Settings8H · net · $10k
Funding arb · Price arb /

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.082%
Price spread now: Aster against Kraken Futures+0.078%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.078% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ALGOUSD0.1098−0.0313get 0.0039% / 1h47m 33s$807K$1.1M50x
ShortAster ALGOUSDT0.10990.0100get 0.0100% / 8h5h 47m$44K$37K5x

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

Funding earned
$86.69
Price spread: +0.078% → 0.000%
$7.78
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$76.47
Costs to cover
0.180%
Break-even
0.8 days
Slippage unknown: Kraken Futures: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 4 min ago6.82 bp18.4 bp −$1837.7 bp −$377doesn't fitdoesn'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.

ALGO on 22 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ALGOUSDT−0.0317%8h0.1097−0.089%$10.6M$13.3M75xas long as short
Kraken Futures PF_ALGOUSDlong−0.0313%1h0.1098long leg$807K$1.1M50x
Deribit ALGO_USDC-PERPETUAL−0.0296%1h0.1098+0.002%$86K$41K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1098+0.038%$16K150xas long as short
Variational Omni ALGO+0.0017%8h0.1098−0.014%$59K$13Kas long as short
OKX ALGO-USDT-SWAP+0.0030%8h0.1098−0.016%$2.6M$7.8M50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+2.015%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0088%1h0.1105+0.685%$63K$176K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1100+0.157%$3.4M$2.3M5xas long as short
Aster ALGOUSDTshort+0.0100%8h0.1099+0.078%$44K$37K5x
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ALGOUSDT+0.0100%8h0.1098+0.034%$9.2M$33.7M75xas long as short
Gate ALGO_USDT+0.0100%8h0.1096−0.134%$826K$880K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1098+0.039%$23.5M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1099+0.057%$3.4M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1098+0.011%$5.4M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1097−0.052%$3.4Mas long as short
HTX ALGO-USDT+0.0100%8h0.1098−0.016%$57K$129K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1100+0.194%$3.7M$1.7M50xas long as short
Extended ALGO-USD+0.0104%1h0.1098+0.008%$4K$179K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1099+0.075%$472K$808K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0316% / S −0.0264%1h0.1098+0.045%$6K100xas long as short
dYdX ALGO-USD+0.1375%1h0.1099+0.097%$159K$5K5xas long as short