Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.081%

Price spread now: Kraken Futures against Binance+0.055%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.627%−$63 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.055%, 7d avg +0.007%

Together, before fees−0.697%−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.048% dearer against Binance than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.007%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 7 days (−0.627% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7462	0.0100	pay 0.0050% / 4h	3h 36m	$91.5M	$107.7M	75x
Short	Kraken Futures PF_ASTERUSD	0.7466	0.0075	get 0.0009% / 1h	36m 19s	$343K	$483K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$5.17
Price spread: +0.055% → +0.007%: $4.81
Slippage, 4 orders: −$29.77
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$50.14
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 37 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 Binance live order book, 7 min ago	0.67 bp	8.1 bp −$8	13.4 bp −$134	58.9 bp −$5,895	doesn't fit
Sell Kraken Futures live order book, 37 min ago	5.37 bp	16.9 bp −$17	30.6 bp −$306	doesn't fit	doesn't fit

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7461	−0.011%	$265K	$856K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0044%	1h	0.7461	−0.017%	$211K	$407K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7462	−0.006%	$56.7M	$100.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7459	−0.043%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7462	+0.007%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7462	−0.001%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.965%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0075%	1h	0.7466	+0.055%	$343K	$483K	20x
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7461	−0.013%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7466	+0.054%	$921K	$879K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7462	−0.006%	$373K	$256K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7464	+0.029%	$256K	$102K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7462	long leg	$91.5M	$107.7M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7461	−0.013%	$49.9M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7462	0.000%	$12.1M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7463	+0.013%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7460	−0.027%	$35.6M	$16.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7462	+0.003%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7462	0.000%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7463	+0.013%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7458	−0.049%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7443	−0.256%	$462K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7440	−0.295%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7471	+0.121%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7463	+0.013%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7461	−0.013%	$244K	$111K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7461	−0.013%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7438	−0.320%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7462	0.000%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0253%	1h	0.7469	+0.088%	$26.0M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7462	−0.003%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7455	−0.094%	$3.5M	$1.9M	75x	as long as short