Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.188%

Price spread now: Kraken Futures against Aster−0.055%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.055% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LAYERUSDT	0.07642	0.0100	pay 0.0050% / 4h	1h 56m	$9K	$2K	5x
Short	Kraken Futures PF_LAYERUSD	0.07637	−0.0448	pay 0.0056% / 1h	56m 15s	$8K	$964	10x

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 −0.055%Rate

Funding earned: −$115.06
Price spread: −0.055% → 0.000%: −$5.53
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$138.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster and Kraken Futures: 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.

LAYER on 13 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_LAYERUSDshort	−0.0448%	1h	0.07637	−0.055%	$8K	$964	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.811%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0061%	4h	0.07631	−0.139%	$114K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07644	+0.024%	$587K	$163K	3x	as long as short
Aster LAYERUSDTlong	+0.0100%	4h	0.07642	long leg	$9K	$2K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07639	−0.032%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07631	−0.139%	$700K	$653K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07635	−0.087%	$137K	$54K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07637	−0.061%	$352K	$112K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07641	−0.008%	$1.1M	$163K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07640	−0.021%	$26K	$185K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07639	−0.029%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0172%	4h	0.07639	−0.034%	—	$1.6M	—	as long as short