Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.015%

Price spread now: Variational Omni against Injective−1.851%7-day average −0.030% · you buy dearer than you sell

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+3.168%+$317 · spread now −1.851%, 7d avg −0.030%

Together, before fees+3.165%+ Points / potential airdropVariational Omni: Active · farm board+$317 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 1.821% cheaper against Injective than usual: you would sell low and buy high (spread −1.851% now, against its 7-day average of −0.030%). If the spread goes back, that is −$182 on $10k: about 3 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	17m 24s	$9	$133K	5.5x
Short	Variational Omni ASTER	0.7253	0.0100	get 0.0050% / 4h	2h 17m	$2.1M	$389K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −1.851%Rate

Funding earned: $14
Price spread: −1.851% → −0.030%: −$182.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$168.14
Costs to cover: 0.000%
Break-even: 91.1 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	4.79 bp	doesn't fit	30.8 bp −$308	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	−0.0048%	1h	0.7307	−1.119%	$277K	$1.2M	50x	as long as short
01 Exchange ASTERUSD	−0.0008%	1h	0.7310	−1.083%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7317	−0.988%	$52.5M	$114.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7304	−1.170%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7316	−1.004%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7315	−1.009%	$24K	—	150x	as long as short
Extended ASTER-USD	+0.0024%	1h	0.7311	−1.073%	$364K	$643K	25x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
Orderly PERP_ASTER_USDC	+0.0053%	4h	0.7317	−0.988%	$13K	$1K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7308	−1.108%	$885K	$927K	5x	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	0.7313	−1.036%	$342K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7322	−0.922%	$25.0M	$8.1M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7308	−1.115%	$257K	$106K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7316	−1.001%	$91.6M	$126.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7316	−1.001%	$49.2M	$25.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7317	−0.988%	$12.5M	$21.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7308	−1.110%	$6.3M	$5.8M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7318	−0.974%	$34.4M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7315	−1.022%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7317	−0.988%	$17.8M	$8.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7316	−1.001%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7310	−1.077%	$208K	$497K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7253	−1.851%	$2.1M	$389K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7318	−0.975%	$451K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7318	−0.974%	$99K	$736K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7321	−0.934%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7309	−1.096%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7313	−1.042%	$243K	$170K	20x	as long as short
edgeX ASTERUSDC	+0.0118%	4h	0.7257	−1.798%	$212K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0296%	1h	0.7313	−1.047%	$337K	$640K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7314	−1.027%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7314	−1.028%	$3.5M	$2.0M	75x	as long as short