Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.002%

Price spread now: BloFin against Hyperliquid−0.100%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.308%+$31 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.100%, 7d avg −0.098%

Together, before fees+0.293%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7474	0.0334	pay 0.0042% / 1h	36m 45s	$26.0M	$6.9M	5x
Short	BloFin ASTER-USDT	0.7467	0.0340	get 0.0170% / 4h	36m 45s	$3.5M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.100%Rate

Funding earned: $1.2
Price spread: −0.100% → −0.098%: −$0.22
Slippage, 4 orders: −$17.48
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$37.49
Costs to cover: 0.385%
Break-even: 225.2 days

Slippage from Hyperliquid: live order book, 6 min ago; BloFin: live order book, 2 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	1.34 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.34 bp	10.6 bp −$11	13.0 bp −$130	32.2 bp −$3,220	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	−0.0136%	1h	0.7470	−0.054%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7465	−0.128%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7465	−0.127%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7468	−0.090%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7469	−0.077%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7471	−0.050%	$337K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.131%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7468	−0.086%	$924K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7474	0.000%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7470	−0.064%	$256K	$104K	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	0.7468	−0.087%	$91.5M	$107.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7469	−0.074%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7469	−0.074%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7463	−0.154%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7468	−0.087%	$35.3M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7467	−0.104%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7463	−0.154%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7462	−0.167%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7465	−0.126%	$265K	$330K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7485	+0.135%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7485	+0.142%	$464K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7473	−0.020%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7471	−0.047%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7475	+0.007%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7468	−0.087%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7470	−0.060%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7463	−0.157%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7470	−0.063%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7472	−0.033%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7470	−0.063%	$28K	—	100x	as long as short
Hyperliquid ASTERlong	+0.0334%	1h	0.7474	long leg	$26.0M	$6.9M	5x
BloFin ASTER-USDTshort	+0.0340%	4h	0.7467	−0.100%	$3.5M	$1.9M	75x