Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.001%

Price spread now: Gate against Injective−1.164%69s7-day average +0.051% · you buy dearer than you sell

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+1.876%+$188 · spread now −1.164%, 7d avg +0.051%

Together, before fees+1.951%+$195 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 1.215% cheaper against Injective than usual: you would sell low and buy high (spread −1.164% now, against its 7-day average of +0.051%). If the spread goes back, that is −$121 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

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	34m 14s	$9	$133K	5.5x
Short	Gate ASTER_USDT	0.7304	0.0100	get 0.0050% / 4h	3h 34m	$6.4M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −1.164%Rate

Funding earned: $14
Price spread: −1.164% → +0.051%: −$121.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$122.49
Costs to cover: 0.150%
Break-even: 68.2 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	1.37 bp	16.5 bp −$16	41.5 bp −$415	134.5 bp −$13.4K	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	−0.0064%	1h	0.7303	−1.183%	$253K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7303	−1.179%	$52.8M	$111.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7303	−1.182%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7300	−1.215%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7302	−1.194%	$24K	—	150x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7300	−1.218%	$13K	$1K	10x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7305	−1.150%	$8K	$4K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7303	−1.180%	$883K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7305	−1.149%	$362K	$272K	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	0.7306	−1.133%	$254K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7301	−1.204%	$90.2M	$121.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7302	−1.191%	$49.1M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7303	−1.177%	$12.5M	$20.2M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7304	−1.164%	$6.4M	$5.7M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7306	−1.137%	$34.0M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7302	−1.185%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7304	−1.164%	$17.8M	$7.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7300	−1.218%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7305	−1.149%	$208K	$498K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7293	−1.310%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7295	−1.289%	$456K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7300	−1.218%	$99K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7314	−1.028%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7298	−1.245%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7305	−1.150%	$243K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7299	−1.225%	$365K	$635K	25x	as long as short
Hyperliquid ASTER	+0.0107%	1h	0.7307	−1.119%	$24.9M	$8.0M	5x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7297	−1.253%	$212K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0205%	1h	0.7303	−1.173%	$339K	$610K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7302	−1.197%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7306	−1.137%	$3.5M	$2.1M	75x	as long as short