Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0698%/8h= +76.4% APRpaid last 24h +0.117%

Price spread now: Kraken Futures against Aster−0.011%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$21 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 2ZUSDT	0.05236	0.0100	pay 0.0050% / 4h	27m 42s	$12K	$57K	5x
Short	Kraken Futures PF_2ZUSD	0.05236	0.0798	get 0.0100% / 1h	27m 42s	$5K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.011%Rate

Funding earned: $146.56
Price spread: −0.011% → 0.000%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $127.47
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Aster: no order-book sample; Kraken Futures: 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster and Kraken Futures: 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.

2Z on 17 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
Backpack 2Z_USDC_PERP	−0.0669%	1h	0.05227	−0.179%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.896%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05241	+0.089%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05234	−0.051%	$676K	$367K	3x	as long as short
Aster 2ZUSDTlong	+0.0100%	4h	0.05236	long leg	$12K	$57K	5x
Pacifica 2Z	+0.0100%	1h	0.05232	−0.085%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05229	−0.137%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05236	−0.007%	$691K	$978K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05232	−0.083%	$450K	$722K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05231	−0.102%	$91K	$65K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05237	+0.012%	$293K	$126K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05233	−0.072%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05230	−0.121%	$156K	$634K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05237	+0.012%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.215%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05234	−0.045%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSDshort	+0.0798%	1h	0.05236	−0.011%	$5K	$3K	10x