Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0185%/8h= −20.2% APRpaid last 24h +0.059%

Price spread now: SunX against Kraken Futures+0.033%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2772.772% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.674%+$67 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.033%, 7d avg +0.106%

Together, before fees+0.765%+$77 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 SunX is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.106%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.674%, 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	0.7245	0.0285	pay 0.0036% / 1h	47m 55s	$351K	$534K	20x
Short	SunX ASTER-USDT	0.7247	0.0100	get 0.0050% / 4h	47m 55s	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$38.77
Price spread: +0.033% → +0.106%: −$7.26
Slippage, 4 orders: −$259.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$323.18
Costs to cover: 2.772%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 10 min ago; SunX: live order book, 7 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, 10 min ago	5.46 bp	16.4 bp −$16	35.8 bp −$358	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	31.95 bp	135.9 bp −$136	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	−0.0072%	1h	0.7235	−0.132%	$283K	$924K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0054%	1h	0.7241	−0.045%	$11K	$71K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7227	−0.239%	$53.7M	$106.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7223	−0.301%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0003%	1h	0.7242	−0.035%	$28K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.007%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0076%	4h	0.7240	−0.063%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7243	−0.019%	$876K	$917K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7231	−0.187%	$8K	$4K	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7234	−0.148%	$364K	$259K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7236	−0.117%	$251K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7224	−0.277%	$89.0M	$114.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7226	−0.256%	$48.3M	$24.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7231	−0.187%	$12.1M	$19.1M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7228	−0.229%	$6.3M	$5.4M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7226	−0.256%	$32.8M	$18.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7226	−0.251%	$10.6M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7228	−0.229%	$17.7M	$7.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7226	−0.256%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7229	−0.210%	$211K	$490K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7305	+0.830%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+1.276%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7310	+0.903%	$84K	$722K	50x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7247	+0.033%	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7239	−0.077%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7233	−0.160%	$240K	$126K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7228	−0.222%	$361K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7336	+1.268%	$213K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0140%	1h	0.7237	−0.112%	$25.0M	$6.7M	5x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0285%	1h	0.7245	long leg	$351K	$534K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7242	−0.029%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7286	+0.572%	$3.5M	$1.8M	75x	as long as short