Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.065%

Price spread now: Binance against Hyperliquid−0.081%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.081%, 7d avg −0.066%

Together, before fees−0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7354	0.0100	pay 0.0013% / 1h	47m 12s	$25.5M	$6.5M	5x
Short	Binance ASTERUSDT	0.7348	0.0100	get 0.0050% / 4h	1h 47m	$90.4M	$109.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.066%: −$1.53
Slippage, 4 orders: −$14.73
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.25
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Binance: 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 Hyperliquid live order book, 6 min ago	1.63 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.68 bp	9.1 bp −$9	18.1 bp −$181	56.1 bp −$5,612	254.0 bp −$127.0K

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-PERPETUAL	−0.0158%	1h	0.7346	−0.106%	$11K	$86K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0088%	1h	0.7355	+0.011%	$272K	$879K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7348	−0.081%	$54.8M	$101.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7357	+0.035%	$15K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7354	−0.003%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0032%	1h	0.7348	−0.081%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.490%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7344	−0.136%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7350	−0.055%	$891K	$900K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7355	+0.013%	$367K	$254K	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	0.7354	long leg	$25.5M	$6.5M	5x
Pacifica ASTER	+0.0100%	1h	0.7355	+0.018%	$256K	$73K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7348	−0.081%	$90.4M	$109.7M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7349	−0.068%	$49.1M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7348	−0.081%	$12.1M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7345	−0.122%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7343	−0.149%	$33.7M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7348	−0.083%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7351	−0.040%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7351	−0.040%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7349	−0.066%	$220K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7381	+0.368%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7382	+0.375%	$454K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7356	+0.028%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7362	+0.109%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7345	−0.122%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7352	−0.027%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7349	−0.073%	$367K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	−0.002%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7348	−0.086%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7353	−0.020%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7350	−0.054%	—	$1.9M	75x	as long as short