Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h +0.795%

Price spread now: Kraken Futures against Aster+0.025%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

The price spread pays, funding is against you. Kraken Futures is 0.025% dearer against Aster than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOTUSDT	0.0005101	0.0100	pay 0.0050% / 4h	3h 55m	$14K	$9K	5x
Short	Kraken Futures PF_NOTUSD	0.0005102	−0.0332	pay 0.0042% / 1h	55m 11s	$50K	$10K	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 +0.025%Rate

Funding earned: −$90.76
Price spread: +0.025% → 0.000%: $2.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$106.28
Costs to cover: 0.180%
Break-even: never at this rate

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
Kraken Futures PF_NOTUSDshort	−0.0332%	1h	0.0005102	+0.025%	$50K	$10K	10x
Variational Omni NOT	−0.0014%	4h	0.0005109	+0.163%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.450%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0077%	4h	0.0005112	+0.216%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005100	−0.010%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	−0.216%	$373K	$50K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005101	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005089	−0.235%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005090	−0.216%	$2.1M	$830K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005089	−0.235%	$634K	$614K	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	0.0005089	−0.235%	$141K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005089	−0.235%	$1.4M	$460K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005091	−0.196%	$465K	$138K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005098	−0.059%	$668K	$391K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005096	−0.098%	—	$7.4M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005090	−0.210%	$4K	$491	5x	as long as short