Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Aster against Injective+0.776%77s7-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

The price spread pays, funding is against you. Aster is 0.776% dearer against Injective than usual: you sell high and buy low (spread +0.776% now, against zero (this spread has no 7-day history yet)): +$78 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 77 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 COST/USDC PERP	891.98	0.0033	pay 0.0004% / 1h	30m 02s	$2K	$28K	12x
Short	Aster COSTUSDT	898.90	0	get 0.0000% / 8h	5h 30m	$45K	$178	20x

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 +0.776%Rate

Funding earned: −$7
Price spread: +0.776% → 0.000%: $77.6
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: $62.58
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.

COST on 15 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 COSTUSDTshort	0.0000%	8h	898.90	+0.776%	$45K	$178	20x
Bybit COSTUSDT	0.0000%	8h	898.88	+0.774%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.79	+0.876%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.05	+0.793%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.11	+0.799%	$403K	$102K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.40	+0.720%	$2K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.01	+1.012%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.73	+0.757%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERPlong	+0.0033%	1h	891.98	long leg	$2K	$28K	12x
Extended COST-USD	+0.0040%	1h	898.25	+0.703%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.56	+0.738%	—	—	25x	as long as short
Variational Omni COST	+0.0050%	8h	898.76	+0.760%	$42K	$17K	—	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.63	+0.746%	$1.8M	$515K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.50	+0.731%	$46K	$871K	20x	as long as short
Binance COSTUSDT	+0.0162%	8h	898.95	+0.782%	$1.1M	$928K	20x	as long as short