Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0162%/8h= +17.8% APRpaid last 24h −0.090%

Price spread now: Kraken Futures against Orderly−0.040%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.040% cheaper against Orderly than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7407	0.0100	pay 0.0050% / 4h	2h 35m	$14K	$845	10x
Short	Kraken Futures PF_ASTERUSD	0.7404	0.0262	get 0.0033% / 1h	35m 42s	$285K	$419K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now −0.040%Rate

Funding earned: $34.12
Price spread: −0.040% → 0.000%: −$4.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $14.11
Costs to cover: 0.160%
Break-even: 4.1 days

Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 52 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 52 min ago	8.76 bp	20.7 bp −$21	38.2 bp −$382	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0160%	1h	0.7399	−0.107%	$251K	$832K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0128%	1h	0.7401	−0.084%	$11K	$87K	25x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.405%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7404	−0.043%	$56.8M	$99.7M	200x	as long as short
dYdX ASTER-USD	+0.0004%	1h	0.7402	−0.064%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	−0.077%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7408	+0.016%	$910K	$836K	5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0100%	4h	0.7407	long leg	$14K	$845	10x
Nado ASTER-PERP	+0.0100%	1h	0.7404	−0.041%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7408	+0.012%	$254K	$108K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7406	−0.014%	$90.7M	$105.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7406	−0.014%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7406	−0.014%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7403	−0.054%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7405	−0.027%	$33.9M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7405	−0.028%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7405	−0.027%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7407	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7402	−0.066%	$265K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7400	−0.101%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7401	−0.081%	$460K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.081%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7409	+0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7399	−0.108%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7403	−0.054%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7402	−0.065%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7394	−0.174%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7406	−0.014%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0262%	1h	0.7404	−0.040%	$285K	$419K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7402	−0.061%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7419	+0.162%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0499%	1h	0.7412	+0.073%	$26.0M	$6.8M	5x	as long as short