Settings8H · net · $10k
Funding arb · Price arb /

AR

all AR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.2062%/8h= +225.8% APRpaid last 24h +0.345%
Price spread now: Aster against Kraken Futures−0.121%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1181.176% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.772%+$77 on $10k
Price spread, last 3 days (all we have)+0.257%+$26 · spread now −0.121%, 7d avg −0.090%
Together, before fees+1.029%+ Points / potential airdropAster: Stage 5 · farm board+$103 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.031% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.090%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$62 a day). At the pace of the last 5 days (+0.772% in total) that is about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.772% in total (about 53.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ARUSD4.5879−0.1962get 0.0245% / 1h30m 43s$52K$163K20x
ShortAster ARUSDT4.58240.0100get 0.0100% / 8h30m 43s$20K$611K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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

Funding earned
$432.98
Price spread: −0.121% → −0.090%
−$3.08
Slippage, 4 orders
−$99.56
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$312.33
Costs to cover
1.176%
Break-even
2.0 days
Slippage from Kraken Futures: live order book, 47 min ago; Aster: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 47 min ago14.23 bp32.6 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 47 min ago10.96 bp21.4 bp −$21doesn't fitdoesn't fitdoesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ARUSDlong−0.1962%1h4.5879long leg$52K$163K20x
GMX AR/USD [WBTC.b-USDC]L −0.0140% / S +0.0551%1h4.58800.000%$589K50xas long as short
OKX AR-USDT-SWAP−0.0020%8h4.5800−0.173%$2.4M$20.9M20xas long as short
Extended AR-USD+0.0032%1h4.5831−0.105%$37K$237K10xas long as short
Injective AR/USDC PERP+0.0033%1h4.5720−0.347%$3K$3395.5xas long as short
Binance ARUSDT+0.0034%8h4.5838−0.091%$9.1M$55.6M75xas long as short
MEXC AR_USDT+0.0035%8h4.5850−0.064%$6.8M$4.4M100xas long as short
Hyperliquid AR+0.0100%1h4.5930+0.110%$4.1M$4.9M5xas long as short
Aster ARUSDTshort+0.0100%8h4.5824−0.121%$20K$611K10x
Bybit ARUSDT+0.0100%8h4.5816−0.138%$4.6M$8.9M75xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AR_USDT+0.0100%8h4.5890+0.023%$2.6M$2.3M50xas long as short
KuCoin ARUSDTM+0.0100%8h4.5870−0.020%$1.4M$1.2M50xas long as short
Bitget ARUSDT+0.0100%8h4.5850−0.064%$3.9M$5.6M75xas long as short
BingX AR-USDT+0.0100%8h4.5830−0.108%$2.9Mas long as short
Variational Omni AR+0.0100%8h4.5805−0.163%$139K$172Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.5900+0.045%$58K$747K50xas long as short
BloFin AR-USDT+0.0141%8h4.5830−0.108%$434K$675K20xas long as short