Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.148%

Price spread now: BloFin against Kraken Futures−0.068%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs+$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.072%+$107 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.068%, 7d avg −0.009%

Together, before fees+1.165%+$117 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.009%). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+1.072% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7370	0.0228	pay 0.0028% / 1h	49m 16s	$339K	$500K	20x
Short	BloFin ASTER-USDT	0.7365	0.0340	get 0.0170% / 4h	2h 49m	$3.5M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $23.61
Price spread: −0.068% → −0.009%: −$5.94
Slippage, 4 orders: −$25.93
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.25
Costs to cover: 0.479%
Break-even: 16.0 days

Slippage from Kraken Futures: live order book, 19 min ago; BloFin: live order book, 4 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, 19 min ago	7.36 bp	14.6 bp −$15	33.7 bp −$337	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.68 bp	7.4 bp −$7	16.4 bp −$164	59.5 bp −$5,950	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	−0.0080%	1h	0.7385	+0.206%	$271K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7373	+0.037%	$55.6M	$101.2M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7365	−0.066%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7370	−0.002%	$29K	—	150x	as long as short
ApeX Omni ASTERUSDT	+0.0026%	1h	0.7374	+0.054%	$66K	$715K	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.271%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0048%	1h	0.7377	+0.094%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7361	−0.123%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7371	+0.018%	$895K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7374	+0.061%	$367K	$257K	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	0.7382	+0.157%	$253K	$71K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7369	−0.014%	$90.2M	$109.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7371	+0.013%	$49.4M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7375	+0.067%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7372	+0.027%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7370	−0.001%	$35.1M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7373	+0.044%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7366	−0.055%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7368	−0.028%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7387	+0.230%	$221K	$474K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7371	+0.018%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7360	−0.132%	$459K	$3.8M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7369	−0.014%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7367	−0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7373	+0.040%	$241K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7365	−0.069%	$369K	$641K	25x	as long as short
Hyperliquid ASTER	+0.0106%	1h	0.7381	+0.155%	$25.6M	$6.6M	5x	as long as short
edgeX ASTERUSDC	+0.0115%	4h	0.7356	−0.185%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0228%	1h	0.7370	long leg	$339K	$500K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7366	−0.058%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7365	−0.068%	$3.5M	$1.9M	75x
dYdX ASTER-USD	+0.0464%	1h	0.7377	+0.092%	$15K	$1K	5x	as long as short