ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h −0.068%

Price spread now: Kraken Futures against Backpack−0.064%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.652%−$65 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.064%, 7d avg −0.033%

Together, before fees−0.615%−$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.031% cheaper against Backpack than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.033%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.652%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7282	0.0100	pay 0.0013% / 1h	53m 56s	$211K	$496K	10x
Short	Kraken Futures PF_ASTERUSD	0.7278	0.0206	get 0.0026% / 1h	53m 56s	$344K	$588K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Backpack. 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 BackpackbpFee Kraken FuturesbpOrdersPrice spread, now −0.064%Rate

Funding earned: $22.29
Price spread: −0.064% → −0.033%: −$3.14
Slippage, 4 orders: −$24.55
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.4
Costs to cover: 0.445%
Break-even: 15.0 days

Slippage from Backpack: live order book, 65 min ago; Kraken Futures: live order book, 64 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 Backpack live order book, 65 min ago	0.07 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 64 min ago	5.46 bp	14.8 bp −$15	31.3 bp −$313	doesn't fit	doesn't fit

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0064%	1h	0.7295	+0.169%	$258K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7280	−0.034%	$52.8M	$110.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7292	+0.126%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7273	−0.130%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7276	−0.091%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.476%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0056%	1h	0.7288	+0.076%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0066%	4h	0.7277	−0.076%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7275	−0.100%	$880K	$918K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7277	−0.069%	$356K	$271K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7287	+0.057%	$24.9M	$7.9M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7294	+0.162%	$254K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7284	+0.021%	$89.5M	$120.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7286	+0.048%	$48.9M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7286	+0.048%	$12.4M	$20.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7274	−0.117%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7281	−0.021%	$33.4M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7283	+0.012%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7282	−0.007%	$17.8M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7285	+0.034%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7282	long leg	$211K	$496K	10x
Variational Omni ASTER	+0.0100%	4h	0.7277	−0.072%	$2.1M	$411K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7271	−0.156%	$458K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7271	−0.158%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7282	−0.007%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7272	−0.144%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7282	−0.007%	$242K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7282	−0.001%	$364K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7269	−0.192%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0206%	1h	0.7278	−0.064%	$344K	$588K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7274	−0.123%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7301	+0.254%	$3.5M	$2.1M	75x	as long as short