Settings8H · net · $10k
Funding arb · Price arb /

AR

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1777%/8h= +194.5% APRpaid last 24h +0.370%
Price spread now: Aster against Kraken Futures−0.270%54s7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2022.016% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.836%+$84 on $10k
Price spread, last 3 days (all we have)+0.328%+$33 · spread now −0.270%, 7d avg −0.093%
Together, before fees+1.164%+ Points / potential airdropAster: Stage 5 · farm board+$116 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.176% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.270% now, against its 7-day average of −0.093%). If the spread goes back, that is −$18 on $10k: about 8 hours of funding at the current rate (+$53 a day). At the pace of the last 5 days (+0.836% in total) that is about 27 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.836% in total (about 56.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ARUSD4.5694−0.1677get 0.0210% / 1h1m 29s$56K$149K20x
ShortAster ARUSDT4.55710.0100get 0.0100% / 8h6h 01m$19K$500K10x

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

Funding earned
$373.09
Price spread: −0.270% → −0.093%
−$17.63
Slippage, 4 orders
−$183.61
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$153.85
Costs to cover
2.016%
Break-even
4.1 days
Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 66 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago28.49 bp66.6 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 66 min ago9.75 bp53.3 bp −$53doesn't fitdoesn't fitdoesn't fit

AR on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ARUSDlong−0.1677%1h4.5694long leg$56K$149K20x
Injective AR/USDC PERP−0.0353%1h4.6110+0.910%$2K$2K5.5xas long as short
GMX AR/USD [WBTC.b-USDC]L −0.0141% / S +0.0551%1h4.5441−0.554%$584K50xas long as short
OKX AR-USDT-SWAP−0.0097%8h4.5470−0.491%$2.3M$19.2M20xas long as short
MEXC AR_USDT+0.0079%8h4.5530−0.359%$6.5M$4.3M100xas long as short
Extended AR-USD+0.0080%1h4.5534−0.352%$37K$240K10xas long as short
Binance ARUSDT+0.0082%8h4.5540−0.337%$9.1M$52.3M75xas long as short
Hyperliquid AR+0.0100%1h4.5593−0.221%$4.1M$4.6M5xas long as short
Aster ARUSDTshort+0.0100%8h4.5571−0.270%$19K$500K10x
Bybit ARUSDT+0.0100%8h4.5522−0.377%$4.7M$8.5M75xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AR_USDT+0.0100%8h4.5520−0.381%$2.5M$2.2M50xas long as short
KuCoin ARUSDTM+0.0100%8h4.5490−0.447%$1.2M$1.2M50xas long as short
Bitget ARUSDT+0.0100%8h4.5470−0.491%$3.9M$5.4M75xas long as short
BingX AR-USDT+0.0100%8h4.5540−0.337%$2.8Mas long as short
Variational Omni AR+0.0100%8h4.5342−0.771%$235K$261Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.5410−0.622%$20K$749K50xas long as short