Funding arb · Price arb /

FIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0795%/8h= +87.1% APRpaid last 24h +0.029%

Price spread now: Aster against Kraken Futures−0.015%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−$66as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Kraken Futures Short on Aster

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)+0.068%+$7 · spread now −0.015%, 7d avg +0.037%

Together, before fees+0.162%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.037%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$24 a day). At the pace of the last 5 days (+0.095% in total) that is about 2.9 days.

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 6.6% 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	Kraken Futures PF_FILUSD	0.9876	−0.0695	get 0.0087% / 1h	37m 25s	$1.4M	$2.3M	50x
Short	Aster FILUSDT	0.9875	0.0100	get 0.0100% / 8h	1h 37m	$488K	$525K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $166.96
Price spread: −0.015% → +0.037%: −$5.19
Slippage, 4 orders: −$42.83
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $100.94
Costs to cover: 0.608%
Break-even: 2.8 days

Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 45 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 Kraken Futures live order book, 1 min ago	2.53 bp	18.4 bp −$18	38.0 bp −$380	doesn't fit	doesn't fit
Sell Aster live order book, 45 min ago	10.15 bp	14.2 bp −$14	36.0 bp −$360	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
Kraken Futures PF_FILUSDlong	−0.0695%	1h	0.9876	long leg	$1.4M	$2.3M	50x
Deribit FIL_USDC-PERPETUAL	−0.0458%	1h	0.9876	−0.005%	$170K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0376%	1h	0.9873	−0.035%	$316K	$1.9M	50x	as long as short
Injective FIL/USDC PERP	−0.0252%	1h	0.9855	−0.217%	$2K	$240K	12x	as long as short
Lighter FIL	−0.0024%	1h	0.9864	−0.126%	$158K	$349K	5x	as long as short
Bitget FILUSDT	−0.0018%	8h	0.9866	−0.106%	$11.0M	$21.4M	75x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9871	−0.051%	$25K	—	150x	as long as short
Bybit FILUSDT	−0.0002%	8h	0.9867	−0.096%	$15.5M	$18.0M	25x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9871	−0.059%	$58K	$2K	10x	as long as short
KuCoin FILUSDTM	+0.0011%	8h	0.9867	−0.096%	$7.4M	$7.0M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FIL-USDT-SWAP	+0.0029%	8h	0.9870	−0.066%	$18.1M	$97.0M	50x	as long as short
MEXC FIL_USDC	+0.0074%	8h	0.9866	−0.106%	$251K	$104K	50x	as long as short
Binance FILUSDT	+0.0078%	8h	0.9868	−0.086%	$56.8M	$174.9M	75x	as long as short
Extended FIL-USD	+0.0080%	1h	0.9867	−0.094%	$689K	$2.3M	10x	as long as short
BingX FIL-USDC	+0.0082%	8h	0.9867	−0.096%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0091%	8h	0.9897	+0.211%	$441K	$277K	—	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9868	−0.088%	$8.6M	$9.4M	5x	as long as short
Aster FILUSDTshort	+0.0100%	8h	0.9875	−0.015%	$488K	$525K	20x
Gate FIL_USDT	+0.0100%	8h	0.9865	−0.116%	$7.8M	$16.2M	50x	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9884	+0.074%	$45K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9885	+0.082%	$287K	$803K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9890	+0.137%	$30K	$198K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9875	−0.013%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9860	−0.167%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9870	−0.066%	$482	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9873	−0.035%	$624K	$5.6M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9870	−0.066%	$1.1M	$2.3M	50x	as long as short
BloFin FIL-USDT	+0.0200%	8h	0.9887	+0.107%	$2.6M	$656K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]	L +0.0616% / S −0.0742%	1h	0.9871	−0.053%	$214K	—	100x	as long as short