Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.082%

Price spread now: Kraken Futures against Bybit−0.032%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.592%−$59 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.032%, 7d avg +0.021%

Together, before fees−0.580%−$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.054% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7442	0.0100	pay 0.0050% / 4h	3h 16m	$49.6M	$22.1M	75x
Short	Kraken Futures PF_ASTERUSD	0.7440	0.0076	get 0.0009% / 1h	16m 57s	$341K	$495K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$5.12
Price spread: −0.032% → +0.021%: −$5.36
Slippage, 4 orders: −$35.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$67.22
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 56 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 Bybit live order book, 2 min ago	0.67 bp	13.6 bp −$14	46.7 bp −$467	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 56 min ago	5.37 bp	16.9 bp −$17	30.6 bp −$306	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	−0.0080%	1h	0.7442	+0.001%	$264K	$850K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7434	−0.109%	$56.3M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7436	−0.087%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7436	−0.087%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7436	−0.075%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.699%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0076%	1h	0.7440	−0.032%	$341K	$495K	20x
01 Exchange ASTERUSD	+0.0088%	1h	0.7437	−0.067%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7438	−0.054%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7439	−0.036%	$917K	$881K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7437	−0.063%	$372K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7441	−0.013%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7442	0.000%	$91.5M	$107.6M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7442	long leg	$49.6M	$22.1M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7444	+0.027%	$12.1M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7440	−0.027%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7442	0.000%	$35.9M	$17.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7442	−0.003%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	+0.013%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7442	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7438	−0.059%	$217K	$448K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	+0.125%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	+0.107%	$468K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7454	+0.161%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7441	−0.013%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7435	−0.094%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7443	+0.013%	$243K	$110K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7451	+0.120%	$215K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7441	−0.008%	$373K	$641K	25x	as long as short
Hyperliquid ASTER	+0.0209%	1h	0.7447	+0.073%	$25.9M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7433	−0.116%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7439	−0.040%	$3.5M	$1.9M	75x	as long as short