Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1804%/8h= +197.5% APRpaid last 24h −1.030%

Price spread now: Aster against Kraken Futures−0.024%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.024% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$54 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ATHUSD	0.005441	−0.1704	get 0.0213% / 1h	33m 04s	$17K	$109K	10x
Short	Aster ATHUSDT	0.005440	0.0100	get 0.0050% / 4h	3h 33m	$4K	$42K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $378.79
Price spread: −0.024% → 0.000%: −$2.44
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $358.35
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: Kraken Futures: live order book, 64 min ago; Aster: no order-book sample. 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, 64 min ago	4.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ATH on 13 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
Kraken Futures PF_ATHUSDlong	−0.1704%	1h	0.005441	long leg	$17K	$109K	10x
Variational Omni ATH	−0.0109%	4h	0.005444	+0.043%	$183K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005461	+0.364%	$11K	$59	5x	as long as short
BloFin ATH-USDT	+0.0100%	4h	0.005443	+0.032%	$160K	$69K	75x	as long as short
Aster ATHUSDTshort	+0.0100%	4h	0.005440	−0.024%	$4K	$42K	5x
Binance ATHUSDT	+0.0100%	4h	0.005440	−0.024%	$3.2M	$4.2M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005427	−0.263%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005435	−0.116%	$695K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005432	−0.171%	$775K	$605K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005441	−0.005%	$8.8M	$673K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005441	−0.005%	$546K	$79K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005437	−0.079%	$1.5M	$911K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005434	−0.134%	—	$21.3M	—	as long as short