Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0162%/8h= −17.7% APRpaid last 24h +0.079%

Price spread now: Variational Omni against Kraken Futures+0.039%7-day average −0.049% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.334%+$33 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.039%, 7d avg −0.049%

Together, before fees+0.251%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.088% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.049%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 3 days funding on this pair paid +0.334%, 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	0.7407	0.0262	pay 0.0033% / 1h	6m 25s	$285K	$419K	20x
Short	Variational Omni ASTER	0.7410	0.0100	get 0.0050% / 4h	2h 06m	$2.1M	$363K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.039%Rate

Funding earned: −$34.01
Price spread: +0.039% → −0.049%: $8.78
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.23
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 16 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 16 min ago	8.73 bp	15.5 bp −$15	37.6 bp −$376	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.05 bp	doesn't fit	27.0 bp −$270	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	−0.0290%	1h	0.7400	−0.103%	$11K	$87K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7401	−0.091%	$251K	$827K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	+0.035%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7395	−0.164%	$56.6M	$99.9M	200x	as long as short
dYdX ASTER-USD	+0.0002%	1h	0.7400	−0.105%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7398	−0.132%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7402	−0.069%	$911K	$852K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0097%	4h	0.7399	−0.114%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7401	−0.083%	$370K	$275K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7400	−0.104%	$254K	$108K	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	0.7396	−0.161%	$90.6M	$106.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7393	−0.195%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7397	−0.141%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7398	−0.127%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7397	−0.141%	$33.9M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7396	−0.149%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7398	−0.127%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7395	−0.168%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7401	−0.088%	$265K	$322K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7410	+0.039%	$2.1M	$363K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7409	+0.018%	$455K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7412	+0.062%	$66K	$717K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7408	+0.008%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7401	−0.087%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7415	+0.102%	$243K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7394	−0.175%	$378K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0118%	4h	0.7408	+0.005%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7397	−0.141%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0262%	1h	0.7407	long leg	$285K	$419K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7395	−0.170%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7404	−0.046%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0468%	1h	0.7405	−0.029%	$26.0M	$6.6M	5x	as long as short