Settings8H · net · $10k
Funding arb · Price arb /

ALGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Aster+0.096%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.096% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ALGOUSDT0.11180.0100pay 0.0100% / 8h3h 13m$44K$34K5x
ShortHyperliquid ALGO0.11190.0100get 0.0013% / 1h13m 37s$3.8M$2.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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

Funding earned
$0
Price spread: +0.096% → 0.000%
$9.65
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$7.35
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 13 min ago1.34 bp13.3 bp −$13doesn't fitdoesn't fitdoesn't fit
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.

ALGO on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0464%1h0.1119+0.096%$101K$52K25xas long as short
Kraken Futures PF_ALGOUSD−0.0140%1h0.1119+0.121%$833K$1.2M50xas long as short
Injective ALGO/USDC PERP−0.0126%1h0.1116−0.172%$831$118K12xas long as short
Bybit ALGOUSDT−0.0091%8h0.1116−0.145%$11.3M$12.3M75xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1118−0.029%$61K$344K50xas long as short
Variational Omni ALGO−0.0032%8h0.1119+0.067%$65K$11Kas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1119+0.137%$6K150xas long as short
Hyperliquid ALGOshort+0.0100%1h0.1119+0.096%$3.8M$2.0M5x
Aster ALGOUSDTlong+0.0100%8h0.1118long leg$44K$34K5x
Binance ALGOUSDT+0.0100%8h0.1118−0.020%$9.9M$35.2M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1117−0.047%$3.0M$7.9M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1117−0.118%$880K$825K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1117−0.082%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1118−0.020%$3.6M$1.6M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1118+0.007%$5.7M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1117−0.065%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1118−0.038%$66K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1119+0.096%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1117−0.091%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1116−0.127%$491K$799K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1120+0.145%$5K100xas long as short
dYdX ALGO-USD+0.1592%1h0.1119+0.073%$160K$5K5xas long as short