Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Aster against Injective+3.529%57s7-day average — · you sell dearer than you buy

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 3.529% dearer against Injective than usual: you sell high and buy low: +$353 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 NOT/USDC PERP	0.0004874	0.0033	pay 0.0004% / 1h	34m 16s	$1K	$13K	5.5x
Short	Aster NOTUSDT	0.0005046	0.0100	get 0.0050% / 4h	1h 34m	$14K	$9K	5x

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 +3.529%Rate

Funding earned: $14
Price spread: +3.529% → 0.000%: $352.89
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: $358.87
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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.

NOT on 16 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
Variational Omni NOT	−0.0125%	4h	0.0005043	+3.476%	$71K	$39K	—	as long as short
Injective NOT/USDC PERPlong	+0.0033%	1h	0.0004874	long leg	$1K	$13K	5.5x
Lighter 1000NOT	+0.0096%	1h	0.0005059	+3.802%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+3.611%	$369K	$51K	3x	as long as short
Aster NOTUSDTshort	+0.0100%	4h	0.0005046	+3.529%	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005046	+3.531%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005041	+3.426%	$2.1M	$813K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005046	+3.529%	$612K	$585K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005050	+3.611%	$140K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005047	+3.549%	$1.3M	$460K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005047	+3.549%	$496K	$120K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005050	+3.611%	$663K	$387K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005043	+3.467%	—	$724K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005045	+3.509%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0141%	4h	0.0005052	+3.652%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.6145%	1h	0.0005087	+4.362%	$49K	$9K	10x	as long as short