ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.035%

Price spread now: Backpack against Kraken Futures+0.062%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.642%+$64 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.062%, 7d avg +0.032%

Together, before fees+0.635%+$63 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.030% dearer against Kraken Futures than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7308	0.0096	pay 0.0012% / 1h	12m 56s	$336K	$605K	20x
Short	Backpack ASTER_USDC_PERP	0.7313	0.0100	get 0.0013% / 1h	12m 56s	$211K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0.94
Price spread: +0.062% → +0.032%: $2.98
Slippage, 4 orders: −$36.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$52.25
Costs to cover: 0.562%
Break-even: 397.4 days

Slippage from Kraken Futures: live order book, 20 min ago; Backpack: live order book, 21 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, 20 min ago	6.86 bp	16.8 bp −$17	35.1 bp −$351	doesn't fit	doesn't fit
Sell Backpack live order book, 21 min ago	0.07 bp	6.7 bp −$7	165.7 bp −$1,657	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
Aster ASTERUSDT	0.0000%	4h	0.7312	+0.050%	$51.2M	$111.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7305	−0.049%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7304	−0.056%	$11K	$55K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7306	−0.038%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7308	+0.002%	$253K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.117%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7308	−0.005%	$6K	$7K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0079%	4h	0.7309	+0.009%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0096%	1h	0.7308	long leg	$336K	$605K	20x
Lighter ASTER	+0.0096%	1h	0.7310	+0.027%	$887K	$921K	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	0.7308	−0.006%	$346K	$272K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7308	+0.002%	$258K	$110K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7313	+0.064%	$92.4M	$128.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7315	+0.091%	$49.7M	$26.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7316	+0.105%	$12.4M	$22.1M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7312	+0.050%	$6.3M	$5.8M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7311	+0.036%	$35.1M	$21.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7313	+0.068%	$11.1M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7312	+0.050%	$17.9M	$8.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7313	+0.064%	—	$10.0M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7313	+0.062%	$211K	$466K	10x
Variational Omni ASTER	+0.0100%	4h	0.7310	+0.028%	$2.1M	$421K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7314	+0.077%	$451K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7312	+0.050%	$111K	$726K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7314	+0.077%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7303	−0.073%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7307	−0.019%	$244K	$163K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7312	+0.051%	$365K	$652K	25x	as long as short
edgeX ASTERUSDC	+0.0117%	4h	0.7311	+0.042%	$213K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0119%	1h	0.7319	+0.143%	$25.1M	$7.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7304	−0.063%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7306	−0.032%	$3.6M	$2.0M	75x	as long as short