Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2720%/8h= −297.9% APRpaid last 24h −0.523%

Price spread now: Kraken Futures against Aster−0.211%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 −$82 a day on $10k at the current rate, and Kraken Futures is 0.211% cheaper against Aster than usual: you would sell low and buy high (−$21 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 SUSDT	0.04340	0.0100	pay 0.0050% / 4h	3h 40m	$47K	$175K	10x
Short	Kraken Futures PF_SUSD	0.04331	−0.2620	pay 0.0328% / 1h	40m 01s	$35K	$23K	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 −0.211%Rate

Funding earned: −$571.24
Price spread: −0.211% → 0.000%: −$21.11
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$610.35
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 56 min ago; 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 live order book, 56 min ago	7.29 bp	53.8 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

S on 25 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_SUSDshort	−0.2620%	1h	0.04331	−0.211%	$35K	$23K	10x
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−0.738%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04308	−0.743%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04330	−0.230%	$4	—	15x	as long as short
Variational Omni S	−0.0067%	4h	0.04324	−0.363%	$669K	$7K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04338	−0.048%	$669	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−5.531%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0077%	4h	0.04337	−0.070%	$108K	$627K	10x	as long as short
Lighter S	+0.0096%	1h	0.04341	+0.022%	$186K	$100K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04340	−0.013%	$1.1M	$717K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDTlong	+0.0100%	4h	0.04340	long leg	$47K	$175K	10x
Binance SUSDT	+0.0100%	4h	0.04334	−0.135%	$6.3M	$16.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04333	−0.162%	$6.2M	$4.8M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04334	−0.139%	$1.2M	$4.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04335	−0.116%	$363K	$219K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04334	−0.139%	$4.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04336	−0.093%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04335	−0.116%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04337	−0.070%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04290	−1.153%	$25K	$508K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04332	−0.183%	$240K	$1.3M	10x	as long as short
Backpack S_USDC_PERP	+0.0285%	1h	0.04350	+0.229%	$102K	$472K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04323	−0.393%	$311K	$123K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0441%	1h	0.04343	+0.068%	$73K	$11K	10x	as long as short
01 Exchange SUSD	+0.1648%	1h	0.04410	+1.612%	$27K	$2K	5x	as long as short