Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h −0.408%

Price spread now: Injective against Aster−0.456%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.456% cheaper against Aster than usual: you would sell low and buy high (spread −0.456% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 8.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IOUSDT	0.1499	0.0100	pay 0.0050% / 4h	3h 50m	$23K	$42K	5x
Short	Injective IO/USDC PERP	0.1492	0.0277	get 0.0035% / 1h	50m 48s	$2K	$196	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now −0.456%Rate

Funding earned: $37.13
Price spread: −0.456% → 0.000%: −$45.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$16.49
Costs to cover: 0.080%
Break-even: 10.1 days

Slippage unknown: Aster: 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 Aster no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Aster 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.

IO on 14 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
Hyperliquid IO	+0.0100%	1h	0.1499	+0.024%	$1.0M	$275K	3x	as long as short
Aster IOUSDTlong	+0.0100%	4h	0.1499	long leg	$23K	$42K	5x
Binance IOUSDT	+0.0100%	4h	0.1499	−0.021%	$3.0M	$4.9M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1495	−0.223%	$1.1M	$629K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1498	−0.042%	$230K	$443K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1497	−0.122%	$1.2M	$212K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1498	−0.056%	$344K	$195K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1499	+0.011%	$1.4M	$957K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1498	−0.056%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1495	−0.239%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1498	−0.049%	$692	$212K	5x	as long as short
BloFin IO-USDT	+0.0137%	4h	0.1499	+0.011%	$193K	$33K	50x	as long as short
Injective IO/USDC PERPshort	+0.0277%	1h	0.1492	−0.456%	$2K	$196	5.5x
Kraken Futures PF_IOUSD	+3.9773%	1h	0.1501	+0.139%	$39K	$7K	10x	as long as short