Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.087%

Price spread now: Kraken Futures against BingX+0.035%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.685%−$68 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.035%, 7d avg +0.023%

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

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7444	0.0100	pay 0.0050% / 4h	25m 52s	—	$9.7M	—
Short	Kraken Futures PF_ASTERUSD	0.7447	0.0017	get 0.0002% / 1h	25m 52s	$336K	$485K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$17.51
Price spread: +0.035% → +0.023%: $1.13
Slippage, 4 orders: −$20.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.61
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Kraken Futures: live order book, 52 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 BingX live order book, 12 min ago	2.01 bp	7.0 bp −$7	12.0 bp −$120	41.3 bp −$4,130	195.4 bp −$97.7K
Sell Kraken Futures live order book, 52 min ago	1.35 bp	12.2 bp −$12	30.2 bp −$302	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	−0.0136%	1h	0.7466	+0.296%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7443	−0.016%	$56.7M	$100.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7456	+0.163%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7444	+0.003%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7445	+0.012%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0017%	1h	0.7447	+0.035%	$336K	$485K	20x
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.725%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7448	+0.050%	$922K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7447	+0.040%	$373K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7453	+0.117%	$255K	$104K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7443	−0.010%	$91.2M	$107.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7443	−0.013%	$49.8M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7445	+0.013%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7443	−0.013%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7441	−0.040%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7443	−0.011%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	−0.013%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7444	long leg	—	$9.7M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7439	−0.066%	$231K	$388K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7453	+0.116%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7466	+0.294%	$460K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7466	+0.296%	$67K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	+0.040%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	+0.094%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7442	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7452	+0.107%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7444	−0.004%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7464	+0.268%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7449	+0.067%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7444	−0.006%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7460	+0.215%	$3.5M	$1.9M	75x	as long as short
Hyperliquid ASTER	+0.0351%	1h	0.7453	+0.121%	$25.9M	$6.9M	5x	as long as short