Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.041%

Price spread now: Kraken Futures against OKX+0.007%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.628%−$63 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.007%, 7d avg +0.006%

Together, before fees−0.641%−$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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ASTER-USDT-SWAP	0.7360	0.0100	pay 0.0050% / 4h	1h 45m	$12.6M	$22.3M	50x
Short	Kraken Futures PF_ASTERUSD	0.7361	0.0042	get 0.0005% / 1h	45m 59s	$343K	$667K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$12.14
Price spread: +0.007% → +0.006%: $0.13
Slippage, 4 orders: −$33.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$65.28
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 62 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 OKX live order book, 3 min ago	0.68 bp	12.2 bp −$12	27.5 bp −$275	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 62 min ago	4.13 bp	15.2 bp −$15	32.5 bp −$325	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
Coinbase International ASTER-PERP-INTX	−0.0024%	1h	0.7353	−0.091%	$260K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7358	−0.034%	$52.5M	$116.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7357	−0.044%	$15K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7355	−0.064%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7350	−0.133%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.408%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0042%	1h	0.7361	+0.007%	$343K	$667K	20x
Orderly PERP_ASTER_USDC	+0.0060%	4h	0.7357	−0.041%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7359	−0.008%	$891K	$952K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7351	−0.122%	$341K	$297K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7359	−0.011%	$261K	$111K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7358	−0.031%	$93.1M	$131.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7357	−0.041%	$49.5M	$26.4M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7360	long leg	$12.6M	$22.3M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7352	−0.109%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7359	−0.014%	$35.4M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7357	−0.042%	$10.9M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7357	−0.041%	$17.9M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7357	−0.041%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7370	+0.140%	$2.1M	$393K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7372	+0.166%	$455K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7363	+0.041%	$100K	$738K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7367	+0.095%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7358	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7354	−0.082%	$246K	$201K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7357	−0.036%	$369K	$651K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7362	+0.023%	$215K	$2.2M	10x	as long as short
01 Exchange ASTERUSD	+0.0176%	1h	0.7350	−0.136%	$6K	$7K	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0265%	1h	0.7360	+0.001%	$210K	$498K	10x	as long as short
Hyperliquid ASTER	+0.0279%	1h	0.7365	+0.064%	$25.1M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7347	−0.177%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7361	+0.014%	$3.6M	$2.1M	75x	as long as short