Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0077%/8h= −8.5% APRpaid last 24h −0.020%

Price spread now: Injective against BingX+0.176%72s7-day average — · you sell dearer than you buy

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

Long on BingX Short on Injective

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—needs both histories

The price spread pays, funding is against you. Injective is 0.176% dearer against BingX than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.6 days. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7397	0.0100	pay 0.0050% / 4h	1h 56m	—	$9.6M	—
Short	Injective ASTER/USDC PERP	0.7410	0.0023	get 0.0003% / 1h	56m 15s	$9	$96K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee InjectivebpOrdersPrice spread, now +0.176%Rate

Funding earned: −$16.22
Price spread: +0.176% → 0.000%: $17.57
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$8.67
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 12 min ago; Injective: 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 BingX live order book, 12 min ago	2.70 bp	8.2 bp −$8	11.5 bp −$115	30.7 bp −$3,070	149.1 bp −$74.5K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7390	−0.100%	$251K	$827K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0047%	1h	0.7397	−0.005%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7396	−0.010%	$56.6M	$99.9M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7396	−0.008%	$30K	—	150x	as long as short
Injective ASTER/USDC PERPshort	+0.0023%	1h	0.7410	+0.176%	$9	$96K	5.5x
dYdX ASTER-USD	+0.0024%	1h	0.7397	+0.004%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7400	+0.037%	$911K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7395	−0.027%	$370K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7400	+0.039%	$254K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7395	−0.032%	$90.5M	$106.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7396	−0.014%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7397	0.000%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7396	−0.014%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7395	−0.027%	$33.9M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7396	−0.008%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7399	+0.027%	$18.2M	$6.3M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7397	long leg	—	$9.6M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7399	+0.020%	$265K	$322K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7388	−0.118%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7390	−0.095%	$464K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7391	−0.081%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7398	+0.014%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7406	+0.122%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7396	−0.014%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7395	−0.027%	$242K	$118K	20x	as long as short
edgeX ASTERUSDC	+0.0100%	4h	0.7387	−0.132%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7394	−0.043%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0128%	1h	0.7399	+0.027%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7401	+0.052%	$284K	$419K	20x	as long as short
Hyperliquid ASTER	+0.0250%	1h	0.7404	+0.089%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7395	−0.032%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7389	−0.108%	$3.5M	$1.8M	75x	as long as short