Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.109%

Price spread now: Deribit against BloFin−0.212%57s7-day average −0.017% · you buy dearer than you sell

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

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.726%−$73 on $10k

Price spread, last 3 days (all we have)+0.281%+$28 · spread now −0.212%, 7d avg −0.017%

Together, before fees−0.445%−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Deribit is 0.194% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.017%). Swap the legs. 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	BloFin ASTER-USDT	0.7460	0.0340	pay 0.0170% / 4h	25m 50s	$3.5M	$1.9M	75x
Short	Deribit ASTER_USDC-PERPETUAL	0.7444	0	get 0.0000% / 1h	25m 50s	$11K	$87K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now −0.212%Rate

Funding earned: −$71.4
Price spread: −0.212% → −0.017%: −$19.44
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$109.84
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 min ago; Deribit: 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 BloFin live order book, 2 min ago	0.67 bp	7.1 bp −$7	11.9 bp −$119	42.4 bp −$4,242	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0136%	1h	0.7466	+0.080%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7443	−0.231%	$56.7M	$100.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7456	−0.052%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUALshort	0.0000%	1h	0.7444	−0.212%	$11K	$87K	25x
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7445	−0.203%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7447	−0.180%	$336K	$485K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.938%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7448	−0.165%	$922K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7447	−0.175%	$373K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7453	−0.098%	$255K	$104K	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	0.7443	−0.224%	$91.2M	$107.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7443	−0.228%	$49.8M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7445	−0.201%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7443	−0.228%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7441	−0.255%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7443	−0.225%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	−0.228%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7444	−0.214%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7439	−0.280%	$231K	$388K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7453	−0.099%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7466	+0.079%	$460K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7466	+0.080%	$67K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	−0.174%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	−0.121%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7442	−0.241%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7452	−0.107%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7444	−0.219%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7464	+0.053%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7449	−0.147%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7444	−0.220%	$28K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7460	long leg	$3.5M	$1.9M	75x
Hyperliquid ASTER	+0.0351%	1h	0.7453	−0.094%	$25.9M	$6.9M	5x	as long as short