Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.044%

Price spread now: Aster against Injective−9.054%47s7-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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 9.054% cheaper against Injective than usual: you would sell low and buy high (−$905 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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 BX/USDC PERP	138.82	0.0220	pay 0.0028% / 1h	28m 35s	$4K	$32K	12x
Short	Aster BXUSDT	126.25	0	get 0.0000% / 8h	6h 28m	$5K	$2K	20x

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 −9.054%Rate

Funding earned: −$46.2
Price spread: −9.054% → 0.000%: −$905.4
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: −$959.62
Costs to cover: 0.080%
Break-even: never at this rate

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.

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
tradeXYZ xyz:BX	−0.0804%	1h	126.22	−9.077%	$664K	$210K	10x	as long as short
Aster BXUSDTshort	0.0000%	8h	126.25	−9.054%	$5K	$2K	20x
Bybit BXUSDT	0.0000%	8h	126.32	−9.004%	$485K	$866K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.05	−8.479%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.36	−8.976%	$423K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	−8.932%	$898K	$37K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.37	−8.968%	$511	$307K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.35	−8.983%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0123%	8h	126.47	−8.896%	$164K	$113K	20x	as long as short
Injective BX/USDC PERPlong	+0.0220%	1h	138.82	long leg	$4K	$32K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BX_USDT_Perp	+0.0430%	8h	126.33	−8.999%	$390	$119K	10x	as long as short
KuCoin BXUSDTM	+0.0847%	8h	126.28	−9.033%	$115K	$1.0M	20x	as long as short
Variational Omni BX	+0.1115%	8h	126.26	−9.051%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1447%	8h	126.32	−9.004%	$790K	$476K	20x	as long as short