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 +0.058%

Price spread now: Gate against Kraken Futures−0.078%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

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

costs, in and out, $10k−$710.711% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now −0.078%, 7d avg −0.001%

Together, before fees+0.684%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.078% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.001%). If the spread goes back, that is −$8 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.601% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7466	0.0075	pay 0.0009% / 1h	5m 48s	$342K	$496K	20x
Short	Gate ASTER_USDT	0.7460	0.0100	get 0.0050% / 4h	3h 05m	$6.5M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.078%Rate

Funding earned: $5.17
Price spread: −0.078% → −0.001%: −$7.77
Slippage, 4 orders: −$46.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.68
Costs to cover: 0.711%
Break-even: 106.7 days

Slippage from Kraken Futures: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	7.36 bp	14.6 bp −$15	33.7 bp −$337	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.01 bp	20.2 bp −$20	34.0 bp −$340	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	0.7456	−0.131%	$265K	$852K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0072%	1h	0.7452	−0.179%	$11K	$86K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7459	−0.092%	$56.5M	$99.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7457	−0.124%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0009%	1h	0.7456	−0.134%	$32K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−1.016%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0075%	1h	0.7466	long leg	$342K	$496K	20x
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7457	−0.119%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7463	−0.040%	$920K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7446	−0.266%	$8K	$4K	10x	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	0.7453	−0.169%	$373K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7460	−0.080%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7460	−0.078%	$91.8M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7459	−0.092%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7462	−0.052%	$12.2M	$18.2M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7460	−0.078%	$6.5M	$5.3M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7459	−0.092%	$35.8M	$17.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7458	−0.107%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7465	−0.012%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7461	−0.065%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7460	−0.081%	$217K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.197%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7473	+0.096%	$463K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7474	+0.109%	$67K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7465	−0.012%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7458	−0.105%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7455	−0.145%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7460	−0.083%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7470	+0.057%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0223%	1h	0.7470	+0.055%	$26.0M	$6.4M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0306% / S −0.0215%	1h	0.7454	−0.157%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7462	−0.052%	$3.5M	$1.8M	75x	as long as short