Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%

Price spread now: BingX against Injective−0.555%7-day average +0.061% · you buy dearer than you sell

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$10 on $10k

Price spread, last 3 days (all we have)+2.441%+$244 · spread now −0.555%, 7d avg +0.061%

Together, before fees+2.536%+$254 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.616% cheaper against Injective than usual: you would sell low and buy high (spread −0.555% now, against its 7-day average of +0.061%). If the spread goes back, that is −$62 on $10k: about 31 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	10m 29s	$9	$133K	5.5x
Short	BingX ASTER-USDT	0.7349	0.0100	get 0.0050% / 4h	2h 10m	—	$9.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now −0.555%Rate

Funding earned: $14
Price spread: −0.555% → +0.061%: −$61.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.62
Costs to cover: 0.100%
Break-even: 35.8 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	2.03 bp	7.9 bp −$8	12.6 bp −$126	40.0 bp −$3,998	140.1 bp −$70.1K

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 31 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	−0.0080%	1h	0.7350	−0.543%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7352	−0.513%	$54.9M	$101.6M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7354	−0.487%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7353	−0.506%	$34K	—	150x	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	0.7350	−0.541%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7350	−0.541%	$14K	$845	10x	as long as short
dYdX ASTER-USD	+0.0095%	1h	0.7351	−0.534%	$14K	$1K	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7352	−0.513%	$893K	$898K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	−0.474%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7356	−0.464%	$25.5M	$6.6M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7352	−0.515%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7348	−0.567%	$90.1M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7348	−0.568%	$49.1M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7351	−0.528%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7350	−0.541%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7349	−0.555%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7354	−0.488%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7348	−0.568%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7349	−0.555%	—	$9.6M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7356	−0.464%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	−0.538%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7350	−0.537%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	−0.528%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7349	−0.555%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7356	−0.460%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7350	−0.541%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7349	−0.555%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7347	−0.581%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7362	−0.383%	$340K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7352	−0.508%	$28K	—	100x	as long as short