Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.094%

Price spread now: Aster against Hyperliquid−0.040%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 7 days+0.175%+$18 · spread now −0.040%, 7d avg −0.008%

Together, before fees+0.031%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.031% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7274	0.0100	pay 0.0013% / 1h	8m 53s	$24.7M	$7.7M	5x
Short	Aster ASTERUSDT	0.7271	0	get 0.0000% / 4h	8m 53s	$52.8M	$110.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$21
Price spread: −0.040% → −0.008%: −$3.13
Slippage, 4 orders: −$10.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$51.32
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Aster: live order book, 5 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 Hyperliquid live order book, 4 min ago	0.28 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.38 bp	5.4 bp −$5	9.8 bp −$98	93.2 bp −$9,318	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	−0.0072%	1h	0.7268	−0.082%	$255K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7266	−0.110%	$8K	$4K	10x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7271	−0.040%	$52.8M	$110.5M	200x
dYdX ASTER-USD	0.0000%	1h	0.7269	−0.074%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7270	−0.060%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7270	−0.054%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.595%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7271	−0.041%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7271	−0.037%	$879K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7266	−0.109%	$354K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTERlong	+0.0100%	1h	0.7274	long leg	$24.7M	$7.7M	5x
Pacifica ASTER	+0.0100%	1h	0.7268	−0.085%	$253K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7268	−0.087%	$89.2M	$120.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7272	−0.027%	$48.8M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7271	−0.041%	$12.2M	$19.8M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7270	−0.055%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7269	−0.069%	$33.5M	$19.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7269	−0.063%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7265	−0.124%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7267	−0.096%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7273	−0.016%	$210K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7256	−0.245%	$2.1M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7259	−0.206%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7263	−0.151%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7273	−0.014%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7269	−0.069%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7266	−0.110%	$241K	$141K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7268	−0.076%	$363K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7256	−0.254%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0283%	1h	0.7275	+0.011%	$344K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7272	−0.030%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7267	−0.096%	$3.5M	$2.1M	75x	as long as short