Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.022%

Price spread now: Injective against Binance+0.832%107s7-day average −0.008% · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−2.714%−$271 · spread now +0.832%, 7d avg −0.008%

Together, before fees−2.817%−$282 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.841% dearer against Binance than usual: you sell high and buy low (spread +0.832% now, against its 7-day average of −0.008%): +$84 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 days. 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	Binance ASTERUSDT	0.7329	0.0100	pay 0.0050% / 4h	3h 53m	$92.6M	$130.8M	75x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	53m 28s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpFee InjectivebpOrdersPrice spread, now +0.832%Rate

Funding earned: −$14
Price spread: +0.832% → −0.008%: $84.07
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $60.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 5 min ago; 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 Binance live order book, 5 min ago	0.68 bp	6.9 bp −$7	16.4 bp −$164	93.6 bp −$9,362	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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.

ASTER on 32 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
GRVT ASTER_USDT_Perp	−0.0122%	4h	0.7311	−0.250%	$459K	$4.1M	10x	as long as short
Gate ASTER_USDT	−0.0030%	4h	0.7323	−0.082%	$6.3M	$5.7M	75x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7328	−0.014%	$51.6M	$112.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7326	−0.045%	$14K	$1K	5x	as long as short
Extended ASTER-USD	0.0000%	1h	0.7324	−0.068%	$367K	$654K	25x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7321	−0.104%	$11K	$56K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7322	−0.097%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7330	+0.014%	$6K	$7K	10x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7329	+0.003%	$254K	$1.3M	50x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	+0.832%	$9	$133K	5.5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ASTER_USDC	+0.0080%	4h	0.7323	−0.082%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0095%	1h	0.7326	−0.036%	$336K	$641K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7327	−0.031%	$890K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7327	−0.020%	$346K	$292K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7324	−0.062%	$258K	$113K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7329	long leg	$92.6M	$130.8M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7330	+0.014%	$49.5M	$26.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7334	+0.068%	$12.4M	$22.4M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7329	0.000%	$34.9M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7325	−0.057%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7329	0.000%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7326	−0.041%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7325	−0.060%	$210K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7320	−0.119%	$2.1M	$383K	—	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7316	−0.177%	$112K	$746K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7335	+0.082%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7320	−0.123%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7327	−0.027%	$245K	$203K	20x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7312	−0.232%	$213K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0109%	1h	0.7340	+0.153%	$25.2M	$8.0M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7323	−0.080%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7313	−0.218%	$3.6M	$2.1M	75x	as long as short