Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h +0.069%

Price spread now: HTX against Kraken Futures−0.052%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.679%+$68 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.052%, 7d avg −0.012%

Together, before fees+0.754%+$75 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.040% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.679%, 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	0.7326	0.0245	pay 0.0031% / 1h	36m 34s	$337K	$491K	20x
Short	HTX ASTER-USDT	0.7322	0.0100	get 0.0050% / 4h	1h 36m	$243K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$30.39
Price spread: −0.052% → −0.012%: −$4.03
Slippage, 4 orders: −$110.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$167.02
Costs to cover: 1.326%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 26 min ago; HTX: live order book, 25 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, 26 min ago	4.74 bp	14.9 bp −$15	30.6 bp −$306	doesn't fit	doesn't fit
Sell HTX live order book, 25 min ago	8.81 bp	20.1 bp −$20	doesn't fit	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	−0.0088%	1h	0.7319	−0.086%	$271K	$875K	50x	as long as short
01 Exchange ASTERUSD	−0.0008%	1h	0.7329	+0.044%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7321	−0.066%	$54.5M	$101.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7326	−0.004%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7321	−0.068%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7324	−0.028%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.876%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0089%	4h	0.7320	−0.079%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7325	−0.014%	$888K	$901K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7326	+0.008%	$367K	$255K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7325	−0.007%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7326	+0.008%	$255K	$72K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7325	−0.011%	$90.0M	$110.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7327	+0.016%	$48.9M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7329	+0.044%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7322	−0.052%	$6.3M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7326	+0.003%	$33.5M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7321	−0.062%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7327	+0.016%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7327	+0.016%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7323	−0.032%	$214K	$482K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7319	−0.092%	$2.0M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7322	−0.048%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7328	+0.030%	$65K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7334	+0.112%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7320	−0.079%	$13K	$8K	5x	as long as short
HTX ASTER-USDTshort	+0.0100%	4h	0.7322	−0.052%	$243K	$117K	20x
Extended ASTER-USD	+0.0104%	1h	0.7327	+0.023%	$367K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7324	−0.027%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0245%	1h	0.7326	long leg	$337K	$491K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7323	−0.039%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7324	−0.025%	$3.5M	$1.9M	75x	as long as short