Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.013%

Price spread now: Injective against Orderly+0.599%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.599% dearer against Orderly than usual: you sell high and buy low (spread +0.599% now, against zero (this spread has no 7-day history yet)): +$60 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7346	0.0088	pay 0.0044% / 4h	1h 33m	$14K	$845	10x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	33m 12s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Orderly. 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 OrderlybpFee InjectivebpOrdersPrice spread, now +0.599%Rate

Funding earned: −$11.56
Price spread: +0.599% → 0.000%: $59.9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $42.32
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Orderly and 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	−0.0088%	1h	0.7336	−0.133%	$271K	$877K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7342	−0.060%	$54.7M	$101.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7338	−0.115%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7340	−0.082%	$8K	$4K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7342	−0.048%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7342	−0.048%	$24K	—	150x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	+0.599%	$9	$133K	5.5x
Orderly PERP_ASTER_USDClong	+0.0088%	4h	0.7346	long leg	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7347	+0.007%	$891K	$901K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7343	−0.042%	$368K	$252K	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	0.7351	+0.071%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7341	−0.072%	$255K	$72K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7343	−0.038%	$90.2M	$110.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7348	+0.027%	$49.0M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7346	0.000%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7343	−0.041%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7345	−0.014%	$33.7M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7344	−0.029%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7343	−0.041%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7343	−0.041%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7347	+0.014%	$215K	$482K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7333	−0.176%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7336	−0.136%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7337	−0.123%	$65K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7348	+0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7341	−0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7334	−0.163%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7342	−0.058%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7333	−0.183%	$211K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7346	+0.006%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7342	−0.051%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7339	−0.095%	$3.5M	$1.9M	75x	as long as short