Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.064%

Price spread now: Hyperliquid against Bybit+0.121%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.121%, 7d avg +0.076%

Together, before fees+0.087%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.045% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7377	0.0100	pay 0.0050% / 4h	2h 52m	$49.4M	$22.7M	75x
Short	Hyperliquid ASTER	0.7386	0.0100	get 0.0013% / 1h	52m 23s	$25.6M	$6.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.076%: $4.5
Slippage, 4 orders: −$24.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$39.96
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 11 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 Bybit live order book, 2 min ago	0.68 bp	13.1 bp −$13	41.6 bp −$416	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 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
ApeX Omni ASTERUSDT	−0.0718%	1h	0.7343	−0.461%	$65K	$715K	50x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7371	−0.083%	$270K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7375	−0.029%	$55.6M	$101.1M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7377	−0.004%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7378	+0.010%	$29K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7380	+0.041%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.176%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7378	+0.014%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7378	+0.015%	$896K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7378	+0.015%	$369K	$255K	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	0.7386	+0.121%	$25.6M	$6.5M	5x
Pacifica ASTER	+0.0100%	1h	0.7380	+0.037%	$253K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7375	−0.024%	$90.4M	$109.8M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7377	long leg	$49.4M	$22.7M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7378	+0.014%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7380	+0.041%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7376	−0.014%	$35.1M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7378	+0.009%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7378	+0.014%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7377	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7378	+0.014%	$220K	$470K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7328	−0.666%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.716%	$453K	$3.7M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7374	−0.041%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7383	+0.081%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7367	−0.136%	$241K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7379	+0.022%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	−0.316%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7387	+0.133%	$340K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7375	−0.021%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7367	−0.136%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0663%	1h	0.7377	−0.002%	$15K	$1K	5x	as long as short