Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.077%

Price spread now: Kraken Futures against OKX+0.004%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.643%−$64 on $10k

Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.004%, 7d avg +0.009%

Together, before fees−0.648%−$65 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.643%, 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	OKX ASTER-USDT-SWAP	0.7386	0.0100	pay 0.0050% / 4h	2h 26m	$12.1M	$18.6M	50x
Short	Kraken Futures PF_ASTERUSD	0.7386	0.0227	get 0.0028% / 1h	26m 43s	$340K	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.004%Rate

Funding earned: $26.68
Price spread: +0.004% → +0.009%: −$0.54
Slippage, 4 orders: −$32.94
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$26.8
Costs to cover: 0.529%
Break-even: 14.0 days

Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 41 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 OKX live order book, 2 min ago	0.68 bp	8.4 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 41 min ago	7.36 bp	18.7 bp −$19	37.0 bp −$370	doesn't fit	doesn't fit

ASTER on 31 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	0.7383	−0.041%	$268K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7380	−0.081%	$55.3M	$101.3M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7380	−0.079%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7379	−0.094%	$29K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.054%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7381	−0.068%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7381	−0.068%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7385	−0.014%	$897K	$898K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7378	−0.115%	$367K	$255K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7390	+0.051%	$25.6M	$6.6M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7383	−0.036%	$257K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7381	−0.063%	$90.4M	$110.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7381	−0.068%	$49.3M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7386	long leg	$12.1M	$18.6M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7383	−0.041%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7381	−0.068%	$34.5M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7382	−0.056%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7381	−0.068%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7381	−0.068%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7383	−0.041%	$219K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7358	−0.374%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7374	−0.168%	$458K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7365	−0.284%	$66K	$717K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7377	−0.122%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7381	−0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7379	−0.095%	$244K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7377	−0.122%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7367	−0.260%	$212K	$2.0M	10x	as long as short
dYdX ASTER-USD	+0.0141%	1h	0.7377	−0.128%	$15K	$1K	5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0227%	1h	0.7386	+0.004%	$340K	$489K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7380	−0.088%	$28K	—	100x	as long as short