Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h +0.045%

Price spread now: Gate against Kraken Futures−0.030%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$660.655% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.592%+$59 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.030%, 7d avg 0.000%

Together, before fees+0.725%+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.031% 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 0.000%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.592%, 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	0.7340	0.0281	pay 0.0035% / 1h	53m 58s	$338K	$489K	20x
Short	Gate ASTER_USDT	0.7338	0.0100	get 0.0050% / 4h	53m 58s	$6.4M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: −$37.99
Price spread: −0.030% → 0.000%: −$3.07
Slippage, 4 orders: −$40.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$106.57
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Gate: 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, 4 min ago	5.46 bp	16.4 bp −$16	35.8 bp −$358	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.68 bp	18.0 bp −$18	29.4 bp −$294	126.3 bp −$12.6K	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	−0.0072%	1h	0.7328	−0.172%	$277K	$884K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7341	+0.004%	$54.6M	$102.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7347	+0.086%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7336	−0.056%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7338	−0.027%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.678%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0077%	4h	0.7338	−0.030%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7342	+0.024%	$894K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7343	+0.038%	$368K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7346	+0.080%	$255K	$73K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7337	−0.044%	$90.5M	$111.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7337	−0.044%	$48.8M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7339	−0.017%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7338	−0.030%	$6.4M	$5.3M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7338	−0.030%	$33.7M	$18.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7340	−0.003%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7340	−0.003%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7339	−0.017%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7340	−0.002%	$218K	$486K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7353	+0.178%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7329	−0.148%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7335	−0.071%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7353	+0.174%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7338	−0.030%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7342	+0.024%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7334	−0.091%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7328	−0.160%	$212K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0120%	1h	0.7344	+0.051%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0175%	1h	0.7346	+0.081%	$25.5M	$6.5M	5x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0281%	1h	0.7340	long leg	$338K	$489K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7335	−0.073%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7346	+0.079%	$3.5M	$1.9M	75x	as long as short