Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.004%

Price spread now: KuCoin against Injective−0.308%7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.308% cheaper against Injective than usual: you would sell low and buy high (spread −0.308% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 6.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ASTER/USDC PERP	0.7410	−0.0072	get 0.0009% / 1h	2m 37s	$9	$96K	5.5x
Short	KuCoin ASTERUSDTM	0.7387	0.0100	get 0.0050% / 4h	2h 02m	$11.0M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.308%Rate

Funding earned: $36.04
Price spread: −0.308% → 0.000%: −$30.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.75
Costs to cover: 0.120%
Break-even: 8.3 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	3.44 bp	10.9 bp −$11	43.2 bp −$432	doesn't fit	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	−0.0160%	1h	0.7372	−0.506%	$250K	$825K	50x	as long as short
Injective ASTER/USDC PERPlong	−0.0072%	1h	0.7410	long leg	$9	$96K	5.5x
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7384	−0.347%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7383	−0.368%	$56.5M	$99.9M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7383	−0.362%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0007%	1h	0.7393	−0.235%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7393	−0.233%	$910K	$852K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7381	−0.391%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7385	−0.343%	$369K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7391	−0.262%	$253K	$108K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7391	−0.256%	$90.5M	$106.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7390	−0.270%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7391	−0.256%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7391	−0.256%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7390	−0.270%	$33.8M	$16.3M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7387	−0.308%	$11.0M	$3.1M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7391	−0.256%	$18.1M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7392	−0.243%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7385	−0.339%	$264K	$322K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7394	−0.214%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7386	−0.321%	$464K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7381	−0.391%	$66K	$717K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7391	−0.256%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7383	−0.364%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7383	−0.364%	$241K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7393	−0.228%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7385	−0.335%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7386	−0.324%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0263%	1h	0.7387	−0.310%	$284K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7384	−0.355%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7385	−0.337%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTER	+0.0454%	1h	0.7393	−0.231%	$25.8M	$6.7M	5x	as long as short