Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.6214%/8h= +680.5% APRpaid last 24h +5.028%

Price spread now: Kraken Futures against Aster+0.263%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$186 a day on $10k at the current rate, and Kraken Futures is 0.263% dearer against Aster than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IOUSDT	0.1481	0.0100	pay 0.0050% / 4h	1h 28m	$23K	$42K	5x
Short	Kraken Futures PF_IOUSD	0.1485	0.6314	get 0.0789% / 1h	28m 06s	$51K	$19K	10x

Funding 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 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.263%Rate

Funding earned: $1,304.99
Price spread: +0.263% → 0.000%: $26.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,313.3
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.

IO on 14 exchanges

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
BloFin IO-USDT	+0.0041%	4h	0.1480	−0.061%	$190K	$28K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1481	−0.020%	$991K	$282K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1481	long leg	$23K	$42K	5x
Binance IOUSDT	+0.0100%	4h	0.1481	−0.026%	$2.9M	$4.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1478	−0.196%	$1.1M	$538K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1480	−0.047%	$213K	$410K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1478	−0.196%	$1.2M	$212K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1479	−0.128%	$331K	$193K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1481	+0.007%	$1.3M	$864K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1479	−0.128%	—	$1.3M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1476	−0.354%	$28K	$20K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1480	−0.083%	$3K	$207K	5x	as long as short
Injective IO/USDC PERP	+0.0452%	1h	0.1494	+0.885%	$2K	$189	5.5x	as long as short
Kraken Futures PF_IOUSDshort	+0.6314%	1h	0.1485	+0.263%	$51K	$19K	10x