Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.003%

Price spread now: Injective against GRVT−0.407%7-day average +0.313% · you buy dearer than you sell

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

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$7 on $10k

Price spread, last 3 days (all we have)−1.053%−$105 · spread now −0.407%, 7d avg +0.313%

Together, before fees−1.118%+ Points / potential airdropGRVT: Active · farm board−$112 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.720% cheaper against GRVT than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of +0.313%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ASTER_USDT_Perp	0.7420	0.0100	pay 0.0050% / 4h	3h 46m	$461K	$3.8M	10x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	46m 19s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GRVT. 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 GRVTbpFee InjectivebpOrdersPrice spread, now −0.407%Rate

Funding earned: −$14
Price spread: −0.407% → +0.313%: −$72
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$95.02
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.67 bp	10.5 bp −$11	25.7 bp −$257	4480.5 bp −$448.1K	62371.3 bp −$31.19M
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
Backpack ASTER_USDC_PERP	−0.0113%	1h	0.7427	+0.090%	$215K	$404K	10x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7416	−0.058%	$264K	$867K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7427	+0.095%	$56.4M	$101.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7426	+0.075%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7427	+0.089%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7421	+0.005%	$30K	—	150x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	−0.407%	$9	$133K	5.5x
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7431	+0.145%	$341K	$507K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7426	+0.078%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7432	+0.161%	$917K	$879K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7425	+0.064%	$371K	$266K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7430	+0.138%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7421	+0.010%	$91.0M	$108.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7423	+0.037%	$49.6M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7422	+0.024%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7428	+0.105%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7425	+0.064%	$35.0M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7426	+0.078%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7422	+0.024%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7421	+0.010%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7423	+0.042%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perplong	+0.0100%	4h	0.7420	long leg	$461K	$3.8M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7427	+0.091%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7433	+0.172%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7427	+0.091%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7419	−0.017%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7423	+0.044%	$372K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7429	+0.118%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7417	−0.037%	$214K	$1.9M	10x	as long as short
Hyperliquid ASTER	+0.0238%	1h	0.7430	+0.133%	$25.8M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7421	+0.007%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7423	+0.037%	$3.5M	$1.9M	75x	as long as short