Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.116%

Price spread now: BloFin against Deribit+0.103%57s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.724%+$72 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.103% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). 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	0.7368	0	get 0.0000% / 1h	56m 19s	$11K	$72K	25x
Short	BloFin ASTER-USDT	0.7376	0.0340	get 0.0170% / 4h	1h 56m	$3.6M	$2.1M	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

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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 DeribitbpFee BloFinbpOrdersPrice spread, now +0.103%Rate

Funding earned: $71.4
Price spread: +0.103% → 0.000%: $10.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $62.71
Costs to cover: 0.190%
Break-even: 0.9 days

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 2 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 Deribit no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	1.35 bp	11.6 bp −$12	18.0 bp −$180	50.0 bp −$4,996	doesn't fit

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	−0.0024%	1h	0.7366	−0.029%	$263K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7369	+0.008%	$52.9M	$116.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7374	+0.071%	$15K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUALlong	0.0000%	1h	0.7368	long leg	$11K	$72K	25x
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7368	−0.007%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.293%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0042%	1h	0.7373	+0.061%	$342K	$664K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0055%	4h	0.7369	+0.008%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7374	+0.075%	$893K	$952K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7367	−0.026%	$341K	$296K	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	0.7370	+0.024%	$261K	$111K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7369	+0.008%	$93.1M	$130.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7369	+0.008%	$49.6M	$26.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7368	−0.005%	$12.6M	$22.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7369	+0.008%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7369	+0.008%	$35.7M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7367	−0.020%	$10.9M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7367	−0.019%	$17.9M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7368	−0.005%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7382	+0.180%	$2.1M	$392K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7385	+0.223%	$457K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7385	+0.225%	$100K	$737K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7380	+0.157%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7368	−0.005%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7371	+0.035%	$247K	$200K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7365	−0.052%	$369K	$648K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7374	+0.076%	$215K	$2.2M	10x	as long as short
01 Exchange ASTERUSD	+0.0200%	1h	0.7372	+0.049%	$6K	$7K	10x	as long as short
Hyperliquid ASTER	+0.0304%	1h	0.7375	+0.094%	$25.2M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7366	−0.034%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7376	+0.103%	$3.6M	$2.1M	75x
Backpack ASTER_USDC_PERP	+0.0370%	1h	0.7379	+0.151%	$210K	$499K	10x	as long as short