Funding arb · Price arb /

IO

all IO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+3.9973%/8h= +4377.0% APRpaid last 24h +4.020%

Price spread now: Kraken Futures against Aster+0.232%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$1,199 a day on $10k at the current rate, and Kraken Futures is 0.232% dearer against Aster than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IOUSDT	0.1486	0.0100	pay 0.0050% / 4h	3h 30m	$23K	$42K	5x
Short	Kraken Futures PF_IOUSD	0.1490	4.0073	get 0.5009% / 1h	30m 53s	$38K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.232%Rate

Funding earned: $8,394.27
Price spread: +0.232% → 0.000%: $23.23
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $8,399.5
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Kraken Futures: 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster and Kraken Futures: 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.

IO on 14 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 IO	+0.0100%	1h	0.1486	+0.011%	$996K	$277K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1486	long leg	$23K	$42K	5x
Binance IOUSDT	+0.0100%	4h	0.1486	−0.048%	$3.0M	$4.9M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1484	−0.151%	$1.1M	$617K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1487	+0.078%	$229K	$446K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1484	−0.151%	$1.2M	$214K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1485	−0.083%	$341K	$194K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1488	+0.118%	$1.4M	$946K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1486	−0.016%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1490	+0.270%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1486	−0.033%	$3K	$212K	5x	as long as short
BloFin IO-USDT	+0.0105%	4h	0.1490	+0.253%	$192K	$33K	50x	as long as short
Injective IO/USDC PERP	+0.0277%	1h	0.1492	+0.388%	$2K	$196	5.5x	as long as short
Kraken Futures PF_IOUSDshort	+4.0073%	1h	0.1490	+0.232%	$38K	$7K	10x