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: OKX against Kraken Futures−0.063%7-day average −0.008% · 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−$65as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.631%+$63 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.063%, 7d avg −0.008%

Together, before fees+0.689%+$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.056% 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 −0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.631%, 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	0.7287	0.0206	pay 0.0026% / 1h	46m 09s	$341K	$608K	20x
Short	OKX ASTER-USDT-SWAP	0.7282	0.0100	get 0.0050% / 4h	3h 46m	$12.4M	$20.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$22.23
Price spread: −0.063% → −0.008%: −$5.57
Slippage, 4 orders: −$39.93
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.73
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago	3.43 bp	19.4 bp −$19	43.5 bp −$435	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.69 bp	12.8 bp −$13	21.6 bp −$216	188.6 bp −$18.9K	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	−0.0064%	1h	0.7278	−0.122%	$253K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7282	−0.067%	$52.8M	$111.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7277	−0.136%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7282	−0.063%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7283	−0.049%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.419%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0048%	1h	0.7278	−0.118%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7280	−0.091%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7286	−0.008%	$881K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7285	−0.022%	$359K	$273K	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	0.7291	+0.059%	$24.9M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7282	−0.056%	$254K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7283	−0.052%	$89.9M	$121.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7283	−0.050%	$48.9M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7282	−0.063%	$12.4M	$20.2M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7280	−0.091%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7286	−0.008%	$34.0M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7281	−0.078%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7279	−0.104%	$17.8M	$7.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7283	−0.050%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7280	−0.091%	$210K	$497K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7295	+0.118%	$2.1M	$411K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7286	−0.014%	$459K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7284	−0.036%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7285	−0.022%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7282	−0.063%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7280	−0.091%	$242K	$142K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7283	−0.053%	$212K	$2.2M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7283	−0.050%	$364K	$636K	25x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0206%	1h	0.7287	long leg	$341K	$608K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7282	−0.061%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7277	−0.132%	$3.4M	$2.1M	75x	as long as short