Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.061%

Price spread now: Injective against Aster+0.023%57s7-day average — · you sell dearer than you buy

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

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	Aster BXUSDT	126.25	0	get 0.0000% / 8h	56m 27s	$5K	$2K	20x
Short	Injective BX/USDC PERP	126.28	0.0220	get 0.0028% / 1h	56m 27s	$963	$27K	12x

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

Position, each leg$Hold fordaysFee AsterbpFee InjectivebpOrdersPrice spread, now +0.023%Rate

Funding earned: $46.2
Price spread: +0.023% → 0.000%: $2.28
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: $40.46
Costs to cover: 0.080%
Break-even: 0.9 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

Leg	Half-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.

BX 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
Aster BXUSDTlong	0.0000%	8h	126.25	long leg	$5K	$2K	20x
Bybit BXUSDT	0.0000%	8h	126.55	+0.237%	$498K	$857K	25x	as long as short
QFEX BX-USD	0.0000%	1h	126.69	+0.348%	$1.1M	$1.3M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.70	+0.355%	$425K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.63	+0.300%	$903K	$44K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.55	+0.237%	$872	$302K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.61	+0.284%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0193%	8h	126.47	+0.173%	$163K	$107K	20x	as long as short
Injective BX/USDC PERPshort	+0.0220%	1h	126.28	+0.023%	$963	$27K	12x
tradeXYZ xyz:BX	+0.0392%	1h	126.46	+0.165%	$663K	$180K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BX	+0.0925%	8h	126.55	+0.235%	$31K	$127	—	as long as short
KuCoin BXUSDTM	+0.0940%	8h	126.41	+0.126%	$112K	$1.1M	20x	as long as short
Binance BXUSDT	+0.1278%	8h	126.53	+0.224%	$804K	$454K	20x	as long as short
GRVT BX_USDT_Perp	+0.2070%	8h	126.55	+0.237%	$416	$124K	10x	as long as short