Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0665%/8h= −72.9% APRpaid last 24h +0.038%

Price spread now: OKX against Kraken Futures+0.024%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.629%+$63 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.024%, 7d avg −0.005%

Together, before fees+0.606%+$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.029% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.629%, 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	0.7312	0.0765	pay 0.0096% / 1h	17m 34s	$337K	$642K	20x
Short	OKX ASTER-USDT-SWAP	0.7314	0.0100	get 0.0050% / 4h	17m 34s	$12.4M	$22.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$139.73
Price spread: +0.024% → −0.005%: $2.94
Slippage, 4 orders: −$44.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$201.1
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 21 min ago; OKX: live order book, 1 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, 21 min ago	7.52 bp	18.5 bp −$19	35.4 bp −$354	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.68 bp	10.5 bp −$10	24.6 bp −$246	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	−0.0051%	1h	0.7308	−0.055%	$11K	$56K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7308	−0.058%	$51.7M	$112.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7310	−0.036%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7308	−0.061%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7307	−0.073%	$253K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.064%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0087%	4h	0.7313	+0.011%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7312	−0.007%	$884K	$921K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7309	−0.044%	$6K	$7K	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7311	−0.014%	$346K	$291K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7310	−0.024%	$257K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7310	−0.030%	$92.4M	$130.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7310	−0.030%	$49.4M	$26.3M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7314	+0.024%	$12.4M	$22.4M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7305	−0.099%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7309	−0.044%	$34.8M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7306	−0.084%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7309	−0.044%	$17.9M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7310	−0.030%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7312	−0.002%	$209K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7284	−0.383%	$2.1M	$392K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7288	−0.335%	$447K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7295	−0.236%	$99K	$739K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7316	+0.052%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7306	−0.085%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7306	−0.085%	$244K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7312	−0.002%	$366K	$654K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7293	−0.269%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0290%	1h	0.7317	+0.069%	$25.0M	$8.0M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7307	−0.067%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7311	−0.017%	$3.6M	$2.0M	75x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0765%	1h	0.7312	long leg	$337K	$642K	20x