Funding arb · Price arb /

TRB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1231%/8h= −134.8% APRpaid last 24h −0.150%

Price spread now: Aster against Kraken Futures−0.152%7-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 5 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 −$37 a day on $10k at the current rate, and Aster is 0.152% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 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	Kraken Futures PF_TRBUSD	19.121	0.1331	pay 0.0166% / 1h	33m 49s	$102K	$97K	10x
Short	Aster TRBUSDT	19.092	0.0100	get 0.0050% / 4h	2h 33m	$9K	$24K	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 −0.152%Rate

Funding earned: −$258.48
Price spread: −0.152% → 0.000%: −$15.19
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$291.66
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 53 min ago; 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 live order book, 53 min ago	23.38 bp	4143.7 bp −$4,144	18935.5 bp −$189.4K	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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.

TRB 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
Hyperliquid TRB	+0.0100%	1h	19.110	−0.055%	$529K	$194K	3x	as long as short
Aster TRBUSDTshort	+0.0100%	4h	19.092	−0.152%	$9K	$24K	5x
Binance TRBUSDT	+0.0100%	4h	19.084	−0.191%	$5.0M	$10.1M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.129	+0.044%	$6.3M	$1.9M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.100	−0.107%	$4.4M	$4.6M	20x	as long as short
Gate TRB_USDT	+0.0100%	4h	19.120	−0.003%	$531K	$1.5M	50x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.087	−0.175%	$14.3M	$862K	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.099	−0.113%	$1.1M	$310K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.096	−0.128%	$1.2M	$1.3M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.108	−0.066%	—	$16.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0100%	4h	19.122	+0.009%	$14K	$3K	—	as long as short
BloFin TRB-USDT	+0.0156%	4h	19.078	−0.223%	$363K	$177K	50x	as long as short
Kraken Futures PF_TRBUSDlong	+0.1331%	1h	19.121	long leg	$102K	$97K	10x