Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h +0.050%

Price spread now: BingX against Kraken Futures−0.058%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.667%+$67 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.058%, 7d avg −0.024%

Together, before fees+0.724%+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.667%, 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	0.7307	0.0205	pay 0.0026% / 1h	32m 19s	$339K	$610K	20x
Short	BingX ASTER-USDT	0.7303	0.0100	get 0.0050% / 4h	3h 32m	—	$9.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$22.11
Price spread: −0.058% → −0.024%: −$3.43
Slippage, 4 orders: −$34.15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$79.69
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 21 min ago; BingX: live order book, 6 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, 21 min ago	3.43 bp	19.4 bp −$19	43.5 bp −$435	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.06 bp	8.3 bp −$8	13.6 bp −$136	40.5 bp −$4,051	149.4 bp −$74.7K

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	−0.0064%	1h	0.7303	−0.063%	$253K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7303	−0.054%	$52.8M	$111.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7303	−0.062%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7303	−0.061%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7304	−0.045%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.133%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7307	−0.003%	$13K	$1K	10x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7305	−0.031%	$8K	$4K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7308	+0.005%	$884K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7304	−0.040%	$362K	$272K	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	0.7308	+0.013%	$255K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7302	−0.066%	$90.3M	$121.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7303	−0.058%	$49.1M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7305	−0.031%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7303	−0.058%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7303	−0.058%	$34.0M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7305	−0.026%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7301	−0.085%	$17.8M	$7.8M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7303	−0.058%	—	$9.9M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7309	+0.019%	$208K	$498K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7293	−0.192%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7306	−0.015%	$457K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7300	−0.099%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7310	+0.038%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7302	−0.072%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7301	−0.085%	$243K	$142K	20x	as long as short
Hyperliquid ASTER	+0.0102%	1h	0.7309	+0.031%	$24.9M	$8.0M	5x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7303	−0.062%	$365K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7302	−0.073%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0205%	1h	0.7307	long leg	$339K	$610K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7302	−0.065%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7307	−0.003%	$3.5M	$2.1M	75x	as long as short