ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h −0.052%

Price spread now: Kraken Futures against Backpack−0.011%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.650%−$65 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.011%, 7d avg −0.033%

Together, before fees−0.642%−$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against Backpack than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.650%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7252	0.0100	pay 0.0013% / 1h	43m 49s	$210K	$486K	10x
Short	Kraken Futures PF_ASTERUSD	0.7251	0.0298	get 0.0037% / 1h	43m 49s	$336K	$626K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Backpack. 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 BackpackbpFee Kraken FuturesbpOrdersPrice spread, now −0.011%Rate

Funding earned: $41.6
Price spread: −0.011% → −0.033%: $2.16
Slippage, 4 orders: −$26.71
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2.95
Costs to cover: 0.467%
Break-even: 7.5 days

Slippage from Backpack: live order book, 5 min ago; Kraken Futures: live order book, 4 min ago.

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 Backpack live order book, 5 min ago	0.07 bp	7.3 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.13 bp	15.2 bp −$15	32.5 bp −$325	doesn't fit	doesn't fit

ASTER on 32 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
Deribit ASTER_USDC-PERPETUAL	−0.0053%	1h	0.7249	−0.046%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7245	−0.105%	$269K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7244	−0.113%	$52.1M	$112.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7247	−0.076%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7251	−0.021%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7252	−0.003%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.900%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0055%	4h	0.7253	+0.011%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7251	−0.021%	$877K	$918K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7255	+0.039%	$341K	$287K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7255	+0.037%	$253K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7244	−0.116%	$89.6M	$122.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7242	−0.141%	$48.8M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7248	−0.058%	$12.4M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7246	−0.085%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7242	−0.141%	$33.8M	$20.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7246	−0.087%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7246	−0.085%	$17.7M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7244	−0.113%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7252	long leg	$210K	$486K	10x
Variational Omni ASTER	+0.0100%	4h	0.7244	−0.110%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7256	+0.052%	$454K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7255	+0.039%	$98K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7258	+0.080%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7246	−0.085%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7256	+0.052%	$241K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7243	−0.126%	$362K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7256	+0.048%	$212K	$2.1M	10x	as long as short
Hyperliquid ASTER	+0.0114%	1h	0.7256	+0.050%	$24.8M	$8.0M	5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0298%	1h	0.7251	−0.011%	$336K	$626K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7252	−0.010%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7245	−0.099%	$3.5M	$2.1M	75x	as long as short