Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.6201%/8h= −679.0% APRpaid last 24h −5.028%

Price spread now: Aster against Kraken Futures−0.153%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 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 against this trade now: funding costs −$186 a day on $10k at the current rate, and Aster is 0.153% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 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_IOUSD	0.1488	0.6301	pay 0.0788% / 1h	52m 49s	$38K	$4K	10x
Short	Aster IOUSDT	0.1486	0.0100	get 0.0050% / 4h	1h 52m	$23K	$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 −0.153%Rate

Funding earned: −$1,302.22
Price spread: −0.153% → 0.000%: −$15.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,335.55
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.

IO on 14 exchanges

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
BloFin IO-USDT	+0.0045%	4h	0.1486	−0.128%	$190K	$28K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1485	−0.175%	$989K	$271K	3x	as long as short
Aster IOUSDTshort	+0.0100%	4h	0.1486	−0.153%	$23K	$42K	5x
Binance IOUSDT	+0.0100%	4h	0.1485	−0.170%	$3.0M	$4.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1484	−0.262%	$1.1M	$526K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1486	−0.128%	$213K	$407K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1485	−0.195%	$1.2M	$210K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1485	−0.195%	$336K	$192K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1486	−0.128%	$1.3M	$866K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1484	−0.262%	—	$1.3M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1487	−0.086%	$30K	$18K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1486	−0.137%	$2K	$205K	5x	as long as short
Injective IO/USDC PERP	+0.0452%	1h	0.1494	+0.410%	$2K	$189	5.5x	as long as short
Kraken Futures PF_IOUSDlong	+0.6301%	1h	0.1488	long leg	$38K	$4K	10x