Funding you earn now, next payment 01:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.819%
Price spread now: Aster against Kraken Futures−0.136%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.136% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INITUSD | 0.08334 | 0.0191 | pay 0.0024% / 1h | 8m 32s | $5K | $17K | 10x |
| Short | Aster INITUSDT | 0.08323 | 0.0100 | get 0.0050% / 4h | 3h 08m | $27K | $37K | 5x |
Kraken Futures PF_INITUSD
Aster INITUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.03
- Price spread: −0.136% → 0.000%
- −$13.63
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$50.66
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; 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 no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Kraken Futures and 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.
INIT 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08328 | −0.069% | $303K | $233K | 3x | as long as short |
| Aster INITUSDTshort | +0.0100% | 4h | 0.08323 | −0.136% | $27K | $37K | 5x | |
| Binance INITUSDT | +0.0100% | 4h | 0.08335 | +0.009% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08327 | −0.087% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08345 | +0.129% | $138K | $647K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08320 | −0.171% | $85K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08335 | +0.009% | $452K | $220K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08318 | −0.195% | $331K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08332 | −0.027% | $433K | $303K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08330 | −0.051% | — | $6.6M | — | as long as short |
Hyperliquid INIT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDT
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08308 | −0.313% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0127% | 4h | 0.08323 | −0.135% | $154K | $113K | 25x | as long as short |
| Kraken Futures PF_INITUSDlong | +0.0191% | 1h | 0.08334 | long leg | $5K | $17K | 10x |
Variational Omni INIT
BloFin INIT-USDT