Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.012%

Price spread now: Injective against Orderly+0.544%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Injective

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

The price spread pays, funding is against you. Injective is 0.544% dearer against Orderly than usual: you sell high and buy low (spread +0.544% now, against zero (this spread has no 7-day history yet)): +$54 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7350	0.0093	pay 0.0046% / 4h	2h 32m	$14K	$845	10x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	32m 32s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Orderly. 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 OrderlybpFee InjectivebpOrdersPrice spread, now +0.544%Rate

Funding earned: −$12.51
Price spread: +0.544% → 0.000%: $54.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $35.89
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Orderly and 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 31 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	0.7330	−0.265%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7364	+0.187%	$55.3M	$101.5M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7350	−0.004%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7349	−0.019%	$24K	—	150x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	+0.544%	$9	$133K	5.5x
01 Exchange ASTERUSD	+0.0056%	1h	0.7370	+0.272%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDClong	+0.0093%	4h	0.7350	long leg	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7366	+0.222%	$894K	$898K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7371	+0.291%	$367K	$255K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7368	+0.242%	$252K	$71K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7367	+0.236%	$90.2M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7365	+0.204%	$49.2M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7373	+0.313%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7360	+0.136%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7364	+0.190%	$34.6M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7365	+0.204%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7371	+0.286%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7366	+0.218%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7349	−0.015%	$221K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7345	−0.063%	$2.1M	$378K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7343	−0.094%	$452K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7342	−0.109%	$65K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7349	−0.014%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7350	0.000%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7354	+0.054%	$244K	$116K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7363	+0.176%	$367K	$640K	25x	as long as short
Hyperliquid ASTER	+0.0112%	1h	0.7376	+0.358%	$25.5M	$6.6M	5x	as long as short
edgeX ASTERUSDC	+0.0120%	4h	0.7340	−0.142%	$212K	$2.0M	10x	as long as short
dYdX ASTER-USD	+0.0172%	1h	0.7368	+0.242%	$15K	$1K	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7351	+0.012%	$338K	$490K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7349	−0.017%	$28K	—	100x	as long as short