Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h 0.000%

Price spread now: Injective against Aster+9.827%87s7-day average — · you sell dearer than you buy

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 9.827% dearer against Aster than usual: you sell high and buy low: +$983 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	Aster BXUSDT	126.33	0	get 0.0000% / 8h	7h 21m	$5K	$868	20x
Short	Injective BX/USDC PERP	138.74	0.0220	get 0.0028% / 1h	21m 55s	$4K	$31K	12x

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 +9.827%Rate

Funding earned: $46.2
Price spread: +9.827% → 0.000%: $982.67
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: $1,020.85
Costs to cover: 0.080%
Break-even: from the start

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.

BX 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
Aster BXUSDTlong	0.0000%	8h	126.33	long leg	$5K	$868	20x
Bybit BXUSDT	0.0000%	8h	126.44	+0.090%	$479K	$805K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.51	+0.145%	$164K	$115K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.69	+1.079%	$1.2M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.47	+0.114%	$421K	$24K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.19	−0.108%	$897K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.30	−0.021%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.32	−0.006%	$784	$106K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.34	+0.011%	$1K	$302K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.39	+0.050%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BXUSDT	+0.0008%	8h	126.42	+0.071%	$771K	$521K	20x	as long as short
tradeXYZ xyz:BX	+0.0050%	1h	126.24	−0.068%	$665K	$268K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.21	−0.092%	$116K	$782K	20x	as long as short
Injective BX/USDC PERPshort	+0.0220%	1h	138.74	+9.827%	$4K	$31K	12x