Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h +0.046%

Price spread now: Variational Omni against Kraken Futures−0.333%7-day average −0.058% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.327%+$33 on $10k

Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.333%, 7d avg −0.058%

Together, before fees+0.616%+ Points / potential airdropVariational Omni: Active · farm board+$62 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 Variational Omni is 0.275% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.058%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.327%, 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	0.7313	0.0282	pay 0.0035% / 1h	29m 56s	$341K	$578K	20x
Short	Variational Omni ASTER	0.7288	0.0100	get 0.0050% / 4h	29m 56s	$2.1M	$395K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.333%Rate

Funding earned: −$38.21
Price spread: −0.333% → −0.058%: −$27.51
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$75.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 28 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 28 min ago	5.46 bp	16.4 bp −$16	35.8 bp −$358	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.14 bp	doesn't fit	33.2 bp −$332	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	0.7309	−0.053%	$255K	$988K	50x	as long as short
01 Exchange ASTERUSD	−0.0048%	1h	0.7309	−0.048%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	−0.0014%	4h	0.7311	−0.027%	$53.4M	$109.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7309	−0.054%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7307	−0.077%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7308	−0.061%	$31K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.059%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0069%	4h	0.7309	−0.048%	$14K	$845	10x	as long as short
SoDEX ASTER-USD	+0.0073%	1h	0.7307	−0.076%	$13K	$8K	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7310	−0.036%	$884K	$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	0.7307	−0.083%	$360K	$265K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7329	+0.226%	$25.4M	$6.9M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7310	−0.038%	$255K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7317	+0.061%	$89.6M	$118.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7318	+0.075%	$49.1M	$24.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7322	+0.129%	$12.3M	$19.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7317	+0.061%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7312	−0.007%	$33.5M	$18.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7321	+0.122%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7320	+0.102%	$17.8M	$7.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7322	+0.129%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7321	+0.112%	$219K	$494K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7288	−0.333%	$2.1M	$395K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7256	−0.767%	$448K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7279	−0.459%	$88K	$726K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7313	+0.006%	$2K	$1.7M	20x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7308	−0.062%	$243K	$140K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7318	+0.070%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7243	−0.946%	$210K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0282%	1h	0.7313	long leg	$341K	$578K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7304	−0.114%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7288	−0.336%	$3.5M	$2.1M	75x	as long as short