Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.4696%/8h= +514.2% APRpaid last 24h +0.546%

Price spread now: Aster against Kraken Futures+0.165%7-day average — · you sell dearer than you buy

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 for this trade now. Funding pays +$141 a day on $10k at the current rate, and Aster is 0.165% dearer against Kraken Futures than usual: you sell high and buy low: +$16 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	Kraken Futures PF_SUSD	0.04567	−0.4596	get 0.0574% / 1h	53m 32s	$39K	$23K	10x
Short	Aster SUSDT	0.04574	0.0100	get 0.0050% / 4h	1h 53m	$48K	$154K	10x

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 +0.165%Rate

Funding earned: $986.15
Price spread: +0.165% → 0.000%: $16.48
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $984.63
Costs to cover: 0.180%
Break-even: 0.0 days

Slippage unknown: Kraken Futures: no order-book sample; Aster: live order book, 55 min ago. 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 live order book, 55 min ago	12.43 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit

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.

S on 25 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
01 Exchange SUSD	−1.0472%	1h	0.04440	−2.771%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSDlong	−0.4596%	1h	0.04567	long leg	$39K	$23K	10x
Coinbase International S-PERP-INTX	−0.1904%	1h	0.04128	−9.604%	$50K	$18K	25x	as long as short
Variational Omni S	−0.0695%	4h	0.04567	+0.006%	$703K	$11K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0336% / S +0.0211%	1h	0.04580	+0.290%	$2K	—	100x	as long as short
Deribit S_USDC-PERPETUAL	−0.0187%	1h	0.04578	+0.251%	$77K	$512	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04565	−0.036%	$5	—	15x	as long as short
Orderly PERP_S_USDC	−0.0031%	4h	0.04574	+0.163%	$114K	$645K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04582	+0.337%	$706	—	150x	as long as short
Lighter S	+0.0096%	1h	0.04569	+0.054%	$159K	$141K	5x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04569	+0.051%	$1.2M	$855K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.04574	+0.165%	$48K	$154K	10x
Binance SUSDT	+0.0100%	4h	0.04569	+0.053%	$6.8M	$20.1M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04563	−0.078%	$6.5M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04561	−0.122%	$1.4M	$6.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04567	+0.010%	$385K	$227K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04571	+0.097%	$4.4M	$3.0M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04572	+0.119%	$2.2M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04567	+0.010%	$1.4M	$2.9M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04568	+0.032%	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04580	+0.294%	$26K	$523K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04564	−0.045%	$243K	$1.3M	10x	as long as short
Injective S/USDC PERP	+0.0140%	1h	0.04600	+0.732%	$2K	$2	12x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04572	+0.119%	$332K	$217K	75x	as long as short
Backpack S_USDC_PERP	+0.0662%	1h	0.04580	+0.294%	$109K	$463K	5x	as long as short