Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%

Price spread now: Injective against SunX−0.592%61s7-day average −0.238% · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.099%−$10 on $10k

Price spread, last 3 days (all we have)−1.095%−$109 · spread now −0.592%, 7d avg −0.238%

Together, before fees−1.194%−$119 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.354% cheaper against SunX than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.238%). Swap the legs. 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	SunX ASTER-USDT	0.7434	0.0100	pay 0.0050% / 4h	3h 44m	$2K	$1.7M	20x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	44m 08s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now −0.592%Rate

Funding earned: −$14
Price spread: −0.592% → −0.238%: −$35.42
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$57.44
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; 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 SunX live order book, 11 min ago	30.88 bp	107.0 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Backpack ASTER_USDC_PERP	−0.0085%	1h	0.7418	−0.218%	$214K	$404K	10x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7416	−0.243%	$264K	$862K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7425	−0.122%	$56.4M	$100.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7432	−0.028%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7422	−0.167%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7428	−0.085%	$30K	—	150x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	−0.592%	$9	$133K	5.5x
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7426	−0.105%	$341K	$486K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7428	−0.081%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7427	−0.101%	$916K	$879K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7426	−0.114%	$371K	$261K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7439	+0.061%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7425	−0.117%	$91.1M	$108.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7424	−0.135%	$49.7M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7430	−0.054%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7428	−0.081%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7421	−0.175%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7427	−0.090%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7424	−0.135%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7422	−0.161%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7423	−0.143%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7420	−0.185%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7428	−0.081%	$66K	$716K	50x	as long as short
SunX ASTER-USDTlong	+0.0100%	4h	0.7434	long leg	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7422	−0.161%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7435	+0.013%	$243K	$111K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7423	−0.149%	$372K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7431	−0.040%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7417	−0.222%	$214K	$1.9M	10x	as long as short
Hyperliquid ASTER	+0.0232%	1h	0.7430	−0.058%	$25.8M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7423	−0.150%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7423	−0.148%	$3.5M	$1.9M	75x	as long as short