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: Bybit against Injective−0.853%7-day average +0.065% · you buy dearer than you sell

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 3 days (all we have)+2.403%+$240 · spread now −0.853%, 7d avg +0.065%

Together, before fees+2.460%+$246 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.918% cheaper against Injective than usual: you would sell low and buy high (spread −0.853% now, against its 7-day average of +0.065%). If the spread goes back, that is −$92 on $10k: about 46 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	56m 44s	$9	$133K	5.5x
Short	Bybit ASTERUSDT	0.7327	0.0100	get 0.0050% / 4h	2h 56m	$48.8M	$22.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.853%Rate

Funding earned: $14
Price spread: −0.853% → +0.065%: −$91.8
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.82
Costs to cover: 0.110%
Break-even: 51.4 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.68 bp	13.6 bp −$14	47.6 bp −$476	151.4 bp −$15.1K	doesn't fit

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	−0.0080%	1h	0.7349	−0.548%	$269K	$849K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0077%	1h	0.7345	−0.612%	$11K	$86K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7333	−0.769%	$55.4M	$100.6M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7353	−0.496%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0032%	1h	0.7357	−0.447%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7348	−0.568%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7334	−0.754%	$891K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7357	−0.446%	$368K	$256K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7337	−0.721%	$25.4M	$6.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7360	−0.411%	$252K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7330	−0.812%	$90.0M	$109.2M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7327	−0.853%	$48.8M	$22.3M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7333	−0.771%	$12.0M	$18.1M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7338	−0.704%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7335	−0.744%	$35.4M	$17.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7335	−0.744%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7328	−0.839%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7331	−0.798%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7338	−0.710%	$214K	$460K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7371	−0.254%	$2.1M	$374K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7384	−0.080%	$455K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7381	−0.122%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7348	−0.568%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7345	−0.609%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7354	−0.487%	$240K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7333	−0.768%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7380	−0.130%	$213K	$1.9M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7350	−0.541%	$338K	$499K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7352	−0.514%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7332	−0.785%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0887%	1h	0.7362	−0.385%	$13K	$61	5x	as long as short