Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h +0.042%

Price spread now: KuCoin against Kraken Futures+0.078%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.566%+$57 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.078%, 7d avg −0.001%

Together, before fees+0.504%+$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.079% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.001%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 32 hours. Mind the row above: over the last 7 days funding on this pair paid +0.566%, 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	0.7260	0.0298	pay 0.0037% / 1h	35m 50s	$336K	$626K	20x
Short	KuCoin ASTERUSDTM	0.7265	0.0100	get 0.0050% / 4h	2h 35m	$10.7M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$41.53
Price spread: +0.078% → −0.001%: $7.88
Slippage, 4 orders: −$48.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$104.59
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 12 min ago; KuCoin: live order book, 8 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, 12 min ago	4.13 bp	16.2 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.69 bp	24.1 bp −$24	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	−0.0048%	1h	0.7253	−0.089%	$267K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7269	+0.124%	$52.2M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7255	−0.066%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7257	−0.036%	$6K	$7K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7257	−0.035%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7256	−0.045%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.796%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7259	−0.009%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0064%	1h	0.7269	+0.124%	$364K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7272	+0.165%	$880K	$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	0.7254	−0.071%	$341K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7276	+0.228%	$24.9M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7258	−0.025%	$253K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7268	+0.115%	$89.7M	$122.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7268	+0.115%	$49.0M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7270	+0.143%	$12.5M	$20.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7265	+0.074%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7268	+0.115%	$34.3M	$20.6M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7265	+0.078%	$10.7M	$3.3M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7268	+0.115%	$17.8M	$8.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7269	+0.129%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7268	+0.111%	$210K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7253	−0.086%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7217	−0.592%	$444K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7228	−0.436%	$98K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7268	+0.115%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7255	−0.064%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7256	−0.050%	$242K	$145K	20x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7219	−0.553%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0298%	1h	0.7260	long leg	$336K	$626K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7258	−0.026%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7245	−0.202%	$3.5M	$2.1M	75x	as long as short