Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h +0.049%

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

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7287	0.0283	pay 0.0035% / 1h	28m 12s	$340K	$578K	20x
Short	Orderly PERP_ASTER_USDC	0.7287	0.0069	get 0.0034% / 4h	28m 12s	$14K	$845	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.001%Rate

Funding earned: −$44.94
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$61.07
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 30 min ago; Orderly: no order-book sample. Net counts fees only.

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, 30 min ago	5.46 bp	16.4 bp −$16	35.8 bp −$358	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit ASTER_USDC-PERPETUAL	−0.0148%	1h	0.7282	−0.063%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7286	−0.020%	$254K	$986K	50x	as long as short
01 Exchange ASTERUSD	−0.0040%	1h	0.7288	+0.012%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	−0.0005%	4h	0.7292	+0.062%	$53.3M	$109.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7289	+0.020%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7287	0.000%	$31K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.412%	$9	$133K	5.5x	as long as short
SoDEX ASTER-USD	+0.0065%	1h	0.7281	−0.084%	$13K	$8K	5x	as long as short
Orderly PERP_ASTER_USDCshort	+0.0069%	4h	0.7287	−0.001%	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7286	−0.016%	$881K	$921K	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	0.7292	+0.074%	$359K	$265K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7294	+0.089%	$25.3M	$6.9M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7290	+0.034%	$254K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7283	−0.054%	$89.2M	$118.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7285	−0.029%	$48.8M	$24.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7287	−0.001%	$12.2M	$19.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7284	−0.042%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7283	−0.056%	$33.4M	$18.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7284	−0.037%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7283	−0.056%	$17.8M	$7.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7286	−0.015%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7287	0.000%	$218K	$494K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7288	+0.016%	$2.1M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7291	+0.048%	$456K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7279	−0.111%	$88K	$726K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7291	+0.054%	$2K	$1.7M	20x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7287	−0.001%	$242K	$141K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7283	−0.061%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7288	+0.019%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0283%	1h	0.7287	long leg	$340K	$578K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7286	−0.019%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7293	+0.081%	$3.4M	$2.1M	75x	as long as short