Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0665%/8h= −72.8% APRpaid last 24h +0.038%

Price spread now: KuCoin against Kraken Futures−0.100%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.563%+$56 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.100%, 7d avg −0.003%

Together, before fees+0.676%+$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.097% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 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 +0.563%, 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	0.7319	0.0765	pay 0.0096% / 1h	58m 18s	$340K	$671K	20x
Short	KuCoin ASTERUSDTM	0.7312	0.0100	get 0.0050% / 4h	58m 18s	$11.2M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$139.57
Price spread: −0.100% → −0.003%: −$9.72
Slippage, 4 orders: −$50.96
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$222.26
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 45 min ago; KuCoin: live order book, 10 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, 45 min ago	7.47 bp	19.2 bp −$19	35.6 bp −$356	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.02 bp	20.0 bp −$20	36.9 bp −$369	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
Aster ASTERUSDT	0.0000%	4h	0.7313	−0.088%	$51.9M	$116.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7315	−0.067%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7313	−0.082%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7313	−0.087%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7333	+0.190%	$253K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.964%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0082%	4h	0.7312	−0.101%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7317	−0.034%	$886K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7315	−0.066%	$345K	$297K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7314	−0.071%	$257K	$114K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7314	−0.072%	$92.6M	$132.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7312	−0.101%	$49.4M	$26.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7316	−0.047%	$12.5M	$22.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7312	−0.101%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7312	−0.101%	$34.9M	$20.7M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7312	−0.100%	$11.2M	$3.4M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7313	−0.088%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7315	−0.060%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7317	−0.033%	$209K	$494K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7315	−0.057%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7323	+0.048%	$450K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7322	+0.035%	$99K	$739K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7322	+0.035%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7315	−0.060%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7319	−0.006%	$245K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7313	−0.081%	$367K	$651K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7321	+0.019%	$213K	$2.2M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7316	−0.047%	$6K	$7K	10x	as long as short
Hyperliquid ASTER	+0.0218%	1h	0.7320	+0.007%	$25.0M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7313	−0.083%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7319	−0.006%	$3.6M	$2.1M	75x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0765%	1h	0.7319	long leg	$340K	$671K	20x