Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.061%

Price spread now: BingX against Hyperliquid+0.001%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.001%, 7d avg −0.080%

Together, before fees−0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.081% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.080%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7409	0.0159	pay 0.0020% / 1h	24m 57s	$25.7M	$6.8M	5x
Short	BingX ASTER-USDT	0.7409	0.0100	get 0.0050% / 4h	1h 24m	—	$9.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$12.35
Price spread: +0.001% → −0.080%: $8.11
Slippage, 4 orders: −$12.64
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.87
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; BingX: live order book, 3 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, 8 min ago	0.74 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.03 bp	7.1 bp −$7	12.2 bp −$122	27.3 bp −$2,725	126.0 bp −$63.0K

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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7393	−0.212%	$260K	$841K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7407	−0.025%	$56.7M	$99.9M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7401	−0.104%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	−0.101%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.255%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0083%	1h	0.7392	−0.229%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7405	−0.047%	$916K	$870K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7401	−0.111%	$371K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7391	−0.242%	$253K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7408	−0.012%	$90.7M	$106.9M	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	0.7409	+0.001%	$49.5M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7406	−0.039%	$11.9M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7400	−0.120%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7409	+0.001%	$34.7M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7408	−0.018%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7410	+0.015%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7409	+0.001%	—	$9.6M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7402	−0.089%	$263K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7391	−0.247%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7395	−0.192%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.107%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7402	−0.093%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7407	−0.026%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7402	−0.093%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7390	−0.255%	$242K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7393	−0.220%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7407	−0.031%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7400	−0.120%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7406	−0.041%	$281K	$428K	20x	as long as short
Hyperliquid ASTERlong	+0.0159%	1h	0.7409	long leg	$25.7M	$6.8M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7403	−0.086%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7395	−0.188%	$3.4M	$1.9M	75x	as long as short