Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.018%

Price spread now: Aster against Kraken Futures−0.050%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 3 days (all we have)−0.574%−$57 · spread now −0.050%, 7d avg −0.056%

Together, before fees−0.381%+ Points / potential airdropAster: Stage 5 · farm board−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ARBUSD	0.2249	−0.0138	get 0.0017% / 1h	33m 18s	$1.1M	$4.9M	50x
Short	Aster ARBUSDT	0.2248	0.0100	get 0.0100% / 8h	7h 33m	$699K	$1.6M	20x

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 −0.050%Rate

Funding earned: $50.05
Price spread: −0.050% → −0.056%: $0.63
Slippage, 4 orders: −$41.74
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.06
Costs to cover: 0.597%
Break-even: 8.3 days

Slippage from Kraken Futures: live order book, 6 min ago; Aster: live order book, 5 min ago.

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 live order book, 6 min ago	11.33 bp	16.9 bp −$17	23.4 bp −$234	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	4.22 bp	10.3 bp −$10	21.1 bp −$211	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1666%	1h	0.2237	−0.521%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0212%	8h	0.2242	−0.303%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0154%	8h	0.2246	−0.125%	$58.0M	$126.5M	50x	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2245	−0.165%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0138%	1h	0.2249	long leg	$1.1M	$4.9M	50x
OKX ARB-USDT-SWAP	−0.0120%	8h	0.2246	−0.116%	$22.6M	$156.3M	50x	as long as short
MEXC ARB_USDT	−0.0119%	8h	0.2246	−0.099%	$38.4M	$59.0M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0106%	1h	0.2247	−0.067%	$25K	$34K	25x	as long as short
SoDEX ARB-USD	−0.0103%	1h	0.2246	−0.103%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0045%	8h	0.2246	−0.121%	$12K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0009%	8h	0.2246	−0.103%	$66.2M	$310.0M	75x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2246	−0.132%	$357K	$3.5M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2250	+0.039%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2248	−0.050%	$32K	—	150x	as long as short
BingX ARB-USDT	+0.0061%	8h	0.2246	−0.099%	—	$54.0M	—	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2246	−0.121%	$21.4M	$35.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2248	−0.054%	$143K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2249	+0.008%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2249	+0.004%	$40.5M	$47.3M	10x	as long as short
Aster ARBUSDTshort	+0.0100%	8h	0.2248	−0.050%	$699K	$1.6M	20x
Pacifica ARB	+0.0100%	1h	0.2249	+0.021%	$44K	$186K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2247	−0.090%	$5.4M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2248	−0.054%	$19.6M	$15.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2242	−0.304%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2241	−0.343%	$479K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	−0.032%	$121K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2247	−0.059%	$64K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2249	+0.013%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2246	−0.112%	$292K	$975K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2246	−0.121%	$5.1M	$13.0M	50x	as long as short
BloFin ARB-USDT	+0.0111%	8h	0.2246	−0.116%	$3.1M	$2.8M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2250	+0.057%	$507K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0288% / S −0.0175%	1h	0.2248	−0.050%	$890K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2245	−0.152%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2248	−0.016%	$514K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0474%	1h	0.2250	+0.070%	$1.0M	$2.8M	20x	as long as short