Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 136.70 | +0.0066 | pay 0.0008% / 1h | 57m 43s | $1.6M | $1.2M | 20x | Long Kraken Futures | |
| SHORT | 137.00 | 0 | 0.0000% / 8h | 3h 57m | $20.0M | $21.6M | 20x | Short Aster≤10% back |
Price gap+0.220%
Funding gap−0.0066% /8h
The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 6.3 days. At the last 7 days' pace that is about 40 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$53−0.0066% /8h now · paid −0.530% over the last 7D
Price+$12spread +0.220% now, avg +0.095% → +0.125% if it goes back
Costs−$310.315% of $10k · taker + slippage, in and out
Result−$72−0.72%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.220%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSPCX on 47 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books9.5 / 6.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Kraken Futures 20x, Aster 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.97Long Kraken Futures: 24 payments, −$1.97; short Aster: 3 payments, $0.00.
- OK: Entry gap works for you+0.220% vs +0.095%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$1.6M vs $20.0M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Aster NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0252%/8h × 21 periods−$53.01
Price spread+0.220% → +0.095% (7d avg)+$12.49
Slippage, 4 orderslive order books−$13.48
Fee Kraken Futures bp × 2 orders−$10.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$72.00
Costs to cover0.315%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 5 min ago; Aster: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures3.669.5 bp−$1017.4 bp−$17418810.3 bp−$1.88M133659.7 bp−$66.83M
SELL · SHORTAster0.376.3 bp−$611.9 bp−$119doesn’t fitdoesn’t fit
Closing costs about the same again.
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