Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%

Price spread now: Injective against HTX−0.832%65s7-day average −0.107% · you buy dearer than you sell

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.094%−$9 on $10k

Price spread, last 3 days (all we have)−0.578%−$58 · spread now −0.832%, 7d avg −0.107%

Together, before fees−0.672%−$67 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.725% cheaper against HTX than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of −0.107%). Swap the legs. The two prices were read 65 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	HTX ASTER-USDT	0.7452	0.0100	pay 0.0050% / 4h	3h 58m	$244K	$119K	20x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	58m 08s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −0.832%Rate

Funding earned: −$14
Price spread: −0.832% → −0.107%: −$72.46
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$98.48
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 13 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 HTX live order book, 13 min ago	6.05 bp	82.8 bp −$83	doesn't fit	doesn't fit	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
Deribit ASTER_USDC-PERPETUAL	−0.0394%	1h	0.7451	−0.012%	$11K	$86K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7450	−0.025%	$265K	$866K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0049%	1h	0.7453	+0.013%	$217K	$401K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7454	+0.027%	$56.6M	$100.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7454	+0.025%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7457	+0.063%	$30K	—	150x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	−0.832%	$9	$133K	5.5x
01 Exchange ASTERUSD	+0.0072%	1h	0.7460	+0.107%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7461	+0.127%	$344K	$498K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7458	+0.083%	$924K	$872K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ASTER_USDC	+0.0097%	4h	0.7451	−0.013%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7454	+0.027%	$373K	$267K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7453	+0.020%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7455	+0.034%	$91.4M	$107.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7454	+0.027%	$49.9M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7455	+0.040%	$12.1M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7456	+0.054%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7454	+0.027%	$35.1M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7456	+0.052%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7455	+0.040%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7455	+0.040%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7444	−0.101%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7448	−0.055%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7453	+0.013%	$66K	$718K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7462	+0.134%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7455	+0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDTlong	+0.0100%	4h	0.7452	long leg	$244K	$119K	20x
edgeX ASTERUSDC	+0.0101%	4h	0.7447	−0.069%	$215K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7452	+0.004%	$374K	$641K	25x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7455	+0.042%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7450	−0.027%	$3.5M	$2.0M	75x	as long as short
Hyperliquid ASTER	+0.0340%	1h	0.7464	+0.156%	$25.9M	$6.9M	5x	as long as short