Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0382%/8h= +41.8% APRpaid last 24h +0.080%

Price spread now: Hyperliquid against GRVT+0.199%65s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as 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−$310.312% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 7 days−0.242%−$24 · spread now +0.199%, 7d avg +0.048%

Together, before fees−0.091%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.150% dearer against GRVT than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% 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	GRVT ASTER_USDT_Perp	0.7398	0.0100	pay 0.0050% / 4h	2h 42m	$457K	$4.0M	10x
Short	Hyperliquid ASTER	0.7413	0.0482	get 0.0060% / 1h	42m 33s	$26.0M	$6.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GRVT. 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 GRVTbpFee HyperliquidbpOrdersPrice spread, now +0.199%Rate

Funding earned: $80.22
Price spread: +0.199% → +0.048%: $15.03
Slippage, 4 orders: −$13.24
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $64.01
Costs to cover: 0.312%
Break-even: 1.4 days

Slippage from GRVT: live order book, 1 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 GRVT live order book, 1 min ago	0.68 bp	7.5 bp −$8	17.5 bp −$175	6043.6 bp −$604.4K	70183.7 bp −$35.09M
Sell Hyperliquid live order book, 11 min ago	1.22 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	−0.0160%	1h	0.7400	+0.028%	$252K	$831K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.284%	$9	$54K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0034%	1h	0.7402	+0.053%	$11K	$102K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7401	+0.036%	$56.8M	$99.7M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7402	+0.059%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0006%	1h	0.7401	+0.037%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7406	+0.101%	$910K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0098%	4h	0.7407	+0.122%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7402	+0.061%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7405	+0.089%	$254K	$109K	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	0.7403	+0.062%	$90.7M	$105.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7405	+0.095%	$49.4M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7401	+0.041%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7401	+0.041%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7401	+0.041%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7404	+0.084%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7401	+0.041%	$18.1M	$6.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7399	+0.014%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7403	+0.068%	$265K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7393	−0.074%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perplong	+0.0100%	4h	0.7398	long leg	$457K	$4.0M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7398	0.000%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7405	+0.095%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7401	+0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7397	−0.014%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7399	+0.019%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7396	−0.025%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7404	+0.081%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7407	+0.117%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7400	+0.032%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7397	−0.014%	$3.5M	$1.8M	75x	as long as short
Hyperliquid ASTERshort	+0.0482%	1h	0.7413	+0.199%	$26.0M	$6.8M	5x