Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.081%

Price spread now: Kraken Futures against MEXC+0.031%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.626%−$63 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.031%, 7d avg +0.007%

Together, before fees−0.664%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.024% dearer against MEXC than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.007%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.626% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ASTER_USDT	0.7459	0.0100	pay 0.0050% / 4h	3h 12m	$35.7M	$17.1M	100x
Short	Kraken Futures PF_ASTERUSD	0.7461	0.0075	get 0.0009% / 1h	12m 00s	$342K	$496K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$5.16
Price spread: +0.031% → +0.007%: $2.4
Slippage, 4 orders: −$26.7
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.46
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 61 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 MEXC live order book, 2 min ago	0.67 bp	1.9 bp −$2	4.8 bp −$48	27.7 bp −$2,771	141.8 bp −$70.9K
Sell Kraken Futures live order book, 61 min ago	5.37 bp	16.9 bp −$17	30.6 bp −$306	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	−0.0080%	1h	0.7456	−0.039%	$265K	$853K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7457	−0.026%	$56.4M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7453	−0.087%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7455	−0.048%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7457	−0.022%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.925%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0075%	1h	0.7461	+0.031%	$342K	$496K	20x
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7458	−0.013%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7461	+0.025%	$920K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7456	−0.040%	$8K	$4K	10x	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	0.7454	−0.065%	$373K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7459	+0.005%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7457	−0.027%	$91.7M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7456	−0.040%	$49.7M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7460	+0.013%	$12.1M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7458	−0.013%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7459	long leg	$35.7M	$17.1M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7458	−0.012%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7456	−0.040%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7459	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7455	−0.048%	$217K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7445	−0.183%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7458	−0.012%	$461K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7460	+0.013%	$67K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7464	+0.067%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7456	−0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7455	−0.054%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7454	−0.062%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7455	−0.054%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0215%	1h	0.7465	+0.079%	$26.0M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7455	−0.055%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7460	+0.013%	$3.5M	$1.8M	75x	as long as short