Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.007%

Price spread now: Hyperliquid against BloFin+0.167%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.167%, 7d avg +0.099%

Together, before fees−0.372%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.068% dearer against BloFin than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.099%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASTER-USDT	0.7368	0.0340	pay 0.0170% / 4h	2h 51m	$3.5M	$1.9M	75x
Short	Hyperliquid ASTER	0.7380	0.0100	get 0.0013% / 1h	51m 13s	$25.6M	$6.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$50.4
Price spread: +0.167% → +0.099%: $6.8
Slippage, 4 orders: −$10.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$75.02
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Hyperliquid: live order book, 12 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 BloFin live order book, 2 min ago	0.68 bp	7.3 bp −$7	14.6 bp −$146	48.3 bp −$4,829	doesn't fit
Sell Hyperliquid live order book, 12 min ago	1.14 bp	8.3 bp −$8	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	−0.0080%	1h	0.7385	+0.233%	$271K	$857K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0021%	1h	0.7371	+0.043%	$11K	$86K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7377	+0.117%	$55.6M	$101.2M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7374	+0.080%	$29K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0032%	1h	0.7377	+0.122%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.299%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7373	+0.068%	$14K	$845	10x	as long as short
ApeX Omni ASTERUSDT	+0.0094%	1h	0.7374	+0.081%	$66K	$715K	50x	as long as short
Lighter ASTER	+0.0096%	1h	0.7377	+0.118%	$896K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7378	+0.139%	$367K	$257K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTERshort	+0.0100%	1h	0.7380	+0.167%	$25.6M	$6.5M	5x
Pacifica ASTER	+0.0100%	1h	0.7378	+0.134%	$253K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7370	+0.027%	$90.3M	$109.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7373	+0.068%	$49.4M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7377	+0.122%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7378	+0.136%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7372	+0.054%	$35.1M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7375	+0.098%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7371	+0.041%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7372	+0.054%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7387	+0.261%	$221K	$474K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7371	+0.046%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7360	−0.104%	$459K	$3.8M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7372	+0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7372	+0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7380	+0.163%	$241K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7375	+0.091%	$369K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0115%	4h	0.7356	−0.158%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7376	+0.115%	$339K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7373	+0.067%	$28K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7368	long leg	$3.5M	$1.9M	75x
dYdX ASTER-USD	+0.0580%	1h	0.7377	+0.120%	$15K	$1K	5x	as long as short