Funding you earn now, next payment 02:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h +0.824%
Price spread now: Kraken Futures against Aster+0.532%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Kraken Futures is 0.532% dearer against Aster than usual: you sell high and buy low (spread +0.532% now, against zero (this spread has no 7-day history yet)): +$53 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster INITUSDT | 0.08281 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $27K | $37K | 5x |
| Short | Kraken Futures PF_INITUSD | 0.08325 | 0.0034 | get 0.0004% / 1h | 26m 36s | $5K | $17K | 10x |
Aster INITUSDT
Kraken Futures PF_INITUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.95
- Price spread: +0.532% → 0.000%
- $53.24
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $21.3
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. 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 Aster no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Aster and Kraken Futures: 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.
INIT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSDshort | +0.0034% | 1h | 0.08325 | +0.532% | $5K | $17K | 10x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08330 | +0.595% | $303K | $232K | 3x | as long as short |
| Aster INITUSDTlong | +0.0100% | 4h | 0.08281 | long leg | $27K | $37K | 5x | |
| Binance INITUSDT | +0.0100% | 4h | 0.08319 | +0.463% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08315 | +0.411% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08337 | +0.676% | $137K | $657K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08307 | +0.314% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08333 | +0.628% | $452K | $212K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08312 | +0.374% | $331K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08331 | +0.604% | $434K | $303K | 25x | as long as short |
Hyperliquid INIT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08321 | +0.483% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08299 | +0.220% | $26K | $23K | — | as long as short |
BingX INIT-USDT
Variational Omni INIT