Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.001%

Price spread now: Gate against Injective−1.624%84s7-day average +0.072% · you buy dearer than you sell

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+2.127%+$213 · spread now −1.624%, 7d avg +0.072%

Together, before fees+2.199%+$220 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 1.696% cheaper against Injective than usual: you would sell low and buy high (spread −1.624% now, against its 7-day average of +0.072%). If the spread goes back, that is −$170 on $10k: about 3 months of funding at the current rate (+$2 a day). The two prices were read 84 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 ASTER/USDC PERP	0.7390	0.0033	pay 0.0004% / 1h	59m 55s	$9	$133K	5.5x
Short	Gate ASTER_USDT	0.7270	0.0100	get 0.0050% / 4h	3h 59m	$6.4M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −1.624%Rate

Funding earned: $14
Price spread: −1.624% → +0.072%: −$169.57
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.59
Costs to cover: 0.150%
Break-even: 92.3 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	3.45 bp	18.2 bp −$18	42.6 bp −$426	128.5 bp −$12.9K	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.

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7262	−1.729%	$256K	$1.1M	50x	as long as short
01 Exchange ASTERUSD	−0.0008%	1h	0.7265	−1.691%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7269	−1.641%	$52.7M	$110.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7263	−1.724%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7266	−1.678%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7265	−1.692%	$23K	—	150x	as long as short
Injective ASTER/USDC PERPlong	+0.0033%	1h	0.7390	long leg	$9	$133K	5.5x
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7262	−1.732%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7268	−1.648%	$879K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7261	−1.740%	$353K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7276	−1.540%	$24.8M	$7.8M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7263	−1.724%	$253K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7268	−1.651%	$89.3M	$120.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7269	−1.637%	$48.8M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7273	−1.583%	$12.3M	$19.9M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7270	−1.624%	$6.4M	$5.7M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7269	−1.637%	$33.3M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7269	−1.636%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7273	−1.583%	$17.8M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7269	−1.637%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7267	−1.660%	$208K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7245	−1.959%	$2.1M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7247	−1.941%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7244	−1.976%	$98K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7269	−1.637%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7264	−1.705%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7261	−1.746%	$241K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7267	−1.671%	$363K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7240	−2.028%	$210K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0284%	1h	0.7270	−1.623%	$344K	$586K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7264	−1.699%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7250	−1.894%	$3.5M	$2.1M	75x	as long as short