Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%

Price spread now: Injective against KuCoin+1.505%100s7-day average −0.003% · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−1.903%−$190 · spread now +1.505%, 7d avg −0.003%

Together, before fees−1.956%−$196 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.508% dearer against KuCoin than usual: you sell high and buy low (spread +1.505% now, against its 7-day average of −0.003%): +$151 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.054% in total) that is about 7 months. The two prices were read 100 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	KuCoin ASTERUSDTM	0.7280	0.0100	pay 0.0050% / 4h	3h 33m	$11.1M	$3.4M	75x
Short	Injective ASTER/USDC PERP	0.7390	0.0033	get 0.0004% / 1h	33m 40s	$9	$133K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +1.505%Rate

Funding earned: −$14
Price spread: +1.505% → −0.003%: $150.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $124.82
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 5 min ago; 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 KuCoin live order book, 5 min ago	2.60 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Aster ASTERUSDT	0.0000%	4h	0.7279	−0.019%	$51.2M	$112.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7280	−0.008%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7300	+0.266%	$11K	$56K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7301	+0.280%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7298	+0.246%	$253K	$1.3M	50x	as long as short
Injective ASTER/USDC PERPshort	+0.0033%	1h	0.7390	+1.505%	$9	$133K	5.5x
Bybit ASTERUSDT	+0.0038%	4h	0.7279	−0.019%	$49.3M	$26.2M	75x	as long as short
Extended ASTER-USD	+0.0056%	1h	0.7279	−0.022%	$366K	$654K	25x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7280	−0.005%	$6K	$7K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0081%	4h	0.7300	+0.269%	$13K	$1K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ASTER_USDT	+0.0084%	4h	0.7280	−0.005%	$6.3M	$5.8M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0096%	1h	0.7301	+0.278%	$335K	$640K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7285	+0.060%	$885K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7304	+0.317%	$345K	$290K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7281	+0.013%	$257K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7281	+0.008%	$92.0M	$130.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7281	+0.008%	$12.3M	$22.2M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7283	+0.036%	$34.2M	$20.8M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7280	long leg	$11.1M	$3.4M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7277	−0.047%	$17.8M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7276	−0.060%	—	$10.1M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7296	+0.217%	$209K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7296	+0.218%	$2.1M	$408K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7299	+0.255%	$451K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7305	+0.338%	$111K	$728K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7306	+0.352%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7298	+0.242%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7298	+0.242%	$244K	$202K	20x	as long as short
edgeX ASTERUSDC	+0.0100%	4h	0.7297	+0.230%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0180%	1h	0.7289	+0.117%	$25.0M	$7.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7294	+0.182%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7300	+0.269%	$3.6M	$2.1M	75x	as long as short