Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1839%/8h= +201.3% APRpaid last 24h +0.911%

Price spread now: Kraken Futures against Aster+0.081%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 +$55 a day on $10k at the current rate, and Kraken Futures is 0.081% dearer against Aster than usual: you sell high and buy low: +$8 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 NOTUSDT	0.0005040	0.0100	pay 0.0050% / 4h	1h 55m	$14K	$9K	5x
Short	Kraken Futures PF_NOTUSD	0.0005044	0.1939	get 0.0242% / 1h	55m 33s	$49K	$9K	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 +0.081%Rate

Funding earned: $386.1
Price spread: +0.081% → 0.000%: $8.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $376.19
Costs to cover: 0.180%
Break-even: 0.2 days

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.

NOT on 16 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
Variational Omni NOT	−0.0005%	4h	0.0005021	−0.381%	$71K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.299%	$1K	$13K	5.5x	as long as short
KuCoin NOTUSDTM	+0.0042%	4h	0.0005034	−0.125%	$480K	$136K	50x	as long as short
BloFin NOT-USDT	+0.0090%	4h	0.0005038	−0.046%	$109K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005047	+0.133%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005030	−0.204%	$339K	$69K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005040	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005035	−0.099%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005030	−0.204%	$2.1M	$889K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005033	−0.145%	$639K	$707K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005040	−0.006%	$139K	$57K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005037	−0.065%	$1.3M	$436K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005039	−0.026%	$674K	$492K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005034	−0.125%	—	$729K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005034	−0.121%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.1939%	1h	0.0005044	+0.081%	$49K	$9K	10x