Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h +0.061%

Price spread now: Hyperliquid against edgeX+0.553%86s7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.299% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days−0.508%−$51 · spread now +0.553%, 7d avg +0.124%

Together, before fees−0.391%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.429% dearer against edgeX than usual: you sell high and buy low (spread +0.553% now, against its 7-day average of +0.124%): +$43 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ASTERUSDC	0.7354	0.0113	pay 0.0057% / 4h	2h 51m	$212K	$2.0M	10x
Short	Hyperliquid ASTER	0.7394	0.0100	get 0.0013% / 1h	51m 58s	$25.7M	$6.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.553%Rate

Funding earned: −$2.81
Price spread: +0.553% → +0.124%: $42.9
Slippage, 4 orders: −$11.86
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $10.23
Costs to cover: 0.299%
Break-even: from the start

Slippage from edgeX: 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 edgeX live order book, 2 min ago	2.04 bp	6.6 bp −$7	16.5 bp −$165	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	−0.145%	$65K	$715K	50x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7371	+0.234%	$270K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7379	+0.343%	$55.6M	$101.1M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7377	+0.313%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7378	+0.327%	$29K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7380	+0.358%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.494%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7378	+0.331%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7383	+0.399%	$896K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7378	+0.332%	$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	0.7394	+0.553%	$25.7M	$6.5M	5x
Pacifica ASTER	+0.0100%	1h	0.7380	+0.354%	$253K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7388	+0.467%	$90.5M	$109.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7388	+0.467%	$49.5M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7392	+0.521%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7383	+0.399%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7387	+0.453%	$35.2M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7388	+0.463%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7387	+0.453%	$18.0M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7386	+0.440%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7387	+0.456%	$221K	$474K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7328	−0.351%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.401%	$453K	$3.7M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7374	+0.277%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7383	+0.399%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7381	+0.372%	$241K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7386	+0.435%	$369K	$641K	25x	as long as short
edgeX ASTERUSDClong	+0.0113%	4h	0.7354	long leg	$212K	$2.0M	10x
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7387	+0.451%	$340K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7375	+0.296%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7367	+0.181%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0663%	1h	0.7377	+0.315%	$15K	$1K	5x	as long as short