Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.153%

Price spread now: Kraken Futures against BloFin+0.081%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.075%−$107 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.081%, 7d avg +0.009%

Together, before fees−1.180%−$118 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.072% dearer against BloFin than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.009%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASTER-USDT	0.7459	0.0340	pay 0.0170% / 4h	3h 04m	$3.5M	$1.8M	75x
Short	Kraken Futures PF_ASTERUSD	0.7465	0.0075	get 0.0009% / 1h	4m 58s	$342K	$496K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$55.57
Price spread: +0.081% → +0.009%: $7.17
Slippage, 4 orders: −$31.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$101.69
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Kraken Futures: live order book, 3 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 BloFin live order book, 3 min ago	2.01 bp	10.0 bp −$10	14.7 bp −$147	44.3 bp −$4,435	doesn't fit
Sell Kraken Futures live order book, 3 min ago	7.36 bp	18.7 bp −$19	37.0 bp −$370	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	−0.0080%	1h	0.7456	−0.039%	$265K	$852K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7463	+0.055%	$56.5M	$99.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7457	−0.032%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7460	+0.020%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0009%	1h	0.7462	+0.042%	$32K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.925%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0075%	1h	0.7465	+0.081%	$342K	$496K	20x
Orderly PERP_ASTER_USDC	+0.0092%	4h	0.7459	0.000%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7465	+0.078%	$920K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7466	+0.094%	$8K	$4K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7461	+0.033%	$373K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7463	+0.059%	$256K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7465	+0.080%	$91.8M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7467	+0.107%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7471	+0.161%	$12.2M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7464	+0.067%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7471	+0.161%	$35.5M	$17.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7472	+0.172%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7471	+0.161%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7464	+0.067%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7466	+0.087%	$217K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.106%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7473	+0.188%	$463K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7474	+0.201%	$67K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7468	+0.121%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7462	+0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7462	+0.040%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7469	+0.131%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7460	+0.019%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0224%	1h	0.7471	+0.164%	$26.0M	$6.4M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0306% / S −0.0215%	1h	0.7461	+0.031%	$28K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7459	long leg	$3.5M	$1.8M	75x