Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.088%

Price spread now: Bybit against Kraken Futures−0.084%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$560.565% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.597%+$60 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.084%, 7d avg −0.020%

Together, before fees+0.707%+$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.065% 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 −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.597%, 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	0.7418	0.0147	pay 0.0018% / 1h	18m 18s	$336K	$488K	20x
Short	Bybit ASTERUSDT	0.7412	0.0100	get 0.0050% / 4h	1h 18m	$49.6M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$9.78
Price spread: −0.084% → −0.020%: −$6.47
Slippage, 4 orders: −$35.45
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.7
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 64 min ago; Bybit: 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 Kraken Futures live order book, 64 min ago	8.73 bp	15.5 bp −$15	37.6 bp −$376	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.67 bp	11.1 bp −$11	45.4 bp −$454	186.0 bp −$18.6K	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	0.7393	−0.338%	$260K	$840K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7417	−0.012%	$56.7M	$99.9M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7414	−0.063%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7416	−0.028%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.381%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0069%	1h	0.7420	+0.025%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7417	−0.020%	$916K	$876K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7421	+0.037%	$372K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7421	+0.038%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7412	−0.084%	$90.7M	$106.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDTshort	+0.0100%	4h	0.7412	−0.084%	$49.6M	$21.8M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7417	−0.017%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7419	+0.010%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7416	−0.030%	$34.7M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7418	−0.002%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7418	−0.003%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7415	−0.044%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7421	+0.033%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7419	+0.004%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7420	+0.023%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7424	+0.077%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7418	−0.003%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7422	+0.050%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7414	−0.057%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7418	−0.003%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7413	−0.066%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7420	+0.018%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7413	−0.071%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0147%	1h	0.7418	long leg	$336K	$488K	20x
Hyperliquid ASTER	+0.0151%	1h	0.7423	+0.065%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7414	−0.059%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7418	−0.003%	$3.4M	$1.9M	75x	as long as short