Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h +0.048%

Price spread now: edgeX against Kraken Futures−0.168%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs+$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.634%+$63 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.168%, 7d avg −0.050%

Together, before fees+0.781%+ Points / potential airdropedgeX: Active · farm board+$78 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 edgeX is 0.118% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.050%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.634%, 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	0.7233	0.0299	pay 0.0037% / 1h	23m 05s	$335K	$627K	20x
Short	edgeX ASTERUSDC	0.7221	0.0115	get 0.0058% / 4h	2h 23m	$211K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$38.52
Price spread: −0.168% → −0.050%: −$11.8
Slippage, 4 orders: −$25.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$95.08
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 25 min ago; edgeX: live order book, 1 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, 25 min ago	4.13 bp	16.2 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	2.07 bp	6.7 bp −$7	12.8 bp −$128	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	−0.0048%	1h	0.7231	−0.027%	$265K	$1.2M	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7225	−0.114%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7231	−0.029%	$51.9M	$112.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7240	+0.087%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7229	−0.062%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7228	−0.070%	$23K	—	150x	as long as short
Extended ASTER-USD	+0.0008%	1h	0.7231	−0.038%	$364K	$637K	25x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.167%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0052%	4h	0.7229	−0.059%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7231	−0.035%	$875K	$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	0.7232	−0.017%	$339K	$282K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7242	+0.118%	$24.7M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7240	+0.099%	$252K	$84K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7236	+0.032%	$89.4M	$123.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7232	−0.017%	$48.7M	$25.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7236	+0.038%	$12.4M	$20.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7227	−0.086%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7231	−0.031%	$33.9M	$20.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7230	−0.050%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7235	+0.024%	$17.7M	$8.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7237	+0.052%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7237	+0.049%	$210K	$488K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7215	−0.248%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7236	+0.038%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7223	−0.142%	$98K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7238	+0.066%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7230	−0.045%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7229	−0.059%	$241K	$146K	20x	as long as short
edgeX ASTERUSDCshort	+0.0115%	4h	0.7221	−0.168%	$211K	$2.1M	10x
Kraken Futures PF_ASTERUSDlong	+0.0299%	1h	0.7233	long leg	$335K	$627K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7231	−0.038%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7232	−0.017%	$3.5M	$2.0M	75x	as long as short