Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 984.20 | 0 | 0.0000% / 4h | 3h 05m | $46K | $326K | 20x | Long Aster≤10% back | |
| SHORT | 980.10 | +0.0229 | get 0.0686% / 24h | 9h 05m | $186K | $1.6M | 4.5x | Short Kalshi |
Price gap−0.416%
Funding gap+0.0229% /8h
Funding pays +$7 a day on $10k, but the gap is 0.377% under its 7d average: −$38 if it goes back, about 5.5 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2+0.0229% /8h now · paid −0.016% over the last 7D
Price−$38spread −0.416% now, avg −0.040% → −0.377% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$39−0.39%+ Points / potential airdropAster: Stage 5 · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.016% in total, about −0.0008%/8h on average.
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−0.416%
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
/8hXPD on 19 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Aster’s order book right now.
- Note: Margin at max leverage$500 + $2,181Aster 20x, Kalshi 4.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$6.86Long Aster: 6 payments, $0.00; short Kalshi: 1 payment, +$6.86.
- Watch: Gap narrower than usual−0.416% vs −0.040%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$46K vs $186K OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCAster No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0008%/8h × 21 periods−$1.64
Price spread−0.416% → −0.040% (7d avg)−$37.65
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Aster bp × 2 orders−$8.00
Fee Kalshi bp × 2 orders−$0.48
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Aster: live order book, 11 min ago; Kalshi: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster3.45doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKalshi570.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.