Aster vs BingX Funding Arbitrage
89 shared markets · net of estimated fees · updated every few minutesAster and BingX both quote 89 of the same perpetual markets, so a delta-neutral position can be split across the two and collect the difference in their funding. The widest spread on a market with real depth is DOOD — long BingX / short Aster at 313.6% net APR — but the median across all shared markets is 13.3%, which is the number worth planning around.
The long leg is whichever venue prices funding lower for that market. It is a property of the MARKET, not of the exchange, and it flips as rates move: here 55 markets go long on Aster and 34 on BingX. 75 markets clear 5% net APR, 58 clear 10%.
How this pair behaves
Aster pays funding every 4h on 136 markets and every 8h on 95 markets; BingX pays every 4h on 249 markets and every 8h on 78 markets. Both sides settle on the same clock, so a position opened here collects or pays on both legs at once — the spread you see is the spread you get. Aster quotes 242 perpetual markets in total and BingX quotes 329; the 89 they share are what this page ranks. Across its own book Aster runs a median funding rate of 10.9% and BingX 10.9%, so the edge here comes from individual markets rather than from a standing gap between the venues.
Spreads by market
top 25 of 89 by net APR| Market | Long | Short | Net APR | Gross | 7d avg | Thin leg vol |
|---|---|---|---|---|---|---|
| ZCAT | BingX | Aster | 400.8% | 421.8% | +55.7% | $18K |
| BMT | BingX | Aster | 354.1% | 358.7% | +15.8% | $211K |
| DOOD | BingX | Aster | 313.6% | 316.5% | +25.3% | $8.1M |
| BIRB | BingX | Aster | 305.0% | 309.3% | +0.3% | $177K |
| BULLA | Aster | BingX | 220.3% | 225.1% | +32.9% | $1.4M |
| CASHCAT | BingX | Aster | 195.5% | 200.3% | -5.0% | $438K |
| ON | BingX | Aster | 126.4% | 132.2% | +22.4% | $32K |
| ARC | Aster | BingX | 78.6% | 86.5% | +22.6% | $22K |
| ANIME | BingX | Aster | 77.5% | 81.7% | +6.7% | $11K |
| JCT | BingX | Aster | 69.8% | 73.7% | +38.9% | $11.7M |
| AVA | Aster | BingX | 65.4% | 69.0% | +12.5% | $292K |
| BTW | Aster | BingX | 51.0% | 54.5% | +0.5% | $1.3M |
| GTC | BingX | Aster | 50.8% | 55.7% | +2.2% | $285K |
| LA | Aster | BingX | 49.5% | 53.3% | +1.9% | $20K |
| RSR | BingX | Aster | 49.3% | 53.8% | -39.9% | $19K |
| Q | BingX | Aster | 45.5% | 49.7% | +12.5% | $2.5M |
| AGT | BingX | Aster | 45.3% | 49.2% | +35.0% | $1.0M |
| NULLMASK | BingX | Aster | 45.0% | 98.6% | +146.2% | $17K |
| XDP | Aster | BingX | 42.6% | 46.6% | +22.6% | $11K |
| TRUTH | Aster | BingX | 37.8% | 42.0% | +7.0% | $30K |
| UB | Aster | BingX | 37.6% | 41.8% | -1.4% | $18K |
| MYX | Aster | BingX | 35.3% | 39.4% | +4.4% | $14K |
| IOTX | Aster | BingX | 34.6% | 41.5% | +31.6% | $10K |
| DNA | BingX | Aster | 32.7% | 39.3% | +51.5% | $341K |
| ORCA | Aster | BingX | 30.8% | 36.8% | +1.3% | $46K |
Net APR subtracts entry and exit fees, both legs' bid/ask spread and estimated slippage from the gross funding spread. The 7-day average is historical gross funding for the same pair: a current rate close to it suggests the spread has persisted, one far above it is usually a spike that will decay.
Aster vs BingX — FAQ
How many markets can you arbitrage between Aster and BingX?
89 perpetual markets are quoted on both Aster and BingX right now. 75 of them show a net spread of at least 5% APR after estimated fees, and 13 have at least $1M of 24h volume on the smaller leg.
What is the best Aster / BingX funding spread right now?
DOOD: long BingX and short Aster for about 313.6% net APR after estimated fees, counting only markets with at least $1M of 24h volume on the smaller leg. The median across all 89 shared markets is 13.3%, so the top of the list is not typical.
Which side pays on the Aster / BingX pair?
It varies by market: Aster is the long (funding-receiving) leg in 55 of the shared markets and BingX in the other 34. The direction is set per market by which venue currently prices funding lower.
Trading the Aster / BingX spread
The trade is one position split across two venues: long the exchange paying the more negative funding, short the one paying the more positive, in the same size. What limits it is not the headline APR but the smaller leg's liquidity, the fees on both sides, and how long the spread survives — funding decays and flips, often within hours. Venue detail: Aster funding rates · BingX funding rates; the full calculation is in the methodology.