Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.015%

Price spread now: Variational Omni against Injective−0.113%7-day average −0.030% · you buy dearer than you sell

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+1.431%+$143 · spread now −0.113%, 7d avg −0.030%

Together, before fees+1.428%+ Points / potential airdropVariational Omni: Active · farm board+$143 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.084% cheaper against Injective than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.030%). If the spread goes back, that is −$8 on $10k: about 4.2 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	0m 51s	$9	$133K	5.5x
Short	Variational Omni ASTER	0.7382	0.0100	get 0.0050% / 4h	2h 00m	$2.1M	$392K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.113%Rate

Funding earned: $14
Price spread: −0.113% → −0.030%: −$8.36
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.62
Costs to cover: 0.000%
Break-even: 4.2 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	4.06 bp	doesn't fit	47.4 bp −$474	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	−0.0048%	1h	0.7387	−0.042%	$265K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7386	−0.053%	$53.2M	$115.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7385	−0.073%	$15K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7387	−0.045%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7383	−0.092%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0032%	1h	0.7387	−0.041%	$6K	$7K	10x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
Orderly PERP_ASTER_USDC	+0.0055%	4h	0.7383	−0.095%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7389	−0.008%	$904K	$942K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7385	−0.068%	$340K	$294K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7392	+0.027%	$25.2M	$8.2M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7386	−0.055%	$260K	$109K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7386	−0.048%	$93.3M	$130.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7385	−0.068%	$49.7M	$26.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7385	−0.068%	$12.6M	$22.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7384	−0.081%	$6.4M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7388	−0.027%	$34.4M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7386	−0.060%	$10.9M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7385	−0.068%	$18.0M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7383	−0.095%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7392	+0.027%	$211K	$499K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7382	−0.113%	$2.1M	$392K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7386	−0.052%	$457K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7380	−0.135%	$100K	$737K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7399	+0.122%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7387	−0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7384	−0.081%	$247K	$200K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7383	−0.098%	$371K	$647K	25x	as long as short
edgeX ASTERUSDC	+0.0115%	4h	0.7384	−0.080%	$216K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0292%	1h	0.7392	+0.028%	$342K	$663K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7383	−0.091%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7384	−0.081%	$3.6M	$2.1M	75x	as long as short