Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.017%

Price spread now: Aster against Injective+4.123%87s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Aster

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 4.123% dearer against Injective than usual: you sell high and buy low: +$412 more if the spread goes back to zero (this spread has no 7-day history yet). 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 LAYER/USDC PERP	0.07274	0.0033	pay 0.0004% / 1h	43m 58s	—	$18K	5.5x
Short	Aster LAYERUSDT	0.07574	0.0100	get 0.0050% / 4h	2h 43m	$9K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +4.123%Rate

Funding earned: $14
Price spread: +4.123% → 0.000%: $412.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $418.32
Costs to cover: 0.080%
Break-even: from the start

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

Injective and Aster: 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.

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0468%	1h	0.07576	+4.155%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERPlong	+0.0033%	1h	0.07274	long leg	—	$18K	5.5x
BloFin LAYER-USDT	+0.0064%	4h	0.07567	+4.028%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07582	+4.233%	$583K	$162K	3x	as long as short
Aster LAYERUSDTshort	+0.0100%	4h	0.07574	+4.123%	$9K	$2K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07577	+4.168%	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07575	+4.138%	$698K	$644K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07571	+4.083%	$135K	$54K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07575	+4.138%	$349K	$114K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07580	+4.207%	$1.1M	$161K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07560	+3.932%	$25K	$187K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07576	+4.150%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0176%	4h	0.07580	+4.207%	—	$1.6M	—	as long as short