Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h −0.059%

Price spread now: Kraken Futures against BingX−0.300%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.668%−$67 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.300%, 7d avg +0.025%

Together, before fees−0.400%−$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.325% cheaper against BingX than usual: you would sell low and buy high (spread −0.300% now, against its 7-day average of +0.025%). If the spread goes back, that is −$32 on $10k: about 5.9 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.668%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7269	0.0100	pay 0.0050% / 4h	40m 30s	—	$9.8M	—
Short	Kraken Futures PF_ASTERUSD	0.7247	0.0284	get 0.0036% / 1h	40m 30s	$342K	$562K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.300%Rate

Funding earned: $38.74
Price spread: −0.300% → +0.025%: −$32.46
Slippage, 4 orders: −$27.02
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$40.74
Costs to cover: 0.470%
Break-even: 14.4 days

Slippage from BingX: live order book, 13 min ago; Kraken Futures: live order book, 17 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 BingX live order book, 13 min ago	2.05 bp	7.0 bp −$7	11.5 bp −$115	31.6 bp −$3,155	253.1 bp −$126.5K
Sell Kraken Futures live order book, 17 min ago	5.46 bp	14.8 bp −$15	31.3 bp −$313	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
Deribit ASTER_USDC-PERPETUAL	−0.0316%	1h	0.7241	−0.385%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7238	−0.422%	$259K	$964K	50x	as long as short
01 Exchange ASTERUSD	−0.0040%	1h	0.7271	+0.028%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	−0.0026%	4h	0.7262	−0.101%	$53.9M	$108.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7269	−0.005%	$14K	$1K	5x	as long as short
SoDEX ASTER-USD	+0.0005%	1h	0.7242	−0.371%	$13K	$8K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7242	−0.371%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.665%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0070%	4h	0.7244	−0.344%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7272	+0.036%	$879K	$919K	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	0.7269	−0.001%	$358K	$265K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7273	+0.054%	$25.2M	$6.7M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7272	+0.048%	$252K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7271	+0.029%	$89.3M	$116.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7262	−0.096%	$48.5M	$24.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7266	−0.041%	$12.2M	$19.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7267	−0.028%	$6.4M	$5.5M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7266	−0.041%	$33.0M	$18.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7267	−0.023%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7268	−0.014%	$17.8M	$7.2M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7269	long leg	—	$9.8M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7248	−0.296%	$215K	$492K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	−0.438%	$2.0M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7260	−0.124%	$456K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7262	−0.096%	$84K	$724K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7251	−0.248%	$2K	$1.7M	20x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7243	−0.358%	$241K	$134K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7270	+0.014%	$363K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7261	−0.109%	$210K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0284%	1h	0.7247	−0.300%	$342K	$562K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7242	−0.369%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7246	−0.316%	$3.5M	$2.1M	75x	as long as short