Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0162%/8h= +17.8% APRpaid last 24h −0.102%

Price spread now: Kraken Futures against Binance+0.032%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.631%−$63 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.032%, 7d avg +0.004%

Together, before fees−0.701%−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.028% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.631%, 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	Binance ASTERUSDT	0.7392	0.0100	pay 0.0050% / 4h	2h 47m	$90.6M	$106.0M	75x
Short	Kraken Futures PF_ASTERUSD	0.7394	0.0262	get 0.0033% / 1h	47m 34s	$284K	$419K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.032%Rate

Funding earned: $34.11
Price spread: +0.032% → +0.004%: $2.79
Slippage, 4 orders: −$29.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$12.78
Costs to cover: 0.497%
Break-even: 9.6 days

Slippage from Binance: live order book, 10 min ago; Kraken Futures: live order book, 40 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 Binance live order book, 10 min ago	0.68 bp	6.5 bp −$7	15.8 bp −$158	68.7 bp −$6,873	doesn't fit
Sell Kraken Futures live order book, 40 min ago	8.76 bp	20.7 bp −$21	38.2 bp −$382	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
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7389	−0.035%	$252K	$834K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.203%	$9	$54K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7392	−0.005%	$11K	$102K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7392	+0.004%	$56.8M	$99.8M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7390	−0.030%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0009%	1h	0.7392	0.000%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7394	+0.031%	$908K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0098%	4h	0.7397	+0.068%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7394	+0.027%	$367K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7395	+0.038%	$253K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDTlong	+0.0100%	4h	0.7392	long leg	$90.6M	$106.0M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7390	−0.027%	$49.1M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7393	+0.014%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7391	−0.014%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7390	−0.027%	$33.7M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7391	−0.012%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7391	−0.014%	$18.0M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7391	−0.014%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7391	−0.007%	$265K	$325K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7379	−0.182%	$2.0M	$346K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7384	−0.108%	$457K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7384	−0.108%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7394	+0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7389	−0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7389	−0.041%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7393	+0.015%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7383	−0.121%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7396	+0.054%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0262%	1h	0.7394	+0.032%	$284K	$419K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7391	−0.014%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7384	−0.108%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0429%	1h	0.7403	+0.154%	$26.0M	$6.8M	5x	as long as short