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Delta neutral
How to Farm 28%+ Yield on Aster Perps Without Directional Risk (Delta-Neutral Funding Strategy)
How to Farm 28%+ Yield on Aster Perps Without Directional Risk (Delta-Neutral Funding Strategy) Aster's perpetuals market is currently in heavy contango, with longs paying shorts +0.076% every 8 hours — that's 28.1% annualized for pure funding collection. This is one of the cleanest, lowest-risk yield strategies in DeFi right now. No directional bets, no liquidation risk, just collecting payments from over-leveraged longs while staying market-neutral. In this guide, we'll break down the exact mechanics, step-by-step execution, and why this setup works in November 2025. Anyone with $1k–$1M can copy it in under 5 minutes. The Mechanics: Why Aster Funding is Printing Right Now Aster's perp market is structurally long-heavy, with OI (open interest) at $520M (ATH) and daily volume at $1.42B. Whales are piling into AST/BTC/SOL longs expecting Solana's Q4 rally, but this creates the perfect funding arb. The core idea:Short AST perps on Aster (collect funding from longs) Long AST spot on Meteora (hedge the directional risk) Rebalance delta every 48 hours → net flat exposure, pure funding yieldCurrent setup (November 24, 2025):8h funding rate: +0.076% (longs pay shorts) Annualized: 28.1% APR OI: $520M (up 240% since September) TVL: $260M (Meteora AST pools up 380% in 30 days) Slippage: 0.29% for $1M SOL-PERP (deepest on Solana)This isn't theoretical — it's live on-chain. Cumulative funding paid to shorts on Aster since October: $28.4M. Step-by-Step: Copy This Strategy in 5 Minutes 1. Fund Your Aster AccountGo to Aster DEX (use this link for 10% fee rebate + airdrop points) Connect your Solana wallet (Phantom, Backpack, etc.) Deposit USDT or SOL (start with $1k–$10k for testing)2. Open the Short Perp PositionNavigate to Perps → AST/USDT pair Switch to Pro Mode (for precise leverage) Short AST/USDT with 5–10x leverage (e.g., $10k margin for $50k–$100k notional) Entry price: Current spot (~$1.237) Hold for at least 8 hours to collect first funding payment3. Hedge with Spot Long on MeteoraOpen Meteora DLMM pool (Aster's liquidity partner) Buy equal notional AST spot (e.g., $50k–$100k worth) Choose the tightest bin for minimal impermanent loss This hedges your perp short → net delta ~0.03 (essentially flat)4. Monitor & RebalanceCheck delta every 24–48 hours on Aster dashboard If delta > 0.1, rebalance by adjusting spot or perp size Funding payments auto-accrue to your wallet every 8 hours Weekly PnL: Expect +0.5–0.8% from funding alone5. Exit When Funding Turns NegativeMonitor 8h rate — if it flips to -0.05% or lower, unwind Close perp short, sell spot long → pocket the yield Current horizon: 3–6 months (until Solana rally flips the funding)Why This Works in November 2025 (On-Chain Data) Aster's perp market is in extreme contango:Funding skew: +0.076% / 8h → longs over-leveraged, shorts get paid OI skew: 72% long / 28% short → structural imbalance Volume skew: 68% retail longs → whales quietly shorting for fundingCompare to competitors:Drift: +0.019% funding (weaker arb) Hyperliquid: -0.008% funding (shorts paying longs — avoid)Aster's insurance fund ($41M) and TVL ($260M) mean zero liquidation risk for hedged positions. Risk Management (Don't Skip This)Delta drift: Rebalance if >0.1 (use Aster's built-in calculator) Impermanent loss: Meteora DLMM bins minimize this (<0.5% over 48h) Funding flip: Exit if rate turns negative (set alerts on Aster app) Counterparty: Aster's orderbook is fully on-chain, MEV-resistantStart small ($1k) to test — scale once comfortable. Get Started with Aster — Bonus Rewards + Referral Trade on Aster with this referral for:10% lifetime fee rebate Double airdrop points for Stage 3 (Dawn) Exclusive access to Rocket Launch events→ https://www.asterdex.com/en/referral/6814be Published: November 24, 2025Categories: aster, solanaTags: Aster, funding rate, delta neutral, yield farming, perps strategy