Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.6971%/8h= +763.3% APRpaid last 24h +0.617%

Price spread now: Kraken Futures against Aster+0.825%7-day average — · you sell dearer than you buy

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 for this trade now. Funding pays +$209 a day on $10k at the current rate, and Kraken Futures is 0.825% dearer against Aster than usual: you sell high and buy low: +$82 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOTUSDT	0.0005039	0.0100	pay 0.0050% / 4h	2h 44m	$14K	$13K	5x
Short	Kraken Futures PF_NOTUSD	0.0005081	0.7071	get 0.0884% / 1h	44m 42s	$49K	$9K	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 +0.825%Rate

Funding earned: $1,463.83
Price spread: +0.825% → 0.000%: $82.46
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,528.29
Costs to cover: 0.180%
Break-even: from the start

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.

NOT on 16 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
Variational Omni NOT	+0.0014%	4h	0.0005039	−0.019%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.284%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0063%	4h	0.0005044	+0.089%	$113K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005050	+0.214%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.010%	$368K	$50K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005039	long leg	$14K	$13K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005037	−0.044%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005037	−0.050%	$2.1M	$804K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005038	−0.030%	$610K	$577K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005037	−0.050%	$140K	$76K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005038	−0.030%	$1.4M	$484K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005036	−0.069%	$489K	$116K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005044	+0.089%	$664K	$380K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005040	+0.010%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005037	−0.041%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.7071%	1h	0.0005081	+0.825%	$49K	$9K	10x