Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h +0.069%

Price spread now: HTX against Kraken Futures+0.043%59s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1331.326% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.679%+$68 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.043%, 7d avg −0.012%

Together, before fees+0.659%+$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.055% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.012%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.679%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7331	0.0245	pay 0.0031% / 1h	28m 21s	$337K	$491K	20x
Short	HTX ASTER-USDT	0.7334	0.0100	get 0.0050% / 4h	1h 28m	$243K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$30.36
Price spread: +0.043% → −0.012%: $5.51
Slippage, 4 orders: −$110.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$157.45
Costs to cover: 1.326%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 35 min ago; HTX: live order book, 33 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, 35 min ago	4.74 bp	14.9 bp −$15	30.6 bp −$306	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	8.81 bp	20.1 bp −$20	doesn't fit	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
Deribit ASTER_USDC-PERPETUAL	−0.0118%	1h	0.7325	−0.085%	$11K	$71K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0088%	1h	0.7327	−0.047%	$270K	$876K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7328	−0.035%	$54.5M	$101.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7329	−0.031%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7325	−0.079%	$8K	$4K	10x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7329	−0.031%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.807%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0086%	4h	0.7327	−0.052%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7331	+0.007%	$889K	$901K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7330	−0.014%	$367K	$252K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7336	+0.067%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7331	−0.002%	$255K	$72K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7325	−0.079%	$90.0M	$110.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7327	−0.052%	$48.8M	$22.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7328	−0.038%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7328	−0.038%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7327	−0.052%	$33.6M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7328	−0.041%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7327	−0.052%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7327	−0.052%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7332	+0.012%	$217K	$484K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7344	+0.180%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7342	+0.153%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7349	+0.248%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7336	+0.071%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7326	−0.066%	$13K	$8K	5x	as long as short
HTX ASTER-USDTshort	+0.0100%	4h	0.7334	+0.043%	$243K	$117K	20x
Extended ASTER-USD	+0.0104%	1h	0.7328	−0.042%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7337	+0.083%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0245%	1h	0.7331	long leg	$337K	$491K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7325	−0.080%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7330	−0.011%	$3.5M	$1.9M	75x	as long as short