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= +17.7% APRpaid last 24h −0.081%

Price spread now: Kraken Futures against GRVT+0.041%75s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.601% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.611%−$61 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.041%, 7d avg +0.028%

Together, before fees−0.688%+ Points / potential airdropGRVT: Active · farm board−$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.611%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ASTER_USDT_Perp	0.7401	0.0100	pay 0.0050% / 4h	2h 36m	$460K	$4.0M	10x
Short	Kraken Futures PF_ASTERUSD	0.7404	0.0262	get 0.0033% / 1h	36m 04s	$285K	$419K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now +0.041%Rate

Funding earned: $34.03
Price spread: +0.041% → +0.028%: $1.35
Slippage, 4 orders: −$41.11
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$24.72
Costs to cover: 0.601%
Break-even: 12.1 days

Slippage from GRVT: live order book, 3 min ago; Kraken Futures: live order book, 51 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 GRVT live order book, 3 min ago	0.68 bp	11.1 bp −$11	22.6 bp −$226	5817.1 bp −$581.7K	69051.5 bp −$34.53M
Sell Kraken Futures live order book, 51 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	0.7399	−0.025%	$251K	$832K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0128%	1h	0.7401	−0.002%	$11K	$87K	25x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.324%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7405	+0.050%	$56.8M	$99.7M	200x	as long as short
dYdX ASTER-USD	+0.0005%	1h	0.7402	+0.017%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	+0.005%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7406	+0.068%	$910K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7407	+0.081%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7404	+0.041%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7407	+0.079%	$254K	$108K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7401	0.000%	$90.6M	$105.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7403	+0.027%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7401	0.000%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7402	+0.014%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7401	0.000%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7405	+0.057%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7402	+0.014%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7402	+0.014%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7402	+0.015%	$265K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7400	−0.020%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perplong	+0.0100%	4h	0.7401	long leg	$460K	$4.0M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	0.000%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7409	+0.108%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7399	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7403	+0.027%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7401	−0.006%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7394	−0.093%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7406	+0.068%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0262%	1h	0.7404	+0.041%	$285K	$419K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7402	+0.020%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7419	+0.243%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0499%	1h	0.7414	+0.171%	$26.0M	$6.8M	5x	as long as short