ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.048%

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

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.647%+$65 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.011%, 7d avg +0.033%

Together, before fees+0.689%+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.044% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.033%). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.647% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7349	0.0042	pay 0.0005% / 1h	7m 48s	$341K	$671K	20x
Short	Backpack ASTER_USDC_PERP	0.7348	0.0166	get 0.0021% / 1h	7m 48s	$210K	$493K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.011%Rate

Funding earned: $26.08
Price spread: −0.011% → +0.033%: −$4.39
Slippage, 4 orders: −$26.48
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$24.78
Costs to cover: 0.465%
Break-even: 13.6 days

Slippage from Kraken Futures: live order book, 35 min ago; Backpack: live order book, 36 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, 35 min ago	7.47 bp	19.2 bp −$19	35.6 bp −$356	doesn't fit	doesn't fit
Sell Backpack live order book, 36 min ago	0.07 bp	6.4 bp −$6	doesn't fit	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	−0.0024%	1h	0.7338	−0.146%	$254K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7341	−0.104%	$52.2M	$116.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7335	−0.195%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7343	−0.075%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7342	−0.094%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.559%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0042%	1h	0.7349	long leg	$341K	$671K	20x
Orderly PERP_ASTER_USDC	+0.0074%	4h	0.7347	−0.026%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7345	−0.055%	$889K	$956K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7338	−0.149%	$347K	$298K	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	0.7341	−0.108%	$258K	$114K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7339	−0.129%	$92.9M	$132.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7340	−0.122%	$49.6M	$26.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7343	−0.081%	$12.5M	$22.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7343	−0.081%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7345	−0.054%	$35.2M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7345	−0.055%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7338	−0.149%	$18.0M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7341	−0.108%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7335	−0.194%	$2.1M	$393K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	−0.167%	$451K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7338	−0.149%	$100K	$740K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7354	+0.069%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7343	−0.081%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7338	−0.149%	$245K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7343	−0.083%	$367K	$651K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7338	−0.153%	$214K	$2.2M	10x	as long as short
Backpack ASTER_USDC_PERPshort	+0.0166%	1h	0.7348	−0.011%	$210K	$493K	10x
01 Exchange ASTERUSD	+0.0168%	1h	0.7342	−0.094%	$6K	$7K	10x	as long as short
Hyperliquid ASTER	+0.0257%	1h	0.7348	−0.015%	$25.1M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7342	−0.090%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7338	−0.149%	$3.6M	$2.1M	75x	as long as short