Settings8H · net · $10k
Funding arb · Price arb /

IO

all IO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1487%/8h= +162.8% APRpaid last 24h −0.786%
Price spread now: Injective against Aster−0.040%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Injective is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$45 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster IOUSDT0.15180.0100pay 0.0050% / 4h2h 10m$6K$32K5x
ShortInjective IO/USDC PERP0.15170.1587get 0.0198% / 1h10m 50s$2K$2025.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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

Funding earned
$312.24
Price spread: −0.040% → 0.000%
−$3.98
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$300.24
Costs to cover
0.080%
Break-even
0.3 days
Slippage unknown: Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Injective no order-book sample
Aster 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.

IO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid IO+0.0100%1h0.1519+0.059%$1.0M$386K3xas long as short
Aster IOUSDTlong+0.0100%4h0.1518long leg$6K$32K5x
Binance IOUSDT+0.0100%4h0.1518+0.027%$3.0M$6.6M50xas long as short
Bybit IOUSDT+0.0100%4h0.1517−0.040%$1.1M$913K25xas long as short
Gate IO_USDT+0.0100%4h0.1516−0.099%$234K$561K50xas long as short
MEXC IO_USDT+0.0100%4h0.1517−0.040%$1.2M$231K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1517−0.040%$355K$679K50xas long as short
Bitget IOUSDT+0.0100%4h0.1519+0.092%$1.3M$1.2M50xas long as short
BingX IO-USDT+0.0100%4h0.1518+0.026%$1.3Mas long as short
Variational Omni IO+0.0100%4h0.1516−0.123%$33K$13Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended IO-USD+0.0104%1h0.1518−0.007%$3K$132K5xas long as short
Injective IO/USDC PERPshort+0.1587%1h0.1517−0.040%$2K$2025.5x
Kraken Futures PF_IOUSD+2.1543%1h0.1520+0.159%$39K$18K10xas long as short