Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.062%

Price spread now: BloFin against Nado−0.107%7-day average −0.033% · 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−$43as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.217%+$22 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.107%, 7d avg −0.033%

Together, before fees+0.287%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.075% cheaper against Nado than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.033%). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ASTER-PERP	0.7443	0.0100	pay 0.0012% / 1h	55m 16s	$372K	$267K	5x
Short	BloFin ASTER-USDT	0.7435	0.0340	get 0.0170% / 4h	3h 55m	$3.5M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Nado. 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 NadobpFee BloFinbpOrdersPrice spread, now −0.107%Rate

Funding earned: $50.4
Price spread: −0.107% → −0.033%: −$7.47
Slippage, 4 orders: −$16.19
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.73
Costs to cover: 0.352%
Break-even: 5.9 days

Slippage from Nado: live order book, 17 min ago; BloFin: live order book, 3 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 Nado live order book, 17 min ago	0.94 bp	9.3 bp −$9	23.2 bp −$232	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.34 bp	7.7 bp −$8	12.1 bp −$121	31.4 bp −$3,136	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	−0.0080%	1h	0.7449	+0.081%	$265K	$866K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0047%	1h	0.7433	−0.129%	$216K	$402K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7439	−0.056%	$56.5M	$101.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7446	+0.039%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7431	−0.155%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7435	−0.107%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.712%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7438	−0.068%	$342K	$500K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7437	−0.082%	$921K	$872K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7432	−0.148%	$8K	$4K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ASTER_USDC	+0.0096%	4h	0.7438	−0.067%	$14K	$845	10x	as long as short
Nado ASTER-PERPlong	+0.0100%	1h	0.7443	long leg	$372K	$267K	5x
Pacifica ASTER	+0.0100%	1h	0.7450	+0.095%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7433	−0.134%	$91.2M	$108.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7436	−0.094%	$49.7M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7436	−0.094%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7435	−0.107%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7432	−0.148%	$35.0M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7436	−0.094%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7434	−0.121%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7436	−0.094%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7450	+0.101%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7451	+0.107%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7451	+0.107%	$66K	$717K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7440	−0.040%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7432	−0.148%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7442	−0.013%	$243K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7450	+0.096%	$215K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7434	−0.126%	$374K	$641K	25x	as long as short
Hyperliquid ASTER	+0.0275%	1h	0.7443	+0.007%	$25.8M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7433	−0.139%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7435	−0.107%	$3.5M	$1.9M	75x