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: BingX against Injective+1.123%87s7-day average +0.062% · you sell dearer than you buy

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$10 on $10k

Price spread, last 3 days (all we have)+0.429%+$43 · spread now +1.123%, 7d avg +0.062%

Together, before fees+0.525%+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 1.061% dearer against Injective than usual: you sell high and buy low: +$106 more if the spread goes back to its 7-day average of +0.062%. The two prices were read 87 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 ASTER/USDC PERP	0.7390	0.0033	pay 0.0004% / 1h	9m 46s	$9	$133K	5.5x
Short	BingX ASTER-USDT	0.7473	0.0100	get 0.0050% / 4h	3h 09m	—	$9.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +1.123%Rate

Funding earned: $14
Price spread: +1.123% → +0.062%: $106.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $110.08
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	2.01 bp	8.3 bp −$8	10.7 bp −$107	40.2 bp −$4,021	161.0 bp −$80.5K

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
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7456	+0.894%	$265K	$852K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7469	+1.072%	$56.5M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7470	+1.080%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7467	+1.045%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7470	+1.087%	$30K	—	150x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7470	+1.085%	$343K	$496K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7476	+1.166%	$922K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7475	+1.150%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0096%	4h	0.7476	+1.164%	$14K	$845	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7470	+1.087%	$374K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7472	+1.105%	$256K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7471	+1.100%	$91.9M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7472	+1.110%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7474	+1.137%	$12.2M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7471	+1.096%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7470	+1.083%	$35.6M	$17.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7470	+1.088%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7471	+1.096%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7473	+1.123%	—	$9.6M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7471	+1.095%	$218K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	+0.829%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7461	+0.954%	$463K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7460	+0.947%	$67K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7478	+1.191%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7465	+1.015%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7468	+1.055%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7471	+1.094%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7455	+0.879%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0222%	1h	0.7482	+1.245%	$26.0M	$6.4M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0306% / S −0.0215%	1h	0.7471	+1.092%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7457	+0.907%	$3.5M	$1.8M	75x	as long as short