Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h +0.044%

Price spread now: Binance against Kraken Futures−0.144%7-day average −0.004% · 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−$59as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.614%+$61 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.144%, 7d avg −0.004%

Together, before fees+0.766%+$77 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.140% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.614%, 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	0.7224	0.0299	pay 0.0037% / 1h	39m 54s	$335K	$626K	20x
Short	Binance ASTERUSDT	0.7214	0.0100	get 0.0050% / 4h	2h 39m	$89.0M	$122.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.144%Rate

Funding earned: −$41.83
Price spread: −0.144% → −0.004%: −$13.99
Slippage, 4 orders: −$25.44
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.26
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 8 min ago; Binance: 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, 8 min ago	4.13 bp	16.2 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.69 bp	8.3 bp −$8	14.4 bp −$144	50.3 bp −$5,034	227.9 bp −$113.9K

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	−0.0165%	1h	0.7222	−0.039%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7217	−0.098%	$267K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7216	−0.114%	$51.9M	$112.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7220	−0.063%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7219	−0.075%	$6K	$7K	10x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7223	−0.021%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.292%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7220	−0.061%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0080%	1h	0.7222	−0.036%	$362K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7224	0.000%	$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	0.7221	−0.040%	$339K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7229	+0.063%	$24.7M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7219	−0.078%	$251K	$83K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7214	−0.144%	$89.0M	$122.5M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7212	−0.172%	$48.6M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7217	−0.103%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7223	−0.020%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7213	−0.158%	$33.6M	$20.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7222	−0.038%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7217	−0.103%	$17.7M	$8.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7213	−0.158%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7225	+0.005%	$209K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7220	−0.063%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7245	+0.280%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7244	+0.271%	$98K	$733K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7234	+0.133%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7219	−0.075%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7229	+0.063%	$241K	$145K	20x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7241	+0.234%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0299%	1h	0.7224	long leg	$335K	$626K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.018%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7217	−0.103%	$3.5M	$2.1M	75x	as long as short