Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.027%

Price spread now: Kraken Futures against Binance+0.037%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.608%−$61 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.037%, 7d avg +0.004%

Together, before fees−0.708%−$71 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.033% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7274	0.0100	pay 0.0050% / 4h	3h 31m	$91.9M	$130.2M	75x
Short	Kraken Futures PF_ASTERUSD	0.7277	0.0096	get 0.0012% / 1h	31m 34s	$334K	$640K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$0.85
Price spread: +0.037% → +0.004%: $3.26
Slippage, 4 orders: −$34.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$52.38
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Kraken Futures: live order book, 1 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 Binance live order book, 11 min ago	0.68 bp	7.2 bp −$7	19.2 bp −$192	92.9 bp −$9,286	doesn't fit
Sell Kraken Futures live order book, 1 min ago	6.86 bp	22.1 bp −$22	39.6 bp −$396	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
Deribit ASTER_USDC-PERPETUAL	−0.0039%	1h	0.7272	−0.033%	$11K	$56K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7273	−0.018%	$51.1M	$112.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7280	+0.080%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7274	+0.002%	$23K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7284	+0.140%	$253K	$1.3M	50x	as long as short
Bybit ASTERUSDT	+0.0032%	4h	0.7274	0.000%	$49.2M	$26.2M	75x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.595%	$9	$133K	5.5x	as long as short
Extended ASTER-USD	+0.0056%	1h	0.7273	−0.012%	$366K	$654K	25x	as long as short
01 Exchange ASTERUSD	+0.0056%	1h	0.7275	+0.014%	$6K	$7K	10x	as long as short
Gate ASTER_USDT	+0.0064%	4h	0.7274	0.000%	$6.3M	$5.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ASTER_USDC	+0.0080%	4h	0.7271	−0.041%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0096%	1h	0.7277	+0.037%	$334K	$640K	20x
Lighter ASTER	+0.0096%	1h	0.7278	+0.048%	$884K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7275	+0.014%	$344K	$290K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7276	+0.025%	$257K	$113K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7274	long leg	$91.9M	$130.2M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7275	+0.014%	$12.3M	$22.2M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7272	−0.027%	$34.1M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7274	+0.003%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7272	−0.027%	$17.8M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7273	−0.014%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7276	+0.023%	$208K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7296	+0.307%	$2.1M	$408K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7302	+0.382%	$451K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7278	+0.055%	$111K	$730K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7287	+0.179%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7271	−0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7284	+0.137%	$243K	$203K	20x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7280	+0.077%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0169%	1h	0.7284	+0.136%	$25.0M	$7.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7273	−0.013%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7282	+0.110%	$3.6M	$2.1M	75x	as long as short