long as short