Funding arb · Price arb /

VIRTUAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h −0.099%

Price spread now: Aster against Kraken Futures+0.105%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.105%, 7d avg −0.038%

Together, before fees−0.195%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.143% dearer against Kraken Futures than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_VIRTUALUSD	0.7145	−0.0005	get 0.0001% / 1h	50m 48s	$524K	$758K	50x
Short	Aster VIRTUALUSDT	0.7153	0.0100	get 0.0050% / 4h	1h 50m	$92K	$302K	20x

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 +0.105%Rate

Funding earned: $22.02
Price spread: +0.105% → −0.038%: $14.28
Slippage, 4 orders: −$60.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.47
Costs to cover: 0.788%
Break-even: 20.5 days

Slippage from Kraken Futures: live order book, 57 min ago; Aster: live order book, 56 min ago.

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, 57 min ago	12.60 bp	20.0 bp −$20	56.0 bp −$560	doesn't fit	doesn't fit
Sell Aster live order book, 56 min ago	0.70 bp	26.0 bp −$26	105.0 bp −$1,050	doesn't fit	doesn't fit

VIRTUAL on 33 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
Deribit VIRTUAL_USDC-PERPETUAL	−0.0170%	1h	0.7138	−0.103%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7135	−0.140%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0120%	1h	0.7126	−0.271%	$2K	$106	10x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	0.7135	−0.145%	$11K	$36K	5x	as long as short
Lighter VIRTUAL	−0.0056%	1h	0.7140	−0.068%	$324K	$400K	5x	as long as short
Bybit VIRTUALUSDT	−0.0053%	4h	0.7144	−0.019%	$16.2M	$19.0M	50x	as long as short
SoDEX VIRTUAL-USD	−0.0051%	1h	0.7141	−0.054%	$1K	$9K	5x	as long as short
Kraken Futures PF_VIRTUALUSDlong	−0.0005%	1h	0.7145	long leg	$524K	$758K	50x
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7142	−0.044%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.397%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni VIRTUAL	+0.0050%	4h	0.7137	−0.112%	$530K	$914K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7137	−0.117%	$15K	$1.6M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7164	+0.254%	$8.8M	$4.0M	5x	as long as short
Aster VIRTUALUSDTshort	+0.0100%	4h	0.7153	+0.105%	$92K	$302K	20x
Pacifica VIRTUAL	+0.0100%	1h	0.7131	−0.199%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7152	+0.099%	$16.1M	$42.3M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7151	+0.079%	$2.9M	$10.1M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7150	+0.065%	$1.5M	$3.3M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7150	+0.065%	$16.1M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7147	+0.023%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7151	+0.079%	$6.0M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7148	+0.037%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7148	+0.037%	$237K	$176K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7130	−0.210%	$19K	$261K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7138	−0.109%	$641K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7135	−0.145%	$40K	$237K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7137	−0.120%	$51K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7128	−0.243%	$2K	$1.4M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7148	+0.042%	$55K	$304K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7138	−0.107%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7144	−0.018%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7146	+0.009%	$789K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7192	+0.653%	$200K	$102K	50x	as long as short