Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h −0.059%

Price spread now: Kraken Futures against Orderly−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.022% cheaper against Orderly than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7328	0.0082	pay 0.0041% / 4h	1h 08m	$14K	$845	10x
Short	Kraken Futures PF_ASTERUSD	0.7326	0.0245	get 0.0031% / 1h	8m 53s	$337K	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now −0.022%Rate

Funding earned: $34.14
Price spread: −0.022% → 0.000%: −$2.21
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $15.93
Costs to cover: 0.160%
Break-even: 3.7 days

Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 54 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 54 min ago	4.74 bp	15.4 bp −$15	30.0 bp −$300	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0119%	1h	0.7322	−0.079%	$11K	$71K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0088%	1h	0.7337	+0.119%	$270K	$879K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7321	−0.095%	$54.3M	$101.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7335	+0.089%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7326	−0.028%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0016%	1h	0.7327	−0.014%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.846%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0082%	4h	0.7328	long leg	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7327	−0.018%	$893K	$907K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7328	−0.003%	$367K	$250K	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	0.7331	+0.045%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7327	−0.019%	$255K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7319	−0.119%	$90.0M	$110.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7319	−0.123%	$48.8M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7322	−0.082%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7323	−0.068%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7321	−0.096%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7323	−0.064%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7320	−0.109%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7319	−0.123%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7325	−0.040%	$216K	$484K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7329	+0.015%	$2.0M	$369K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7332	+0.051%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7338	+0.136%	$70K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7333	+0.068%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7323	−0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7329	+0.014%	$243K	$117K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7329	+0.015%	$211K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7320	−0.103%	$367K	$638K	25x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0245%	1h	0.7326	−0.022%	$337K	$491K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7323	−0.062%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7328	0.000%	$3.5M	$1.9M	75x	as long as short