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: Kraken Futures against MEXC+0.085%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

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

Long on MEXC Short on Kraken Futures

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.079% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.614%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ASTER_USDT	0.7268	0.0100	pay 0.0050% / 4h	3h 21m	$33.8M	$20.1M	100x
Short	Kraken Futures PF_ASTERUSD	0.7274	0.0206	get 0.0026% / 1h	21m 57s	$338K	$609K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.085%Rate

Funding earned: $22.31
Price spread: +0.085% → +0.006%: $7.86
Slippage, 4 orders: −$30.39
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$10.23
Costs to cover: 0.404%
Break-even: 10.2 days

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 31 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 MEXC live order book, 2 min ago	0.69 bp	0.7 bp −$1	4.9 bp −$49	35.6 bp −$3,555	152.1 bp −$76.1K
Sell Kraken Futures live order book, 31 min ago	3.43 bp	18.9 bp −$19	37.6 bp −$376	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	−0.0064%	1h	0.7272	+0.061%	$252K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7266	−0.028%	$52.5M	$111.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7269	+0.011%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7270	+0.023%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7272	+0.056%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.679%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0040%	1h	0.7263	−0.069%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7269	+0.014%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7274	+0.080%	$880K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7269	+0.014%	$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	+0.116%	$24.8M	$8.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7270	+0.027%	$253K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7268	−0.004%	$89.9M	$122.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7269	+0.014%	$48.9M	$25.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7271	+0.041%	$12.5M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7270	+0.028%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7268	long leg	$33.8M	$20.1M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7269	+0.019%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7272	+0.055%	$17.7M	$7.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7268	0.000%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7273	+0.066%	$209K	$500K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7278	+0.140%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7283	+0.212%	$456K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7288	+0.275%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7277	+0.124%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7269	+0.014%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7273	+0.069%	$242K	$143K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7271	+0.048%	$365K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7283	+0.212%	$211K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0206%	1h	0.7274	+0.085%	$338K	$609K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7271	+0.043%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7278	+0.138%	$3.5M	$2.1M	75x	as long as short