Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%

Price spread now: SunX against Injective−1.191%7-day average +0.219% · you buy dearer than you sell

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)+1.763%+$176 · spread now −1.191%, 7d avg +0.219%

Together, before fees+1.922%+$192 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 1.410% cheaper against Injective than usual: you would sell low and buy high (spread −1.191% now, against its 7-day average of +0.219%). If the spread goes back, that is −$141 on $10k: about 2 months of funding at the current rate (+$2 a day).

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	22m 35s	$9	$133K	5.5x
Short	SunX ASTER-USDT	0.7302	0.0100	get 0.0050% / 4h	22m 35s	$3K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now −1.191%Rate

Funding earned: $14
Price spread: −1.191% → +0.219%: −$140.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$134.99
Costs to cover: 0.080%
Break-even: 74.5 days

Slippage unknown: Injective: no order-book sample; SunX: 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 SunX live order book, 13 min ago	30.97 bp	125.1 bp −$125	doesn't fit	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.

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	−0.0072%	1h	0.7297	−1.264%	$254K	$989K	50x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7301	−1.204%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7292	−1.325%	$53.2M	$109.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7292	−1.332%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7298	−1.245%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7296	−1.271%	$31K	—	150x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
Orderly PERP_ASTER_USDC	+0.0068%	4h	0.7299	−1.231%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7295	−1.284%	$882K	$921K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7294	−1.299%	$359K	$264K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7299	−1.225%	$25.4M	$7.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7295	−1.287%	$254K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7297	−1.258%	$89.5M	$119.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7291	−1.340%	$48.9M	$24.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7296	−1.272%	$12.2M	$19.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7295	−1.286%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7291	−1.340%	$33.4M	$18.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7291	−1.344%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7296	−1.272%	$17.8M	$7.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7299	−1.231%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7302	−1.196%	$218K	$493K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7281	−1.473%	$2.1M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7288	−1.374%	$452K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7291	−1.340%	$99K	$731K	50x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7302	−1.191%	$3K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7298	−1.245%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7295	−1.286%	$242K	$141K	20x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7290	−1.355%	$211K	$2.1M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7297	−1.257%	$365K	$638K	25x	as long as short
Kraken Futures PF_ASTERUSD	+0.0282%	1h	0.7303	−1.182%	$341K	$579K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7294	−1.300%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7297	−1.258%	$3.4M	$2.1M	75x	as long as short