Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.042%

Price spread now: Aster against Injective−0.239%107s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.239% cheaper against Injective than usual: you would sell low and buy high (spread −0.239% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 107 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	Injective TURBO/USDC PERP	0.001069	0.0033	pay 0.0004% / 1h	1m 31s	$83	$4	5.5x
Short	Aster TURBOUSDT	0.001066	0.0100	get 0.0050% / 4h	1m 31s	$9K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.239%Rate

Funding earned: $14
Price spread: −0.239% → 0.000%: −$23.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.97
Costs to cover: 0.080%
Break-even: 16.0 days

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

Injective and Aster: 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.

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0508%	1h	0.001066	−0.284%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERPlong	+0.0033%	1h	0.001069	long leg	$83	$4	5.5x
Hyperliquid TURBO	+0.0100%	1h	0.001069	0.000%	$316K	$146K	3x	as long as short
Aster TURBOUSDTshort	+0.0100%	4h	0.001066	−0.239%	$9K	$20K	10x
Binance TURBOUSDT	+0.0100%	4h	0.001068	−0.103%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001068	−0.122%	$393K	$736K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001068	−0.112%	$917K	$2.0M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001068	−0.084%	$390K	$278K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001067	−0.225%	$5.4M	$580K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001068	−0.084%	$1.9M	$809K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001067	−0.187%	$1.0M	$509K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001066	−0.299%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001067	−0.179%	$2K	$162K	5x	as long as short
BloFin TURBO-USDT	+0.0107%	4h	0.001061	−0.739%	$155K	$440K	75x	as long as short