Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.023%

Price spread now: SunX against Injective+1.191%61s7-day average +0.229% · you sell dearer than you buy

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.366%+$37 · spread now +1.191%, 7d avg +0.229%

Together, before fees+0.460%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.962% dearer against Injective than usual: you sell high and buy low: +$96 more if the spread goes back to its 7-day average of +0.229%. The two prices were read 61 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	0.0045	pay 0.0006% / 1h	32m 03s	$9	$133K	5.5x
Short	SunX ASTER-USDT	0.7478	0.0100	get 0.0050% / 4h	32m 03s	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +1.191%Rate

Funding earned: $11.55
Price spread: +1.191% → +0.229%: $96.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $99.75
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	30.78 bp	132.5 bp −$133	doesn't fit	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	−0.0136%	1h	0.7466	+1.028%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7472	+1.113%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7471	+1.097%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7472	+1.115%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7473	+1.122%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7473	+1.128%	$338K	$484K	20x	as long as short
Injective ASTER/USDC PERPlong	+0.0045%	1h	0.7390	long leg	$9	$133K	5.5x
Lighter ASTER	+0.0096%	1h	0.7475	+1.147%	$926K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7473	+1.123%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7473	+1.129%	$256K	$104K	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	0.7471	+1.090%	$91.5M	$107.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7472	+1.110%	$50.0M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7467	+1.042%	$12.1M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7470	+1.083%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7471	+1.096%	$35.3M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7473	+1.124%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7465	+1.015%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7469	+1.069%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7468	+1.050%	$232K	$388K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7468	+1.057%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7470	+1.082%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7462	+0.974%	$67K	$712K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7478	+1.191%	$14K	$845	10x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7478	+1.191%	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7469	+1.069%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7470	+1.083%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7464	+0.997%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7467	+1.043%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7475	+1.150%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7472	+1.116%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7467	+1.042%	$3.5M	$1.9M	75x	as long as short
Hyperliquid ASTER	+0.0344%	1h	0.7480	+1.212%	$26.0M	$6.9M	5x	as long as short