Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h −0.037%

Price spread now: Kraken Futures against Variational Omni−0.092%7-day average +0.057% · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.325%−$33 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.092%, 7d avg +0.057%

Together, before fees−0.135%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.149% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.057%). If the spread goes back, that is −$15 on $10k: about 2.5 days of funding at the current rate (+$6 a day). Mind the row above: over the last 4 days funding on this pair cost −0.325%, 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	Variational Omni ASTER	0.7244	0.0100	pay 0.0050% / 4h	2h 42m	$2.1M	$391K	—
Short	Kraken Futures PF_ASTERUSD	0.7238	0.0299	get 0.0037% / 1h	42m 17s	$335K	$626K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.092%Rate

Funding earned: $41.72
Price spread: −0.092% → +0.057%: −$14.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $16.81
Costs to cover: 0.100%
Break-even: 4.2 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 6 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 Variational Omni RFQ quote, 2 min ago	4.14 bp	doesn't fit	45.5 bp −$455	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	4.13 bp	15.2 bp −$15	32.5 bp −$325	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	−0.0137%	1h	0.7231	−0.177%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7245	+0.004%	$269K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7231	−0.183%	$52.0M	$112.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7246	+0.021%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7231	−0.183%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7232	−0.169%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.012%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7230	−0.196%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7241	−0.038%	$877K	$920K	5x	as long as short
Extended ASTER-USD	+0.0096%	1h	0.7233	−0.152%	$364K	$637K	25x	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	0.7235	−0.127%	$340K	$286K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7238	−0.093%	$252K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7228	−0.224%	$89.4M	$122.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7229	−0.210%	$48.7M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7235	−0.127%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7230	−0.196%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7228	−0.224%	$33.6M	$20.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7228	−0.217%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7230	−0.196%	$17.6M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7230	−0.196%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7243	−0.011%	$209K	$487K	10x	as long as short
Variational Omni ASTERlong	+0.0100%	4h	0.7244	long leg	$2.1M	$391K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7245	+0.006%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7242	−0.031%	$98K	$733K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7251	+0.093%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7235	−0.127%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7248	+0.052%	$241K	$143K	20x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7238	−0.092%	$24.7M	$8.0M	5x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7256	+0.158%	$212K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0299%	1h	0.7238	−0.092%	$335K	$626K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7231	−0.182%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7245	+0.011%	$3.5M	$2.1M	75x	as long as short