Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0299%/8h= −32.8% APRpaid last 24h +0.015%

Price spread now: Aster against Kraken Futures−0.088%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.602%+$60 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.088%, 7d avg +0.007%

Together, before fees+0.689%+ Points / potential airdropAster: Stage 5 · farm board+$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.095% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.602%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7225	0.0299	pay 0.0037% / 1h	40m 53s	$335K	$626K	20x
Short	Aster ASTERUSDT	0.7218	0	get 0.0000% / 4h	2h 40m	$51.9M	$112.4M	200x

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$62.83
Price spread: −0.088% → +0.007%: −$9.51
Slippage, 4 orders: −$25.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$116.04
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 7 min ago; Aster: live order book, 3 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 Kraken Futures live order book, 7 min ago	4.13 bp	16.2 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.69 bp	6.7 bp −$7	13.6 bp −$136	87.4 bp −$8,738	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	−0.0248%	1h	0.7223	−0.028%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7236	+0.160%	$268K	$1.1M	50x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7218	−0.088%	$51.9M	$112.4M	200x
dYdX ASTER-USD	0.0000%	1h	0.7236	+0.157%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7225	+0.005%	$8K	$4K	10x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7225	+0.006%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.289%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7227	+0.033%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0088%	1h	0.7220	−0.071%	$362K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7224	−0.009%	$874K	$922K	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	0.7231	+0.088%	$340K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7226	+0.012%	$24.7M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7232	+0.104%	$252K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7215	−0.127%	$89.1M	$122.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7216	−0.120%	$48.6M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7220	−0.064%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7218	−0.092%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7221	−0.051%	$33.7M	$20.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7219	−0.074%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7216	−0.120%	$17.6M	$8.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7216	−0.120%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7219	−0.071%	$209K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7220	−0.066%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7245	+0.277%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7244	+0.268%	$98K	$733K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7234	+0.129%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7219	−0.078%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7218	−0.092%	$240K	$144K	20x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7241	+0.231%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0299%	1h	0.7225	long leg	$335K	$626K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.029%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7217	−0.106%	$3.5M	$2.1M	75x	as long as short