Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0238%/8h= +26.0% APRpaid last 24h +0.061%

Price spread now: Hyperliquid against BingX+0.121%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days−0.095%−$10 · spread now +0.121%, 7d avg +0.080%

Together, before fees−0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.041% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.080%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7450	0.0100	pay 0.0050% / 4h	16m 28s	—	$9.7M	—
Short	Hyperliquid ASTER	0.7459	0.0338	get 0.0042% / 1h	16m 28s	$25.9M	$6.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.121%Rate

Funding earned: $49.95
Price spread: +0.121% → +0.080%: $4.06
Slippage, 4 orders: −$11.09
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $23.92
Costs to cover: 0.301%
Break-even: 3.6 days

Slippage from BingX: live order book, 7 min ago; Hyperliquid: live order book, 7 min ago.

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 BingX live order book, 7 min ago	2.02 bp	7.9 bp −$8	11.9 bp −$119	36.7 bp −$3,667	175.7 bp −$87.9K
Sell Hyperliquid live order book, 7 min ago	1.41 bp	7.5 bp −$7	doesn't fit	doesn't fit	doesn't fit

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7447	−0.047%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7452	+0.030%	$56.7M	$100.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7452	+0.026%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7446	−0.051%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7451	+0.009%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7454	+0.058%	$337K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.805%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7457	+0.098%	$924K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7454	+0.054%	$373K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7455	+0.069%	$255K	$104K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7451	+0.019%	$91.3M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7453	+0.040%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7452	+0.027%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7453	+0.040%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7451	+0.013%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7452	+0.034%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7453	+0.040%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7450	long leg	—	$9.7M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7444	−0.079%	$220K	$394K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7443	−0.087%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	+0.005%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7446	−0.054%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	−0.040%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	+0.013%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7448	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7446	−0.054%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7451	+0.008%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7446	−0.055%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7453	+0.040%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7443	−0.096%	$28K	—	100x	as long as short
Hyperliquid ASTERshort	+0.0338%	1h	0.7459	+0.121%	$25.9M	$6.9M	5x
BloFin ASTER-USDT	+0.0340%	4h	0.7450	0.000%	$3.5M	$1.9M	75x	as long as short