Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0106%/8h= +11.7% APRpaid last 24h −0.047%

Price spread now: Kraken Futures against KuCoin+0.033%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on KuCoin Short on Kraken Futures

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)−0.054%−$5 · spread now +0.033%, 7d avg +0.003%

Together, before fees−0.620%−$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.031% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.566%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7265	0.0100	pay 0.0050% / 4h	3h 02m	$10.8M	$3.3M	75x
Short	Kraken Futures PF_ASTERUSD	0.7268	0.0206	get 0.0026% / 1h	2m 10s	$336K	$625K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: $22.35
Price spread: +0.033% → +0.003%: $3.05
Slippage, 4 orders: −$66.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$62.79
Costs to cover: 0.882%
Break-even: 26.7 days

Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: live order book, 51 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 KuCoin live order book, 1 min ago	1.99 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 51 min ago	3.43 bp	18.9 bp −$19	37.6 bp −$376	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
Deribit ASTER_USDC-PERPETUAL	−0.0218%	1h	0.7261	−0.056%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0064%	1h	0.7266	+0.017%	$270K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7260	−0.072%	$52.3M	$112.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7267	+0.019%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7266	+0.010%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0016%	1h	0.7263	−0.030%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.718%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0060%	4h	0.7261	−0.058%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7265	+0.001%	$879K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7268	+0.039%	$362K	$274K	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	0.7270	+0.068%	$24.8M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7266	+0.007%	$253K	$82K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7261	−0.058%	$89.9M	$122.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7259	−0.085%	$48.9M	$25.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7263	−0.030%	$12.4M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7263	−0.030%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7262	−0.044%	$33.8M	$20.2M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7265	long leg	$10.8M	$3.3M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7262	−0.044%	$17.7M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7261	−0.058%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7265	+0.001%	$210K	$499K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7307	+0.578%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7297	+0.438%	$455K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7311	+0.630%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7273	+0.107%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7263	−0.030%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7269	+0.052%	$242K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7264	−0.015%	$365K	$634K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7296	+0.421%	$213K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0206%	1h	0.7268	+0.033%	$336K	$625K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7263	−0.029%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7277	+0.162%	$3.5M	$2.1M	75x	as long as short