Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%

Price spread now: Injective against Bybit+2.312%7-day average −0.052% · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)−2.815%−$281 · spread now +2.312%, 7d avg −0.052%

Together, before fees−2.878%−$288 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.364% dearer against Bybit than usual: you sell high and buy low (spread +2.312% now, against its 7-day average of −0.052%): +$236 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.063% in total) that is about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7223	0.0100	pay 0.0050% / 4h	5m 01s	$48.5M	$25.1M	75x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	5m 01s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now +2.312%Rate

Funding earned: −$14
Price spread: +2.312% → −0.052%: $236.37
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $211.35
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.69 bp	10.0 bp −$10	35.3 bp −$353	doesn't fit	doesn't fit
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	−0.0072%	1h	0.7232	+0.119%	$256K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7225	+0.028%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7223	−0.007%	$52.4M	$110.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7226	+0.037%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7222	−0.014%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7224	+0.014%	$23K	—	150x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	+2.312%	$9	$133K	5.5x
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7220	−0.042%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7226	+0.036%	$874K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7229	+0.086%	$352K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7229	+0.077%	$24.5M	$7.7M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7227	+0.060%	$252K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7223	0.000%	$88.7M	$120.6M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7223	long leg	$48.5M	$25.1M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7225	+0.028%	$12.2M	$19.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7222	−0.014%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7228	+0.069%	$33.1M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7223	+0.003%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7224	+0.014%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7223	0.000%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7226	+0.040%	$209K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	+0.197%	$2.0M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7248	+0.346%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7251	+0.388%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7229	+0.083%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7223	0.000%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7229	+0.083%	$240K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7223	−0.001%	$361K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7249	+0.361%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7228	+0.073%	$342K	$591K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.001%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7228	+0.069%	$3.4M	$2.1M	75x	as long as short