Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h +0.021%

Price spread now: Gate against Kraken Futures−0.259%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$720.725% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.589%+$59 on $10k

Price spread, last 4 days (all we have)+0.265%+$26 · spread now −0.259%, 7d avg +0.002%

Together, before fees+0.854%+$85 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.261% cheaper against Kraken Futures than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.589%, 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	0.7277	0.0297	pay 0.0037% / 1h	34m 45s	$337K	$626K	20x
Short	Gate ASTER_USDT	0.7258	0.0100	get 0.0050% / 4h	2h 34m	$6.3M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.259%Rate

Funding earned: −$41.38
Price spread: −0.259% → +0.002%: −$26.13
Slippage, 4 orders: −$47.45
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$139.96
Costs to cover: 0.725%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 13 min ago; Gate: live order book, 4 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, 13 min ago	4.13 bp	16.2 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.69 bp	20.3 bp −$20	42.1 bp −$421	139.4 bp −$13.9K	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	−0.0048%	1h	0.7268	−0.125%	$268K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7256	−0.293%	$52.1M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7249	−0.385%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7269	−0.108%	$6K	$7K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7274	−0.042%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7269	−0.104%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.555%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7277	+0.002%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0064%	1h	0.7256	−0.287%	$364K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7252	−0.343%	$878K	$922K	5x	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	0.7275	−0.026%	$342K	$285K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7257	−0.271%	$24.8M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7251	−0.358%	$253K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7249	−0.383%	$89.5M	$122.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7249	−0.383%	$48.8M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7248	−0.397%	$12.5M	$20.4M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7258	−0.259%	$6.3M	$5.7M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7248	−0.397%	$34.2M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7256	−0.283%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7249	−0.383%	$17.8M	$8.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7254	−0.314%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7270	−0.099%	$211K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7253	−0.323%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7243	−0.465%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7251	−0.356%	$98K	$733K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7281	+0.057%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7272	−0.067%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7270	−0.095%	$242K	$145K	20x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7245	−0.439%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0297%	1h	0.7277	long leg	$337K	$626K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7271	−0.076%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7270	−0.095%	$3.5M	$2.1M	75x	as long as short