Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0492%/8h= −53.9% APRpaid last 24h −0.039%

Price spread now: Kraken Futures against Aster−0.005%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.095%−$9 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.005%, 7d avg −0.037%

Together, before fees−0.143%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.032% dearer against Aster than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 5 days (−0.095% in total) that is about 43 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.095% in total (about -6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster FILUSDT	0.9926	0.0100	pay 0.0100% / 8h	53m 32s	$499K	$529K	20x
Short	Kraken Futures PF_FILUSD	0.9925	−0.0392	pay 0.0049% / 1h	53m 32s	$1.4M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$103.33
Price spread: −0.005% → −0.037%: $3.23
Slippage, 4 orders: −$44.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$162.21
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Aster: live order book, 24 min ago; Kraken Futures: live order book, 5 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 Aster live order book, 24 min ago	10.09 bp	14.1 bp −$14	38.0 bp −$380	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.53 bp	15.4 bp −$15	31.3 bp −$313	doesn't fit	doesn't fit

FIL on 29 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 FIL_USDC-PERPETUAL	−0.0958%	1h	0.9924	−0.017%	$171K	$23K	25x	as long as short
ApeX Omni FILUSDT	−0.0508%	1h	0.9900	−0.259%	$30K	$197K	50x	as long as short
Kraken Futures PF_FILUSDshort	−0.0392%	1h	0.9925	−0.005%	$1.4M	$2.4M	50x
Coinbase International FIL-PERP-INTX	−0.0352%	1h	0.9890	−0.360%	$319K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0245%	1h	0.9855	−0.712%	$2K	$240K	12x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9923	−0.030%	$25K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9916	−0.095%	$58K	$2K	10x	as long as short
KuCoin FILUSDTM	+0.0002%	8h	0.9924	−0.017%	$7.4M	$7.1M	50x	as long as short
Bitget FILUSDT	+0.0021%	8h	0.9918	−0.077%	$11.0M	$21.6M	75x	as long as short
OKX FIL-USDT-SWAP	+0.0029%	8h	0.9919	−0.067%	$18.2M	$99.0M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit FILUSDT	+0.0043%	8h	0.9924	−0.017%	$15.4M	$18.2M	25x	as long as short
Extended FIL-USD	+0.0064%	1h	0.9924	−0.022%	$692K	$2.3M	10x	as long as short
MEXC FIL_USDC	+0.0064%	8h	0.9918	−0.077%	$252K	$103K	50x	as long as short
Binance FILUSDT	+0.0067%	8h	0.9921	−0.049%	$57.4M	$177.8M	75x	as long as short
BingX FIL-USDT	+0.0075%	8h	0.9922	−0.037%	—	$11.9M	—	as long as short
Lighter FIL	+0.0096%	1h	0.9910	−0.161%	$159K	$347K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9921	−0.050%	$8.6M	$9.5M	5x	as long as short
Aster FILUSDTlong	+0.0100%	8h	0.9926	long leg	$499K	$529K	20x
Gate FIL_USDT	+0.0100%	8h	0.9923	−0.027%	$8.0M	$16.1M	50x	as long as short
Variational Omni FIL	+0.0100%	8h	0.9896	−0.297%	$441K	$277K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9884	−0.418%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9884	−0.419%	$293K	$798K	10x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9927	+0.016%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9910	−0.158%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9916	−0.098%	$487	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9921	−0.047%	$629K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9930	+0.043%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0189%	8h	0.9884	−0.420%	$2.7M	$606K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0573% / S −0.0666%	1h	0.9921	−0.048%	$197K	—	100x	as long as short