Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.015%

Price spread now: Injective against Variational Omni+1.930%121s7-day average +0.051% · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−2.289%−$229 · spread now +1.930%, 7d avg +0.051%

Together, before fees−2.290%+ Points / potential airdropVariational Omni: Active · farm board−$229 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.879% dearer against Variational Omni than usual: you sell high and buy low (spread +1.930% now, against its 7-day average of +0.051%): +$188 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 4 days (−0.001% in total) that is about years. The two prices were read 121 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	Variational Omni ASTER	0.7250	0.0100	pay 0.0050% / 4h	3h 23m	$2.1M	$427K	—
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	23m 22s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee InjectivebpOrdersPrice spread, now +1.930%Rate

Funding earned: −$14
Price spread: +1.930% → +0.051%: $187.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $173.89
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago	4.13 bp	doesn't fit	44.1 bp −$441	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
Aster ASTERUSDT	0.0000%	4h	0.7295	+0.625%	$51.2M	$112.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7261	+0.145%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7278	+0.392%	$11K	$55K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7261	+0.151%	$23K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7258	+0.104%	$252K	$1.3M	50x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	+1.930%	$9	$133K	5.5x
01 Exchange ASTERUSD	+0.0048%	1h	0.7296	+0.633%	$6K	$7K	10x	as long as short
Extended ASTER-USD	+0.0064%	1h	0.7300	+0.690%	$365K	$654K	25x	as long as short
Gate ASTER_USDT	+0.0076%	4h	0.7294	+0.606%	$6.3M	$5.8M	75x	as long as short
Orderly PERP_ASTER_USDC	+0.0078%	4h	0.7299	+0.675%	$13K	$1K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0093%	4h	0.7298	+0.661%	$49.4M	$26.3M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0096%	1h	0.7285	+0.475%	$334K	$641K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7294	+0.608%	$885K	$921K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7295	+0.619%	$345K	$289K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7291	+0.566%	$257K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7298	+0.667%	$92.1M	$130.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7298	+0.661%	$12.3M	$22.2M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7298	+0.661%	$34.2M	$21.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7293	+0.597%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7299	+0.675%	$17.9M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7297	+0.647%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7284	+0.469%	$209K	$469K	10x	as long as short
Variational Omni ASTERlong	+0.0100%	4h	0.7250	long leg	$2.1M	$427K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7260	+0.140%	$452K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7270	+0.275%	$111K	$730K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7281	+0.426%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7279	+0.399%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7273	+0.316%	$243K	$203K	20x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7257	+0.100%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0146%	1h	0.7305	+0.751%	$25.0M	$7.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7273	+0.316%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7260	+0.137%	$3.6M	$2.0M	75x	as long as short