Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0150%/8h= −16.5% APRpaid last 24h +0.028%

Price spread now: Binance against Kraken Futures−0.067%7-day average −0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.607%+$61 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.067%, 7d avg −0.003%

Together, before fees+0.713%+$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.607%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7248	0.0250	pay 0.0031% / 1h	56m 54s	$334K	$589K	20x
Short	Binance ASTERUSDT	0.7244	0.0100	get 0.0050% / 4h	1h 56m	$91.5M	$121.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.067%Rate

Funding earned: −$31.55
Price spread: −0.067% → −0.003%: −$6.39
Slippage, 4 orders: −$33.28
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$91.21
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 54 min ago; Binance: live order book, 9 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 Kraken Futures live order book, 54 min ago	12.48 bp	18.8 bp −$19	49.0 bp −$490	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.69 bp	7.8 bp −$8	20.4 bp −$204	36.6 bp −$3,662	161.5 bp −$80.8K

ASTER on 32 exchanges

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
Aster ASTERUSDT	0.0000%	4h	0.7241	−0.102%	$50.1M	$104.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7249	+0.013%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7244	−0.055%	$11K	$41K	25x	as long as short
Coinbase International ASTER-PERP-INTX	0.0000%	1h	0.7247	−0.021%	$246K	$1.2M	50x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7245	−0.046%	$28K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.954%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0082%	4h	0.7240	−0.116%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7249	+0.004%	$872K	$432K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7245	−0.047%	$347K	$227K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7251	+0.031%	$25.0M	$6.8M	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7246	−0.040%	$254K	$93K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7244	−0.067%	$91.5M	$121.3M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7242	−0.088%	$49.1M	$24.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7245	−0.047%	$12.4M	$20.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7243	−0.074%	$6.5M	$4.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7242	−0.088%	$33.7M	$21.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7245	−0.048%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7243	−0.074%	$17.7M	$7.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7243	−0.074%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7247	−0.025%	$208K	$453K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7244	−0.063%	$2.1M	$393K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7245	−0.047%	$455K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7250	+0.022%	$95K	$723K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7254	+0.077%	$2K	$1.5M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7245	−0.047%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7246	−0.033%	$242K	$153K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7245	−0.050%	$211K	$2.1M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7243	−0.073%	$363K	$598K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7244	−0.061%	$6K	$7K	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0250%	1h	0.7248	long leg	$334K	$589K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0302% / S −0.0215%	1h	0.7244	−0.057%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7248	−0.005%	$3.6M	$1.9M	75x	as long as short