Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.031%

Price spread now: Aster against Injective−3.316%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. Aster is 3.316% cheaper against Injective than usual: you would sell low and buy high (spread −3.316% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$332 on $10k: about 6 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 AR/USDC PERP	4.4240	0.0033	pay 0.0004% / 1h	41m 10s	$2K	$5K	5.5x
Short	Aster ARUSDT	4.2773	0.0100	get 0.0100% / 8h	41m 10s	$32K	$403K	10x

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 −3.316%Rate

Funding earned: $14
Price spread: −3.316% → 0.000%: −$331.63
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: −$325.65
Costs to cover: 0.080%
Break-even: 169.8 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 61 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 Aster live order book, 61 min ago	14.16 bp	33.0 bp −$33	doesn't fit	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.

AR on 17 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_ARUSD	−0.1518%	1h	4.2764	−3.336%	$53K	$141K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2766	−3.331%	$549K	—	50x	as long as short
Injective AR/USDC PERPlong	+0.0033%	1h	4.4240	long leg	$2K	$5K	5.5x
Aster ARUSDTshort	+0.0100%	8h	4.2773	−3.316%	$32K	$403K	10x
Binance ARUSDT	+0.0100%	8h	4.2770	−3.323%	$8.5M	$48.4M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2770	−3.323%	$4.4M	$8.8M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2750	−3.368%	$2.2M	$16.0M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2710	−3.458%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2760	−3.345%	$5.9M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2740	−3.391%	$1.1M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2730	−3.413%	$3.7M	$5.1M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2740	−3.391%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2867	−3.104%	$246K	$515K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2810	−3.232%	$21K	$711K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2739	−3.394%	$37K	$240K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2760	−3.345%	$414K	$444K	20x	as long as short
Hyperliquid AR	+0.0372%	1h	4.2833	−3.180%	$3.9M	$4.8M	5x	as long as short