ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0706%/8h= +77.3% APRnext payment +$0.88 per $10,000 · paid last 24h +0.102%

Price spread now: Hyperliquid against Deribit+0.159%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.416%+$42 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.159%, 7d avg +0.115%

Together, before fees+0.434%+ Points / potential airdropHyperliquid: Season 2 · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.044% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.115%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.416% in total (about 21.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 per $10,000. 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	Deribit ASTER_USDC-PERPETUAL	0.7439	−0.0220	get 0.0028% / 1h	18m 48s	$11K	$87K	25x
Short	Hyperliquid ASTER	0.7451	0.0485	get 0.0061% / 1h	18m 48s	$26.1M	$6.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. 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 DeribitbpFee HyperliquidbpOrdersPrice spread, now +0.159%Rate

Funding earned: $148.19
Price spread: +0.159% → +0.115%: $4.41
Slippage, 4 orders: −$39.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $96.8
Costs to cover: 0.558%
Break-even: 2.4 days

Slippage from Deribit: live order book, 69 min ago; Hyperliquid: live order book, 4 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 Deribit live order book, 69 min ago	9.57 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.07 bp	8.9 bp −$9	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
Deribit ASTER_USDC-PERPETUALlong	−0.0220%	1h	0.7439	long leg	$11K	$87K	25x
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7442	+0.039%	$252K	$832K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	−0.388%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7433	−0.079%	$57.0M	$99.9M	200x	as long as short
dYdX ASTER-USD	+0.0003%	1h	0.7447	+0.106%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7441	+0.024%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7441	+0.028%	$915K	$847K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7445	+0.079%	$370K	$278K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7446	+0.095%	$255K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7434	−0.066%	$91.2M	$106.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7434	−0.066%	$49.7M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7439	+0.001%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7436	−0.039%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7432	−0.093%	$34.2M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7435	−0.052%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7440	+0.015%	$18.2M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7435	−0.052%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7437	−0.026%	$266K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7437	−0.024%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7440	+0.015%	$465K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7440	+0.015%	$66K	$715K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	+0.109%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7450	+0.149%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7436	−0.039%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7436	−0.039%	$243K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7435	−0.048%	$378K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7439	+0.001%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0160%	1h	0.7446	+0.095%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0261%	1h	0.7440	+0.010%	$286K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7441	+0.026%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7439	+0.001%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTERshort	+0.0485%	1h	0.7451	+0.159%	$26.1M	$6.7M	5x