Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h +0.132%

Price spread now: Aster against Injective−0.051%117s7-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 7 days+0.758%+$76 on $10k

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 0.051% cheaper against Injective than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). The two prices were read 117 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 COIN/USDC PERP	196.31	−0.0440	get 0.0055% / 1h	55m 31s	$43K	$48K	30x
Short	Aster COINUSDT	196.21	0	get 0.0000% / 8h	2h 55m	$342K	$890K	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 −0.051%Rate

Funding earned: $92.4
Price spread: −0.051% → 0.000%: −$5.09
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: $79.29
Costs to cover: 0.080%
Break-even: 1.0 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 57 min ago. 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 live order book, 57 min ago	52.17 bp	59.7 bp −$60	178.0 bp −$1,780	doesn't fit	doesn't fit

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.

COIN on 26 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
Bitget COINUSDT	−0.0741%	8h	196.43	+0.061%	$6.3M	$10.5M	20x	as long as short
Injective COIN/USDC PERPlong	−0.0440%	1h	196.31	long leg	$43K	$48K	30x
Gate COIN_USDT	−0.0215%	8h	196.27	−0.020%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0112%	1h	195.70	−0.311%	—	$270K	25x	as long as short
Aster COINUSDTshort	0.0000%	8h	196.21	−0.051%	$342K	$890K	20x
Extended COIN_24_5-USD	0.0000%	1h	196.25	−0.033%	$117K	$854K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.30	−0.005%	$14.7M	$80.6M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.23	−0.041%	$4.8M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.24	−0.036%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.44	+0.067%	$690K	$943K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.55	+0.121%	$10K	$2.5M	10x	as long as short
Lighter COIN	+0.0032%	1h	196.27	−0.021%	$379K	$2.1M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.27	−0.020%	$453K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.29	−0.010%	$1.3M	$3.1M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.46	+0.076%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.16	−0.076%	$15.3M	$13.7M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.21	−0.051%	$132K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.34	+0.015%	$82	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.13	−0.092%	$351K	$2.7M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.24	−0.036%	$989K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.38	+0.036%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.34	+0.015%	$568	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.37	+0.030%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.42	+0.056%	$188K	$394K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.18	−0.066%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0231%	4h	196.36	+0.025%	$51K	$294K	10x	as long as short