Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%

Price spread now: SunX against Injective−2.625%7-day average +0.114% · you buy dearer than you sell

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)+3.446%+$345 · spread now −2.625%, 7d avg +0.114%

Together, before fees+3.604%+$360 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 2.739% cheaper against Injective than usual: you would sell low and buy high (spread −2.625% now, against its 7-day average of +0.114%). If the spread goes back, that is −$274 on $10k: about 5 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 ASTER/USDC PERP	0.7390	0.0033	pay 0.0004% / 1h	50m 32s	$9	$133K	5.5x
Short	SunX ASTER-USDT	0.7196	0.0100	get 0.0050% / 4h	50m 32s	$2K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −2.625%Rate

Funding earned: $14
Price spread: −2.625% → +0.114%: −$273.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$267.91
Costs to cover: 0.080%
Break-even: 141.0 days

Slippage unknown: Injective: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	30.40 bp	124.8 bp −$125	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.

ASTER on 32 exchanges

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
Deribit ASTER_USDC-PERPETUAL	−0.0098%	1h	0.7189	−2.716%	$11K	$41K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0008%	1h	0.7216	−2.352%	$249K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7199	−2.585%	$49.7M	$103.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7194	−2.650%	$14K	$4K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7193	−2.670%	$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	+0.0055%	4h	0.7190	−2.706%	$13K	$2K	10x	as long as short
Extended ASTER-USD	+0.0080%	1h	0.7199	−2.584%	$362K	$599K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7196	−2.628%	$933K	$516K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7195	−2.639%	$344K	$233K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7196	−2.624%	$25.0M	$6.8M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7192	−2.673%	$263K	$105K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7201	−2.564%	$92.0M	$123.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7203	−2.530%	$48.9M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7205	−2.503%	$12.4M	$20.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7191	−2.693%	$6.4M	$4.4M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7191	−2.693%	$31.6M	$22.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7194	−2.656%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7196	−2.625%	$17.6M	$7.0M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7197	−2.612%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7194	−2.654%	$208K	$458K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7189	−2.725%	$2.0M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7225	−2.233%	$451K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7225	−2.233%	$46K	$748K	50x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7196	−2.625%	$2K	$1.5M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7190	−2.706%	$13K	$6K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7191	−2.693%	$247K	$170K	20x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7220	−2.298%	$210K	$2.1M	10x	as long as short
01 Exchange ASTERUSD	+0.0120%	1h	0.7207	−2.476%	$6K	$7K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0229%	1h	0.7195	−2.645%	$335K	$644K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0302% / S −0.0219%	1h	0.7193	−2.672%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7196	−2.625%	$3.6M	$1.8M	75x	as long as short