Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h −0.130%

Price spread now: Kraken Futures against Aster+0.099%7-day average — · you sell dearer than you buy

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 pays, funding is against you. Kraken Futures is 0.099% dearer against Aster than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ANIMEUSDT	0.003310	0.0100	pay 0.0050% / 4h	2h 38m	$27K	$3K	5x
Short	Kraken Futures PF_ANIMEUSD	0.003313	−0.0041	pay 0.0005% / 1h	38m 55s	$33K	$1K	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 +0.099%Rate

Funding earned: −$29.6
Price spread: +0.099% → 0.000%: $9.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$37.73
Costs to cover: 0.180%
Break-even: never at this rate

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.

ANIME on 13 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
Kraken Futures PF_ANIMEUSDshort	−0.0041%	1h	0.003313	+0.099%	$33K	$1K	10x
Hyperliquid ANIME	+0.0100%	1h	0.003308	−0.058%	$288K	$83K	3x	as long as short
Aster ANIMEUSDTlong	+0.0100%	4h	0.003310	long leg	$27K	$3K	5x
Binance ANIMEUSDT	+0.0100%	4h	0.003311	+0.024%	$1.3M	$1.6M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003309	−0.028%	$679K	$270K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003310	+0.002%	$423K	$507K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003304	−0.179%	$138K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003310	+0.002%	$204K	$88K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003311	+0.033%	$433K	$58K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003310	+0.002%	$846K	$147K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003309	−0.028%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003324	+0.425%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003305	−0.149%	$807	—	100x	as long as short