Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.050%

Price spread now: MEXC against Kraken Futures−0.018%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.614%+$61 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.018%, 7d avg −0.006%

Together, before fees+0.640%+$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.614%, 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	0.7298	0.0206	pay 0.0026% / 1h	45m 08s	$341K	$608K	20x
Short	MEXC ASTER_USDT	0.7297	0.0100	get 0.0050% / 4h	3h 45m	$34.0M	$20.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$22.16
Price spread: −0.018% → −0.006%: −$1.22
Slippage, 4 orders: −$30.99
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$64.38
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 8 min ago; MEXC: 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, 8 min ago	3.43 bp	19.4 bp −$19	43.5 bp −$435	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.69 bp	1.3 bp −$1	5.2 bp −$52	27.8 bp −$2,777	107.6 bp −$53.8K

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	−0.0064%	1h	0.7278	−0.283%	$253K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7285	−0.177%	$52.7M	$111.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7284	−0.201%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7292	−0.087%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7287	−0.154%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.256%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0048%	1h	0.7287	−0.155%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7289	−0.128%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7295	−0.047%	$882K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7286	−0.176%	$359K	$274K	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	0.7297	−0.021%	$24.9M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7283	−0.213%	$254K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7293	−0.071%	$90.1M	$121.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7292	−0.087%	$49.0M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7292	−0.087%	$12.4M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7290	−0.114%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7297	−0.018%	$34.0M	$20.1M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7292	−0.090%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7293	−0.073%	$17.8M	$7.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7290	−0.114%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7296	−0.032%	$210K	$497K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7280	−0.248%	$2.1M	$411K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7286	−0.175%	$459K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7279	−0.265%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7295	−0.046%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7293	−0.073%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7289	−0.128%	$242K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7291	−0.094%	$364K	$636K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7279	−0.259%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0206%	1h	0.7298	long leg	$341K	$608K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7284	−0.192%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7290	−0.114%	$3.5M	$2.1M	75x	as long as short