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= −11.6% APRpaid last 24h +0.050%

Price spread now: MEXC against Kraken Futures−0.085%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.614%+$61 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.085%, 7d avg −0.006%

Together, before fees+0.706%+$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.079% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.614%, 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	0.7274	0.0206	pay 0.0026% / 1h	21m 58s	$338K	$609K	20x
Short	MEXC ASTER_USDT	0.7268	0.0100	get 0.0050% / 4h	3h 21m	$33.8M	$20.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$22.31
Price spread: −0.085% → −0.006%: −$7.85
Slippage, 4 orders: −$30.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$70.55
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 31 min ago; MEXC: 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, 31 min ago	3.43 bp	19.4 bp −$19	43.5 bp −$435	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.69 bp	1.4 bp −$1	3.8 bp −$38	20.3 bp −$2,031	129.7 bp −$64.9K

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	−0.0064%	1h	0.7272	−0.024%	$252K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7266	−0.112%	$52.5M	$111.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7269	−0.074%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7270	−0.061%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7272	−0.029%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.592%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0040%	1h	0.7263	−0.153%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7269	−0.071%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7274	−0.005%	$880K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7269	−0.071%	$361K	$272K	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	0.7276	+0.031%	$24.8M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7270	−0.058%	$253K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7268	−0.088%	$89.9M	$122.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7269	−0.071%	$48.9M	$25.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7271	−0.043%	$12.5M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7270	−0.057%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7268	−0.085%	$33.8M	$20.1M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7269	−0.065%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7272	−0.030%	$17.7M	$7.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7268	−0.085%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7273	−0.019%	$209K	$500K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7278	+0.055%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7283	+0.128%	$456K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7288	+0.190%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7277	+0.039%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7269	−0.071%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7273	−0.016%	$242K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7271	−0.037%	$365K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7283	+0.127%	$211K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0206%	1h	0.7274	long leg	$338K	$609K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7271	−0.041%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7278	+0.053%	$3.5M	$2.1M	75x	as long as short