Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.022%

Price spread now: Binance against Injective−1.042%7-day average 0.000% · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+1.426%+$143 · spread now −1.042%, 7d avg 0.000%

Together, before fees+1.529%+$153 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 1.042% cheaper against Injective than usual: you would sell low and buy high (spread −1.042% now, against its 7-day average of 0.000%). If the spread goes back, that is −$104 on $10k: about 52 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ASTER/USDC PERP	0.7390	0.0033	pay 0.0004% / 1h	5m 18s	$9	$133K	5.5x
Short	Binance ASTERUSDT	0.7313	0.0100	get 0.0050% / 4h	3h 05m	$92.4M	$127.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −1.042%Rate

Funding earned: $14
Price spread: −1.042% → 0.000%: −$104.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$100.18
Costs to cover: 0.100%
Break-even: 57.1 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 8 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.68 bp	7.2 bp −$7	17.0 bp −$170	75.9 bp −$7,588	259.9 bp −$129.9K

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
Aster ASTERUSDT	0.0000%	4h	0.7311	−1.065%	$51.1M	$110.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7320	−0.951%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7312	−1.053%	$11K	$55K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7322	−0.916%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7320	−0.950%	$254K	$1.3M	50x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
01 Exchange ASTERUSD	+0.0072%	1h	0.7322	−0.920%	$6K	$7K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0079%	4h	0.7310	−1.083%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0095%	1h	0.7328	−0.844%	$337K	$601K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7325	−0.881%	$889K	$921K	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	0.7315	−1.015%	$346K	$271K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7322	−0.926%	$257K	$111K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7313	−1.042%	$92.4M	$127.8M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7311	−1.069%	$49.7M	$26.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7311	−1.069%	$12.4M	$22.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7312	−1.055%	$6.3M	$5.8M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7312	−1.055%	$35.0M	$21.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7317	−0.989%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7313	−1.042%	$17.9M	$8.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7313	−1.042%	—	$10.0M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7325	−0.874%	$212K	$466K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7317	−0.984%	$2.1M	$427K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7321	−0.935%	$453K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7316	−1.001%	$112K	$727K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7330	−0.812%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7321	−0.934%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7312	−1.055%	$244K	$164K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7321	−0.938%	$365K	$652K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7316	−1.006%	$213K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0121%	1h	0.7321	−0.938%	$25.1M	$7.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7321	−0.933%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7313	−1.042%	$3.6M	$2.0M	75x	as long as short