Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0169%/8h= +18.6% APRpaid last 24h −0.110%

Price spread now: Kraken Futures against OKX+0.142%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

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

costs, in and out, $10k−$470.466% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.649%−$65 on $10k

Price spread, last 3 days (all we have)−0.205%−$20 · spread now +0.142%, 7d avg +0.007%

Together, before fees−0.854%−$85 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.135% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.649%, 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	OKX ASTER-USDT-SWAP	0.7387	0.0100	pay 0.0050% / 4h	3h 38m	$11.8M	$18.3M	50x
Short	Kraken Futures PF_ASTERUSD	0.7397	0.0269	get 0.0034% / 1h	38m 48s	$287K	$420K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.142%Rate

Funding earned: $35.58
Price spread: +0.142% → +0.007%: $13.45
Slippage, 4 orders: −$26.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2.45
Costs to cover: 0.466%
Break-even: 6.5 days

Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 9 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 OKX live order book, 5 min ago	0.68 bp	7.0 bp −$7	18.6 bp −$186	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 9 min ago	8.13 bp	16.5 bp −$16	31.1 bp −$311	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	−0.0160%	1h	0.7388	+0.009%	$252K	$849K	50x	as long as short
Injective ASTER/USDC PERP	−0.0063%	1h	0.7377	−0.135%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7390	+0.038%	$57.2M	$99.2M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7393	+0.087%	$11K	$118K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7393	+0.082%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7393	+0.081%	$895K	$805K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7393	+0.081%	$369K	$296K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7395	+0.108%	$252K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7390	+0.041%	$90.5M	$105.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7387	0.000%	$49.0M	$21.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7387	long leg	$11.8M	$18.3M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7392	+0.068%	$6.3M	$4.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7390	+0.041%	$33.9M	$16.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7389	+0.031%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7391	+0.054%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7387	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7396	+0.126%	$280K	$295K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7374	−0.182%	$2.0M	$287K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7371	−0.218%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7376	−0.149%	$65K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7391	+0.054%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7395	+0.108%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7392	+0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7394	+0.095%	$241K	$112K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7392	+0.074%	$381K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7370	−0.235%	$212K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7396	+0.122%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0244%	1h	0.7397	+0.137%	$25.9M	$6.9M	5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0269%	1h	0.7397	+0.142%	$287K	$420K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7393	+0.086%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7393	+0.081%	$3.2M	$1.8M	75x	as long as short
dYdX ASTER-USD	+0.0426%	1h	0.7392	+0.071%	$13K	$61	5x	as long as short