Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.2865%/8h= −313.8% APRpaid last 24h −0.380%

Price spread now: Aster against Kraken Futures−0.498%54s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

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 −$86 a day on $10k at the current rate, and Aster is 0.498% cheaper against Kraken Futures than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SPKUSD	0.02184	0.2746	pay 0.0343% / 1h	41m 25s	$23K	$28K	10x
Short	Aster SPKUSDT	0.02173	−0.0119	pay 0.0060% / 4h	1h 41m	$12K	$72K	5x

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 −0.498%Rate

Funding earned: −$601.72
Price spread: −0.498% → 0.000%: −$49.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$669.49
Costs to cover: 0.180%
Break-even: never at this rate

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

Kraken Futures and Aster: 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.

SPK on 14 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
Gate SPK_USDT	−0.0552%	4h	0.02174	−0.451%	$141K	$131K	50x	as long as short
Aster SPKUSDTshort	−0.0119%	4h	0.02173	−0.498%	$12K	$72K	5x
BloFin SPK-USDT	+0.0082%	4h	0.02162	−1.000%	$189K	$31K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02171	−0.588%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02172	−0.551%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02172	−0.542%	$765K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02171	−0.588%	$2.2M	$642K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02180	−0.176%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02171	−0.588%	$1.3M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02173	−0.497%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPK	+0.0100%	4h	0.02163	−0.972%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02221	+1.701%	$880	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02167	−0.751%	$727	$147K	5x	as long as short
Kraken Futures PF_SPKUSDlong	+0.2746%	1h	0.02184	long leg	$23K	$28K	10x