Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0106%/8h= −11.7% APRpaid last 24h +0.050%

Price spread now: Bitget against Kraken Futures−0.009%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

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

costs, in and out, $10k−$590.591% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.606%+$61 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.009%, 7d avg −0.010%

Together, before fees+0.614%+$61 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.606%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7268	0.0206	pay 0.0026% / 1h	1m 33s	$336K	$625K	20x
Short	Bitget ASTERUSDT	0.7267	0.0100	get 0.0050% / 4h	3h 01m	$17.7M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$22.35
Price spread: −0.009% → −0.010%: $0.18
Slippage, 4 orders: −$37.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$81.25
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 51 min ago; Bitget: live order book, 2 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, 51 min ago	3.43 bp	19.4 bp −$19	43.5 bp −$435	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.69 bp	10.6 bp −$11	11.8 bp −$118	61.0 bp −$6,097	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	−0.0218%	1h	0.7261	−0.090%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0064%	1h	0.7266	−0.017%	$270K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7273	+0.074%	$52.4M	$112.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7267	−0.015%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7266	−0.023%	$23K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0016%	1h	0.7275	+0.102%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.684%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0060%	4h	0.7261	−0.091%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7269	+0.024%	$879K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7274	+0.092%	$362K	$274K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7273	+0.077%	$24.8M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7269	+0.024%	$253K	$82K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7274	+0.083%	$90.1M	$122.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7271	+0.046%	$49.0M	$25.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7274	+0.088%	$12.5M	$20.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7264	−0.050%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7271	+0.046%	$33.8M	$20.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7269	+0.018%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDTshort	+0.0100%	4h	0.7267	−0.009%	$17.7M	$7.9M	50x
BingX ASTER-USDT	+0.0100%	4h	0.7274	+0.088%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7265	−0.032%	$210K	$499K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7307	+0.545%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7297	+0.404%	$455K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7279	+0.157%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7273	+0.074%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7263	−0.064%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7269	+0.019%	$242K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7274	+0.082%	$365K	$634K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7281	+0.188%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0206%	1h	0.7268	long leg	$336K	$625K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7263	−0.062%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7277	+0.129%	$3.5M	$2.1M	75x	as long as short