Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1354%/8h= +148.3% APRpaid last 24h +0.384%

Price spread now: Aster against Kraken Futures+0.174%7-day average — · you sell dearer than you buy

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

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Aster is 0.174% dearer against Kraken Futures than usual: you sell high and buy low: +$17 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	Kraken Futures PF_SUSD	0.04039	−0.1254	get 0.0157% / 1h	0m 05s	$34K	$16K	10x
Short	Aster SUSDT	0.04046	0.0100	get 0.0050% / 4h	2h 00m	$44K	$134K	10x

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 +0.174%Rate

Funding earned: $284.44
Price spread: +0.174% → 0.000%: $17.38
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $283.82
Costs to cover: 0.180%
Break-even: 0.0 days

Slippage unknown: Kraken Futures: no order-book sample; Aster: live order book, 1 min ago. 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 live order book, 1 min ago	14.80 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit

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.

S on 24 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
01 Exchange SUSD	−0.8976%	1h	0.03950	−2.199%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.04022	−0.417%	$48K	$16K	25x	as long as short
Kraken Futures PF_SUSDlong	−0.1254%	1h	0.04039	long leg	$34K	$16K	10x
Variational Omni S	−0.0350%	4h	0.04052	+0.333%	$630K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04040	+0.039%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04039	+0.012%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04043	+0.092%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.515%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0054%	4h	0.04041	+0.054%	$100K	$331K	10x	as long as short
Lighter S	+0.0096%	1h	0.04047	+0.202%	$168K	$167K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04042	+0.074%	$1.0M	$563K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.04046	+0.174%	$44K	$134K	10x
Binance SUSDT	+0.0100%	4h	0.04039	+0.007%	$5.6M	$14.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04036	−0.070%	$5.8M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04041	+0.054%	$1.0M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04046	+0.178%	$333K	$207K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04043	+0.103%	$3.9M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04039	+0.004%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04043	+0.103%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04040	+0.029%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04060	+0.524%	$24K	$444K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04041	+0.049%	$228K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0492%	1h	0.04047	+0.202%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0958%	1h	0.04050	+0.277%	$118K	$351K	5x	as long as short