Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1705%/8h= +186.7% APRpaid last 24h +0.501%

Price spread now: Aster against Injective+0.416%47s7-day average +0.438% · you sell dearer than you buy

Net, funding: paid 7d − costs+$228as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1301.299% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+3.579%+$358 on $10k

Price spread, last 4 days (all we have)−2.757%−$276 · spread now +0.416%, 7d avg +0.438%

Together, before fees+0.822%+ Points / potential airdropAster: Stage 5 · farm board+$82 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.021% cheaper against Injective than usual: you would sell low and buy high (spread +0.416% now, against its 7-day average of +0.438%). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$51 a day). The two prices were read 47 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 ARB/USDC PERP	0.2210	−0.1605	get 0.0201% / 1h	12m 29s	$40K	$372K	12x
Short	Aster ARBUSDT	0.2219	0.0100	get 0.0100% / 8h	7h 12m	$634K	$1.7M	20x

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 +0.416%Rate

Funding earned: $358.01
Price spread: +0.416% → +0.438%: −$2.14
Slippage, 4 orders: −$121.83
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $226.02
Costs to cover: 1.299%
Break-even: 2.6 days

Slippage from Injective: live order book, 22 min ago; Aster: live order book, 1 min ago.

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 live order book, 22 min ago	50.23 bp	50.2 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	4.29 bp	10.7 bp −$11	27.8 bp −$278	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERPlong	−0.1605%	1h	0.2210	long leg	$40K	$372K	12x
Phemex ARBUSDT	−0.0197%	8h	0.2216	+0.271%	$4.9M	$12.7M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0167%	1h	0.2214	+0.189%	$1.1M	$4.3M	50x	as long as short
SoDEX ARB-USD	−0.0165%	1h	0.2213	+0.122%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2218	+0.367%	$22.5M	$147.2M	50x	as long as short
MEXC ARB_USDT	−0.0105%	8h	0.2217	+0.312%	$44.5M	$63.9M	200x	as long as short
01 Exchange ARBUSD	−0.0064%	1h	0.2220	+0.443%	$7K	$458	10x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2213	+0.136%	$16K	$412K	10x	as long as short
Gate ARB_USDT	−0.0034%	8h	0.2218	+0.385%	$5.5M	$18.4M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2217	+0.300%	$65K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2214	+0.167%	$28K	$37K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2214	+0.200%	$74K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2217	+0.319%	$366K	$3.0M	25x	as long as short
Binance ARBUSDT	+0.0009%	8h	0.2220	+0.443%	$64.1M	$298.1M	75x	as long as short
Bybit ARBUSDT	+0.0016%	8h	0.2219	+0.421%	$54.3M	$124.9M	50x	as long as short
Variational Omni ARB	+0.0026%	8h	0.2217	+0.332%	$1.8M	$3.0M	—	as long as short
BloFin ARB-USDT	+0.0038%	8h	0.2215	+0.213%	$3.0M	$2.4M	75x	as long as short
Bitget ARBUSDT	+0.0052%	8h	0.2219	+0.407%	$21.3M	$34.6M	50x	as long as short
BingX ARB-USDC	+0.0058%	8h	0.2217	+0.312%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2215	+0.205%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2218	+0.367%	$1.3M	$5.6M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2219	+0.421%	$36.1M	$51.9M	10x	as long as short
Aster ARBUSDTshort	+0.0100%	8h	0.2219	+0.416%	$634K	$1.7M	20x
Pacifica ARB	+0.0100%	1h	0.2217	+0.326%	$44K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2217	+0.317%	$19.3M	$13.9M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	+0.344%	$40K	$468K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.406%	$474K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2218	+0.362%	$120K	$290K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2221	+0.502%	$75K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2215	+0.226%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2215	+0.240%	$298K	$826K	50x	as long as short
RISEx ARB/USDC	+0.0123%	1h	0.2220	+0.460%	$541K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0275%	1h	0.2216	+0.262%	$989K	$2.8M	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2214	+0.197%	$837K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2212	+0.111%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2229	+0.846%	$532K	$1.6M	50x	as long as short