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

ALGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Aster against Hyperliquid−0.070%7-day average · you buy dearer than you sell
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 airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.070% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ALGO0.11240.0100pay 0.0013% / 1h40m 51s$3.7M$1.9M5x
ShortAster ALGOUSDT0.11230.0100get 0.0100% / 8h1h 40m$44K$31K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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: −0.070% → 0.000%
−$7.05
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$24.05
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago1.34 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
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−0.0373%1h0.1123−0.062%$102K$50K25xas long as short
Injective ALGO/USDC PERP−0.0295%1h0.1117−0.623%$832$202K12xas long as short
Kraken Futures PF_ALGOUSD−0.0287%1h0.1123−0.063%$843K$1.1M50xas long as short
Bybit ALGOUSDT−0.0105%8h0.1122−0.187%$11.3M$12.3M75xas long as short
Variational Omni ALGO−0.0090%8h0.1117−0.592%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0056%1h0.1118−0.560%$62K$331K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1124−0.005%$6K150xas long as short
Hyperliquid ALGOlong+0.0100%1h0.1124long leg$3.7M$1.9M5x
Aster ALGOUSDTshort+0.0100%8h0.1123−0.070%$44K$31K5x
Binance ALGOUSDT+0.0100%8h0.1123−0.089%$9.9M$34.7M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1123−0.125%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1123−0.089%$883K$845K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1123−0.125%$23.1M$2.8M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1124−0.044%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1123−0.089%$5.7M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1123−0.133%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1124−0.044%$66K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.11240.000%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1123−0.108%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1123−0.062%$489K$797K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0252% / S −0.0186%1h0.1124+0.026%$5K100xas long as short
dYdX ALGO-USD+0.1618%1h0.1124−0.001%$161K$5K5xas long as short