Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.064%

Price spread now: Bybit against Hyperliquid−0.123%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.123%, 7d avg −0.076%

Together, before fees−0.084%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.047% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7230	0.0100	pay 0.0013% / 1h	5m 31s	$24.6M	$7.7M	5x
Short	Bybit ASTERUSDT	0.7221	0.0100	get 0.0050% / 4h	5m 31s	$48.5M	$25.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.076%: −$4.66
Slippage, 4 orders: −$18.78
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.44
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Bybit: 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	0.28 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.69 bp	13.1 bp −$13	43.7 bp −$437	234.7 bp −$23.5K	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
Deribit ASTER_USDC-PERPETUAL	−0.0151%	1h	0.7238	+0.107%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7242	+0.165%	$255K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7225	−0.068%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7222	−0.109%	$52.4M	$110.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7226	−0.058%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7240	+0.144%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.214%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0064%	4h	0.7239	+0.126%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7225	−0.072%	$874K	$922K	5x	as long as short
Extended ASTER-USD	+0.0096%	1h	0.7223	−0.096%	$361K	$635K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7229	−0.009%	$352K	$272K	5x	as long as short
Hyperliquid ASTERlong	+0.0100%	1h	0.7230	long leg	$24.6M	$7.7M	5x
Pacifica ASTER	+0.0100%	1h	0.7227	−0.036%	$252K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7221	−0.123%	$88.6M	$120.5M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7221	−0.123%	$48.5M	$25.1M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7227	−0.040%	$12.2M	$19.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7223	−0.095%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7226	−0.054%	$33.1M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7223	−0.097%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7223	−0.095%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7225	−0.068%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7240	+0.136%	$209K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	+0.101%	$2.0M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7248	+0.250%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7251	+0.292%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7246	+0.223%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7239	+0.126%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7244	+0.195%	$241K	$141K	20x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7249	+0.265%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7243	+0.185%	$342K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7241	+0.159%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7250	+0.278%	$3.5M	$2.1M	75x	as long as short