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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0882%/8h= +96.6% APRpaid last 24h +0.194%

Price spread now: Aster against Kraken Futures−0.085%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

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

Funding pays, the price is against you. Aster is 0.085% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LAYERUSD	0.07720	−0.0782	get 0.0098% / 1h	12m 38s	$8K	$964	10x
Short	Aster LAYERUSDT	0.07713	0.0100	get 0.0050% / 4h	3h 12m	$10K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.085%Rate

Funding earned: $185.18
Price spread: −0.085% → 0.000%: −$8.5
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $158.68
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: Kraken Futures: no order-book sample; Aster: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and Aster: 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.

LAYER on 13 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_LAYERUSDlong	−0.0782%	1h	0.07720	long leg	$8K	$964	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.772%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07734	+0.190%	$601K	$169K	3x	as long as short
Aster LAYERUSDTshort	+0.0100%	4h	0.07713	−0.085%	$10K	$3K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07717	−0.035%	$2.1M	$2.5M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07704	−0.202%	$715K	$698K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07702	−0.228%	$137K	$53K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07728	+0.109%	$346K	$118K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07718	−0.020%	$1.1M	$167K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07722	+0.032%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07720	+0.006%	$26K	$183K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07715	−0.057%	$471	$174K	5x	as long as short
BloFin LAYER-USDT	+0.0106%	4h	0.07707	−0.163%	$114K	$14K	50x	as long as short