Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.069%

Price spread now: Aster against Injective−1.819%87s7-day average — · you buy dearer than you sell

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 6 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

Funding pays, the price is against you. Aster is 1.819% cheaper against Injective than usual: you would sell low and buy high (spread −1.819% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$182 on $10k: about 3 months of funding at the current rate (+$2 a day). The two prices were read 87 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 S/USDC PERP	0.04100	0.0033	pay 0.0004% / 1h	17m 51s	$2K	$37K	12x
Short	Aster SUSDT	0.04025	0.0100	get 0.0050% / 4h	2h 17m	$47K	$111K	10x

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 −1.819%Rate

Funding earned: $14
Price spread: −1.819% → 0.000%: −$181.86
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: −$175.88
Costs to cover: 0.080%
Break-even: 94.9 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 28 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 Aster live order book, 28 min ago	13.92 bp	39.8 bp −$40	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.

S on 25 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
01 Exchange SUSD	−0.9952%	1h	0.03850	−6.098%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1809%	1h	0.04020	−1.960%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03961	−3.390%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04019	−1.966%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04019	−1.973%	$4	—	15x	as long as short
Variational Omni S	−0.0081%	4h	0.04012	−2.139%	$623K	$25K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04020	−1.948%	$620	—	150x	as long as short
Injective S/USDC PERPlong	+0.0033%	1h	0.04100	long leg	$2K	$37K	12x
Orderly PERP_S_USDC	+0.0084%	4h	0.04022	−1.902%	$100K	$553K	10x	as long as short
Lighter S	+0.0096%	1h	0.04027	−1.780%	$171K	$140K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04018	−1.993%	$1.0M	$595K	5x	as long as short
Aster SUSDTshort	+0.0100%	4h	0.04025	−1.819%	$47K	$111K	10x
Binance SUSDT	+0.0100%	4h	0.04023	−1.878%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04021	−1.927%	$5.7M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04020	−1.951%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04019	−1.976%	$327K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04025	−1.829%	$3.8M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04017	−2.024%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04023	−1.878%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04024	−1.854%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	−1.951%	$24K	$483K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04022	−1.909%	$226K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	−1.854%	$277K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0745%	1h	0.04026	−1.805%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2370%	1h	0.04030	−1.707%	$117K	$426K	5x	as long as short